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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Office buildings
114 Bryan Ave Berlin, MD 21811-1102
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1028861
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
BRICK
Total area
1,508 SF
Lot
0.36 ac (15,501 SF)
Zoning code
M-1
APN
03-031632
UPID
US40-1028861
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
Solito Properties LLC · 3 yrs held
Solito Properties LLC
since 2022
Last sale
$875,000
4 recorded transactions
Zoning & alternative use
M-1 · Berlin, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for certain types of business and industry, characterized by light manufacturing, fabricating, warehousing and wholesale distribution which are relatively free from offense and which, with the proper landscaping and buffering, will not detract from residential or commercial desirability of adjacent properties. It is inten…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
78.04 ac
Source
Realmo
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
Method
Estimation
Statistic approach
$1,005,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $875k (Sep 14 2022)
Last sale anchor
$875k
Sep 14 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$627 / SF
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
$2,568
Tax year 2023
Assessed value
$143,900
Assessed 2023
Previous assessed
$89,400
+61.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$131,700
Assessed improvement
$12,200
Land market value
$131,700
Improvement market value
$12,200
Total market value
$143,900
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
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,508 SF
Lot
0.36 ac (15,501 SF)
Zoning code
M-1
APN
03-031632
UPID
US40-1028861
Jurisdiction
WORCESTER
Zoning & alternative use
M-1 · Berlin, MDZoning M-1 · permitted uses
M-1 · Berlin, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for certain types of business and industry, characterized by light manufacturing, fabricating, warehousing and wholesale distribution which are relatively free from offense and which, with the proper landscaping and buffering, will not detract from residential or commercial desirability of adjacent properties. It is intended that such districts be located with access to major thoroughfares or other major means of transportation, depending upon the specific demands of the industry being served. Industrial parks are encouraged in this district to provide for industrial uses with common access and infrastructure, as well as the provision of open space and adequate buffering to adjacent non-compatible uses.
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
78.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Solito Properties LLC
Entity
Mailing address
11464 MAID AT ARMS LN, BERLIN, MD 21811-1642
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$875,000
Solito Properties LLC
Perdue Agribusines Grain LLC
Deed
$644,000 · Bank Of Ocean City
Apr 5, 2018
—
Perdue Agribusiness Grain LLC
Perdue Agribusiness LLC
Quit Claim Deed
—
Sep 20, 2012
—
Perdue Grain & Oilseed LLC
Perdue Agribusiness INC
Quit Claim Deed
—
May 12, 2008
—
Perdue Agribusiness INC
Perdue Farms INC
Quit Claim 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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