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    OFF-MARKET
    Office Spaces

    11022 Nicholas Ln, Ocean Pines, MD 21811

    3,528 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A executive office condominium, located at 11022 Nicholas Lane, Unit 1, Ocean Pines, MD 21811 (APN 56), presents a rare investment opportunity. Boasting 3,528 square feet, this meticulously renovated space ($735,000 asking price, $208.33/sq ft) is ideally suited for a variety of professional uses. The layout features a welcoming reception area, two private offices providing ample privacy, and expansive open areas perfect for collaborative work or flexible configurations. Two full bathrooms, each with connected changing rooms, add to the convenience and functionality. The property includes a 16' x 22' indoor pool (3'6"-4' deep), which the owner is willing to remove and restore the subfloor to concrete. Completely remodeled in 2022, this property benefits from modern amenities and a fresh, updated aesthetic. Monthly condo fees of $903.87 cover all exterior maintenance, landscaping, and trash removal. The business, along with all furniture, fixtures, and equipment, is available for an additional $80,000. This property is zoned for commercial use and offers a unique blend of functionality and modern appeal in the desirable Ocean Pines community. This is a truly exceptional opportunity for a discerning buyer seeking a turnkey executive office space.

    Property profile
    Verified
    Property type Office Spaces
    Total area 3,528 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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