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Property profile

11204 Racetrack Rd Berlin, MD 21811

OFF-MARKET
Office Spaces
Built 2004
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Property summary

AI-generated overview

This exceptional office space in Berlin, Maryland offers a variety of unit sizes, perfect for businesses of all scales. Located at 11204 Racetrack Road, this property boasts easy access to major roadways including US 50 and US 113, providing seamless commutes for employees and clients. Its strategic location places it within minutes of Berlin, Ocean City, and Salisbury, offering unparalleled convenience and accessibility. The property is also conveniently situated near Ocean Pines and Atlantic General Hospital. Multiple units are available within two buildings, offering flexibility in space requirements. Ground floor units rent for $21.95 per square foot, while second-floor units are available at $17.95 per square foot. Common area maintenance (CAM) charges are an additional $5.45 per square foot. Available spaces range from 707 to 6,353 square feet. Specific unit sizes include: Building 11200 – Unit 201 (1,595 sq ft), Unit 202 (1,445 sq ft), Unit 203 (1,439 sq ft)

Property profile

Verified
Property type Office Spaces
Year built 2004

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Home Health Care Service
  • Dental Office

Location

11204 Racetrack Rd Berlin, MD 21811
Berlin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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