Property profile

10103 Old Ocean City Blvd Berlin, MD 21811

OFF-MARKET
Warehouses
Property ID
US40-1987368
800 SF 0.67 ac lot Built 2023
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Construction BRICK
Total area 800 SF
Lot 0.67 ac (29,103 SF)
Zoning code B-2
APN 03-016625
UPID US40-1987368

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
  • Restaurant
  • Restaurant

Location

10103 Old Ocean City Blvd Berlin, MD 21811-1143
Berlin metro Census 951000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2021
Last sale
$475,000
1 recorded transaction
2021
$475,000

Zoning & alternative use

B-2 · Berlin, MD
Zoning description

The purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations, tourist home and produce stands.

General category COMMERCIAL

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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