Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Newport Bay Dr Berlin, MD 21811
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    Newport Bay Dr Berlin, MD 21811

    View on Map
    • Land
    • 6.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Newport Bay Dr

    Lot size
    6.57 lot acres
    Property type
    Land

    Description

    This exceptional 6.57-acre commercial lot, located at Newport Bay Drive in Berlin, Maryland (zip code 21811), presents a unique investment opportunity. Zoned R-1A, this property boasts a stunning waterfront location with private access to Newport Bay and Sinepuxent Bay, including a 300-foot private dock. Situated within the exclusive Indian Creek community, a small neighborhood of only 32 lots, it offers both privacy and a strong sense of community. The property is conveniently located just eight miles from Ocean City, providing easy access to its amenities and attractions, while also being minutes away from the natural beauty of Assateague Island and the Ocean City Golf & Yacht Club. A perk test has already been completed, and the county has the results on file, streamlining the building process. This allows for immediate development, subject to county approvals. The property is ideal for a substantial coastal residence, with minimum building requirements of 2500 square feet on the first floor and a total minimum of 3000 square feet. This is a rare chance to acquire a large waterfront lot in a desirable location, offering an unparalleled coastal lifestyle. The asking price for this exceptional property is $649,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Worcester
    State
    Maryland
    Longitude
    -75.194
    Latitude
    38.2386

    Comparable in this City

    • Value Estimation by Request
      4.43 Acres

      11334 Newport Bay Dr

      Land • 4.43 Acres
      11334 Newport Bay Dr, Berlin, MD 21811
      View Details
    • Value Estimation by Request
      8.10 Acres

      Newport Bay Dr

      Land • 8.10 Acres
      0 Newport Bay Dr, Berlin, MD 21811
      View Details
    • Value Estimation by Request
      2.72 Acres

      Germantown Rd

      Land • 2.72 Acres
      0 Germantown Rd, Berlin, MD 21811
      View Details
    • Value Estimation by Request
      13.14 Acres

      Newport Bay Dr

      Land • 13.14 Acres
      0 Newport Bay Dr, Berlin, MD 21811
      View Details
    • Value Estimation by Request
      3.69 Acres

      Hampton Rd

      Land • 3.69 Acres
      0 Hampton Rd, Berlin, MD 21811
      View Details
    • Value Estimation by Request
      204.31 Acres

      11401 Country Clb Dr

      COMMERCIAL (GENERAL) • 204.31 Acres
      11401 Country Clb Dr, Berlin, MD 21811-2448
      View Details

    Similar Nearby for Sale

    • $529,000

      Land for Sale in Berlin

      Land available in Berlin, Maryland.
      23 Hampton Rd, Berlin, MD 21811
      View Details
    • $119,900
      Pending

      Land for Sale

      Land available in Ocean Pines, Maryland.
      34 Robin Hood Trl, Ocean Pines, MD 21811
      View Details
    • $449,999

      Land For Sale

      Land available for sale in Berlin, Maryland.
      10104 Sweet As Sugar Ln, Berlin, MD 21811
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space on Route 50

      Retail space available on Route 50 in Berlin, MD.
      11408 Ocean Gtwy, Berlin, MD 21811
      View Details
    • Contact for pricing

      Medical Office Space Near Hospital

      Medical/Professional office space near Atlantic General Hospital. 3,120 GSF Available.
      9954 North Main St, Berlin, MD 21811
      View Details
    • Contact for pricing

      Prime Retail Spaces Available

      Three retail spaces for lease in Ocean Landings II.
      11328 Samuel Bowen Blvd, Berlin, MD 21811
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Newport Bay Dr
    Berlin, MD 21811
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Newport Bay Dr, Berlin, MD, 21811
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!