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Property profile & analytics
OFF-MARKET
Office buildings
11029 Cathell Rd Berlin, MD 21811-9328
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1971254
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
BRICK
Total area
1,994 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C2
APN
03-011283
UPID
US40-1971254
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
-
Cathell Storage Yard Storage Facility
-
Pines Property Management, Inc Property Management Company
-
Villas of Ocean Pines Hotel & Motel Resort
-
CoolVacay Vacation Rental Real Estate Agency
-
Ocean Pines Tax Services Tax Preparation
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
Cathell LLC · 3 yrs held
Cathell LLC
since 2023
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
C2 · Berlin, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,966
Tax year 2023
Assessed value
$312,533
Assessed 2024
Previous assessed
$312,533
+0.0% YoY
Effective rate
0.95%
On assessed value
Land market value
$184,000
Improvement market value
$131,100
Total market value
$315,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,994 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C2
APN
03-011283
UPID
US40-1971254
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Berlin, MD
Zoning C2 · permitted uses
C2 · Berlin, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Cathell LLC
Entity
Mailing address
12507 SUNSET AVE STE #2, OCEAN CITY, MD 21842-9295
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
$425,000
Cathell LLC
George R Heffner III
Deed
$375,000 · George Heffner
Aug 26, 2008
—
George R Heffner
Heffner Frances M Trust
Quit Claim Deed
related
—
May 3, 2004
—
Wroman LLC
Buckwalter,ira & Betty C
Grant Deed
related
—
Dec 22, 2003
$500
Business Vacation Concepts INC
Graden,john C & Judy A
Grant Deed
related
—
Dec 22, 2003
—
Shawn Tunson
Midsouth INC
Grant Deed
related
—
Dec 18, 2003
$1,530
Billy Fox
Business Vacation Concepts INC
Grant Deed
related
—
Jun 20, 2003
—
German Language School For
Heldreth,william R & Joanna K
Grant Deed
related
—
Mar 5, 2003
$500,000
Emidsouth INC
Alwine,gail J
Grant Deed
—
Feb 19, 2003
—
Linda Cimmino
Midsouth INC
Grant Deed
related
—
Feb 19, 2003
$500
Stewart Ellis
Borough,alan K & Lois S
Grant Deed
related
—
Feb 4, 2003
—
Eastern Shore Land Co LLC
Nettles,walter
Grant Deed
related
—
Nov 6, 2002
$50,000
Emidsouth INC
Jones,kevin M & Sheila E
Grant Deed
—
Dec 7, 2001
$300
Walter Nettles
Promark/time-share Consulting
Grant Deed
related
—
Feb 15, 2001
$2,000
David Mcghee
Timeshare Wholesalers INC
Grant Deed
related
—
Feb 8, 2001
$500
Timeshare Wholesalers INC
International Timeshares INC
Grant Deed
related
—
Dec 12, 2000
—
Robert Rudolph
Vick,jack D & Sheila
Grant Deed
related
—
Jun 16, 2000
$100
International Tameshares INC
Stone,william O & Elizabeth P
Grant Deed
related
—
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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