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    OFF-MARKET
    Office Spaces

    11204 Racetrack Rd, Berlin, MD 21811

    Built 2004
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • FYZICAL Therapy & Balance Centers Physician
    • FYZICAL® Ocean Pines Physician
    • Carson Bunting Physician
    • Peninsula Home Care Home Health Care Service
    • Robert Steinberg Dental Office
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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