Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    11029 Cathell Rd Berlin, MD 21811-9328

    • Office buildings
    • 1,994 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Last Sale
    Jun 14, 2023
    $425,000
    Location Intelligence
    Property ID
    US40-1971254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cathell Storage Yard / Storage Facility / Automobile Storage Facility
    • Pines Property Management, Inc / Property Management Company
    • Villas of Ocean Pines / Resort Hotel / Real Estate Rental Agency
    • CoolVacay / Vacation Home Rental Agency
    • Ocean Pines Tax Services / Tax Preparation Service

    Property Details for 11029 Cathell Rd

    Year built
    1978
    Construction
    BRICK
    Lot size
    0.92 lot acres
    Property size
    1,994 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    03-011283
    APU
    3011283

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $470,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $530,000
      Mixed-Use
      $505,000
      Hospitality
      $425,000
      Educational
      $385,000
      Residential Income
      $395,000
      Energy
      $420,000
      Income-Based Land
      $495,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1715
    Latitude
    38.3794
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,966
    $0.00
    $0.00
    $312,533
    -
    $184,000
    $131,100
    $315,100

    Comparable in this City

    • Value Estimation by Request
      3,050 SF

      11002 Cathell Rd

      OFFICE BUILDING • 3,050 SF
      11002 Cathell Rd, Berlin, MD 21811-9328
      View Details
    • Value Estimation by Request
      4,171 SF

      11001 Manklin Mdws Ln

      OFFICE BUILDING • 4,171 SF
      11001 Manklin Mdws Ln, Berlin, MD 21811-9305
      View Details
    • Value Estimation by Request
      7,308 SF

      12724 Airport Rd

      OFFICE BUILDING • 7,308 SF
      12724 Airport Rd, Berlin, MD 21811-2420
      View Details
    • Value Estimation by Request
      1,728 SF

      11209 Adkins Rd

      OFFICE BUILDING • 1,728 SF
      11209 Adkins Rd, Berlin, MD 21811-3105
      View Details
    • Value Estimation by Request
      2,796 SF

      11220 Beauchamp Rd

      OFFICE BUILDING • 2,796 SF
      11220 Beauchamp Rd, Berlin, MD 21811-3108
      View Details
    • Value Estimation by Request
      1,800 SF

      10535 Ocean Gtwy

      OFFICE BUILDING • 1,800 SF
      10535 Ocean Gtwy, Berlin, MD 21811-3534
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,600 SF

      Berlin Office Warehouse Investment Opportunity

      6,600 SF building with 4 units, ideal for investment.
      10545 Friendship Rd, Berlin, MD 21811
      View Details
    • $735,000
      3,528 SF

      Ocean Pines Executive Office Suite

      Prime Ocean Pines Office, Updated 2022
      11022 Nicholas Ln, Ocean Pines, MD 21811
      View Details
    • Contact for pricing
      70,271 SF

      Medical/Professional Office Space Available

      Medical/Professional office space for sale near Route 90 and 589.
      11107 Cathage Rd, Berlin, MD 21811
      View Details
    • Contact for pricing
      5.84 Acres

      Berlin Medical Office Space for Lease

      Prime Medical Office, 23,579+ RSF Available
      11107 Cathage Rd, Berlin, MD 21811
      View Details
    • Contact for pricing

      Berlin Office Space - High Visibility

      Prime Berlin office, 2648 sq ft, NNN lease.
      314 Franklin Ave, Berlin, MD 21811
      View Details
    • Contact for pricing

      Prime Berlin Office Space Available

      Modern offices, various sizes, convenient location.
      11204 Racetrack Rd, Berlin, MD 21811
      View Details

    Similar Nearby for Lease

    • $215 SF/Yr
      40,000 SF

      Berlin, MD Office Space for Lease

      Professional Office Suites Available, 707-6358 SF
      11204 Racetrack Rd, Berlin, MD 21811
      View Details
    • $29 SF/Yr

      Medical Office Building Opportunity

      Proposed medical office building near Atlantic General Hospital.
      Old Ocean City Blvd, Berlin, MD 21811
      View Details
    • $3,400 /Mo

      Office Suite in Taylorville Center

      Office suite with high exposure and ample parking available.
      10441 Racetrack Rd, Berlin, MD 21811
      View Details
    • $2,850 /Mo

      Berlin Professional Center Office Space

      Office space in Berlin Professional Center with medical setup.
      314 Franklin Ave, Berlin, MD 21811
      View Details
    • $18 SF/Yr
      3,120 SF

      Professional Office Space in Berlin

      Well-maintained office space available for sublease in Berlin, MD.
      9954 Main St, Berlin, MD 21811
      View Details
    • $28 SF/Yr

      Prime Retail Space Available

      Retail spaces available in Ocean Landings II shopping center.
      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.
    11029 Cathell Rd
    Berlin, MD 21811-9328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.