Technical
Financial
Distress signals
Property profile

11047 Racetrack Rd B Berlin, MD 21811

OFF-MARKET
Office Spaces
Property ID
US40-1669630
0.23 ac lot Built 1984
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1984
Lot 0.23 ac (10,028 SF)
APN 03-165388
UPID US40-1669630

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
  • Home Health Care Service Assisted Living Facility
  • Business Service Center Advocacy Group
  • Law Firm
  • Law Firm

Location

11047 Racetrack Rd, Unit B Berlin, MD 21811-3000
Berlin metro Census 950900 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$930k

Owner & transaction history

since 2025
Last sale
$725,000
4 recorded transactions
2025
Price N/A
2025
$925,000
2020
$725,000
2008
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11047 Racetrack Rd, Unit B?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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