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Property profile & analytics
OFF-MARKET
Specialty properties
8219 Stephen Decatur Hwy, Berlin, MD 21811-2662
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-0161605
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1999
Construction
BRICK
Total area
3,035 SF
Lot
9.13 ac (397,703 SF)
Zoning code
E-1
APN
10-769291
UPID
US40-0161605
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
-
Maryland Coastal Bays Program Charitable Organization Social Service Agency
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
Todd E Burbage · 1 yrs held
Todd E Burbage
since 2025
7 recorded transactions
Zoning & alternative use
E-1 · Berlin, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,677
Tax year 2023
Assessed value
$384,200
Assessed 2023
Previous assessed
$384,200
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$228,200
Assessed improvement
$156,000
Land market value
$228,200
Improvement market value
$156,000
Total market value
$384,200
Applied tax rate
10.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
11
Total area
3,035 SF
Lot
9.13 ac (397,703 SF)
Zoning code
E-1
APN
10-769291
UPID
US40-0161605
Jurisdiction
WORCESTER
Zoning & alternative use
E-1 · Berlin, MD
Zoning E-1 · permitted uses
E-1 · Berlin, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
11
Lot
9.13 ac
Current owner
From public records · entity-resolved
Todd E Burbage
Individual
Free & Clear · 1 yrs held
Mailing address
9919 STEPHEN DECATUR HWY, OCEAN CITY, MD 21842-9367
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Todd E Burbage
Ayres Creek Family Farm LLC
Deed
—
Jan 5, 2024
—
Ayres Creek Family Farm LLC
—
Deed
related
$3,040,000 · Bank Of Ocean City
Oct 9, 2018
—
Ayres Creeke Family Farm LLC
Ayres Crk Fam Farm Prop LLC
Quit Claim Deed
—
Nov 12, 2014
—
Ayres Creek Family Farm Proper
Ayres Creek Family Farm Proper
Quit Claim Deed
—
Feb 14, 2014
$1,350,000
Ayres Creek Family Farm Props
Novo Realty LLC
Grant Deed
$1,000,000 · Cnb
Dec 1, 2011
$2,311,167
Novo Realty LLC
Pine Shore Golf-south INC
Deed In Lieu Of Foreclosure
related
—
Sep 20, 2007
—
Pine Shore Golf South INC
—
Deed Of Trust
related
$6,300,000 · Cecil Fsb
May 1, 2000
$1,000,000
Pine Shore Golf South INC
Mumford,charles E
Trustees Deed
$1,600,000 · Peninsula Bank
—
—
Ayres Creek Family Farm LLC
—
Deed Of Trust
related
$1,280,000 · Bank Of Ocean Cty
—
—
Ayres Creek Family Farm LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of Ocean Cty
—
—
Pine Shore Golf - Shore INC
—
Deed Of Trust
related
$200,000 · Peninsula Bank
—
—
Pien Shore Golf South INC
—
Deed Of Trust
related
$100,000 · Peninsula Bank
—
—
Pine Shore Golf South INC
—
Deed Of Trust
related
$4,000,000 · Carrollton Bank
—
—
Ayres Creek Family Farm LLC
—
Deed Of Trust
related
$3,040,000 · Bank Of Ocean Cty
—
—
Pine Shore Golf South INC
—
Deed Of Trust
related
$400,000 · Peninsula Bank
—
—
Pine Shore Golf South INC
—
Deed Of Trust
related
$6,300,000 · Cecil Fsb
—
—
Pine Shore Golf-shore INC
—
Deed Of Trust
related
$300,000 · Carrollton Bank
—
—
Pine Shore Golf South INC
—
Deed Of Trust
related
$440,000 · Peninsula Bank
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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