11021 5 Berlin, MD 21811
This exceptional mixed-use property in Berlin, MD, presents a lucrative investment opportunity. The 6,837 square foot building sits on a 3.56-acre lot and comprises seven fully-leased office/retail condo units within the Village Square Shopping Center, ideally situated at the entrance to Ocean Pines' South Gate. The property boasts a recent roof replacement (2022) and a complete HVAC system overhaul (three years prior), minimizing maintenance concerns for the new owner. The strong tenant occupancy ensures a steady income stream, further enhanced by the property's prime location within a rapidly growing community. Ocean Pines is experiencing significant population growth, attracting young professionals, families, and retirees, creating high demand for commercial space. This strategic location along Route 589 guarantees high foot traffic, maximizing the potential for revenue generation. The property includes seven units with the following tax IDs: Unit 2: 03-143538
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.