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Property profile & analytics
OFF-MARKET
Strip malls
10818 Ocean Gtwy Berlin, MD 21811-3507
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-1753092
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Total area
9,840 SF
Lot
1.69 ac (73,616 SF)
Zoning code
C2
APN
03-017567
UPID
US40-1753092
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
-
David Hitch - State Farm Insurance Agent Insurance Agency
-
Berlin Beer/Wine & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Cigar Word (Bike/Boat/Book/etc) Store
-
Cigar World (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tej-shiv LLC · 9 yrs held
Tej-shiv LLC
since 2017
4 recorded transactions
Zoning & alternative use
C2 · Berlin, MD
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,569
Tax year 2023
Assessed value
$2,044,800
Assessed 2023
Previous assessed
$2,024,900
+1.0% YoY
Effective rate
0.96%
On assessed value
Land market value
$1,014,000
Improvement market value
$1,070,600
Total market value
$2,084,600
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,840 SF
Lot
1.69 ac (73,616 SF)
Zoning code
C2
APN
03-017567
UPID
US40-1753092
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Berlin, MDZoning C2 · permitted uses
C2 · Berlin, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Town Maps - Town of Berlin
Building & site characteristics
From public records
Year built
2013
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Tej-shiv LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1986 WINDSWEPT DR, DOVER, DE 19901-5826
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
$2,100,000
Tej-shiv LLC
Ocean Exchange II LLC
Grant Deed
—
Sep 30, 2003
$300,000
Ocean Exchange LLC
Scott,josephine H
Grant Deed
$175,000 · Josephine H Scott
—
—
Ocean Exchange II LLC
—
Deed Of Trust
related
$700,000 · Bank Of Del Mar Va
—
—
Ocean Exchange II LLC
—
Deed Of Trust
related
$1,400,000 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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