Property profile

16 Main St Berlin, MD 21811

OFF-MARKET
Retail space
Property ID
US40-1248053
2,954 SF 0.11 ac lot Built 1960
Entity Owned 26-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction BRICK
Total area 2,954 SF
Lot 0.11 ac (4,852 SF)
Zoning code B-1
APN 03-029395
UPID US40-1248053

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
  • Training Center
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Art Studio
  • Poultry Farm

Location

16 Main St Berlin, MD 21811-1466
Berlin metro Census 951000 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
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 1999
1 recorded transaction
1999
$155,000

Zoning & alternative use

B-1 · Berlin, MD
Zoning description

The purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations.

General category UNKNOWN

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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