Property profile

9040 Worcester Hwy Berlin, MD 21811

OFF-MARKET
Strip malls
Property ID
US40-0061363
11,240 SF 7.81 ac lot Built 1961
Entity Owned 23-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1961
Construction BRICK
Total area 11,240 SF
Lot 7.81 ac (340,204 SF)
Zoning code B-1
APN 03-020312
UPID US40-0061363

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Bar & Pub
  • Sports Field & Court Sports School

Location

9040 Worcester Hwy Berlin, MD 21811-3020
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
$845k

Owner & transaction history

since 2003
4 recorded transactions
2018
Price N/A
2003
$850,000
2002
$225,000
1969
Price N/A

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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