Property profile

11198 Racetrack Rd Berlin, MD 21811

OFF-MARKET
Office buildings
Property ID
US40-1130483
15,480 SF 4.38 ac lot Built 1999
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction BRICK
Total area 15,480 SF
Lot 4.38 ac (190,793 SF)
Zoning code C2
APN 03-004767
UPID US40-1130483

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11198 Racetrack Rd Berlin, MD 21811
Berlin metro Census 950700 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.85M
Blend (final) Blend
$5.85M

Owner & transaction history

Zoning & alternative use

C2 · Berlin, MD
Top alternative use upside
Retail stores $5.0M +30.4%

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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