Property profile

10218 Racetrack Rd Berlin, MD 21811

OFF-MARKET
Turn key restaurants
Property ID
US40-0754445
20,249 SF 166.55 ac lot Built 1979
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction BRICK
Total area 20,249 SF
Lot 166.55 ac (7,254,918 SF)
Zoning code A2
APN 03-011887
UPID US40-0754445

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
  • Bar & Pub Restaurant
  • Restaurant
  • Carpet & Flooring Store Hardware & Home Improvement
  • Hotel & Motel Resort
  • Hotel & Motel Resort

Location

10218 Racetrack Rd Berlin, MD 21811-3210
Berlin metro Census 950900 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
$4.37M
Blend (final) Blend
$4.38M

Owner & transaction history

since 2010
2 recorded transactions
2017
Price N/A
2010
$19.0M

Zoning & alternative use

A2 · Berlin, MD
Top alternative use upside
Office building $4.3M +46.6%
Industrial (general) $3.9M +34.5%
Commercial (general) $3.5M +18.2%

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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