Property profile

11107 Cathage Rd Berlin, MD 21811

FOR SALE
Medical Office Space
Property ID
US40-1828851
71,760 SF 5.84 ac lot Built 2022
Entity Owned 5-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Medical Clinic
  • Physician

Location

11107 Cathage Rd Berlin, MD 21811
Berlin metro Census 950600 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2018
Price N/A

Zoning & alternative use

C1 · Berlin, MD

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
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