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Property profile & analytics
OFF-MARKET
Mixed-use properties

11021 5 Berlin, MD 21811

6,837 SF 3.56 ac lot Built 2004
Property ID
Property summary
AI-generated overview

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

Property profile
Verified
Property type Mixed-use properties
Year built 2004
Total area 6,837 SF
Lot 3.56 ac (155,074 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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