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    FOR LEASE
    Medical Office Space

    11107 Cathage Rd, Berlin, MD 21811

    71,760 SF 5.84 ac lot Built 2022
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US40-1828851
    Property summary
    AI-generated overview

    This Class A, 70,271 square foot office building in Berlin, Maryland, offers multiple tenancy options within a vibrant medical community. Located at 11107 Cathage Rd, 21811, this Worcester County property boasts 23,579 square feet of immediately available space, divisible into units ranging from 2,500 to 23,579 square feet. The building features both ground floor (4,574+ sq ft) and second floor (19,005+ sq ft) options, ideal for medical practices, executive offices, traditional office setups, or coworking spaces. Its convenient location offers easy access to Route 90 and Route 589, placing it within close proximity to Berlin Main Place Medical Park and Atlantic General Hospital. The Delmarva Health Pavilion is a brand-new building, currently home to Tidal Health and Peninsula Orthopedic Associates, providing an established and reputable environment for new tenants. The property is categorized as Medical Office, Executive Office, and Traditional Office space, offering flexibility for various business needs. Lease rates start at $22 per square foot, NNN. This presents a unique opportunity to establish a presence in a thriving medical hub.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2022
    Total area 71,760 SF
    Lot 5.84 ac (254,390 SF)
    Zoning code C1
    APN 03-768677
    UPID US40-1828851
    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
    • Stephen Pavlos Physician
    • Ana Mata-Fink, MD Physician
    • Scott Gelman, MD Physician
    • Peninsula Orthopaedic Associates Medical Clinic
    • Joseph Alan Cinderella Physician
    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
    Coastal Venture Properties LLC · 5 yrs held
    Coastal Venture Properties LLC
    since 2020
    2 recorded transactions
    2020
    2018
    Zoning & alternative use
    C1 · Berlin, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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