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    Property profile & analytics

    Racetrack Rd Berlin, MD 21811

    • Commercial land
    • 15.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 13, 2021
    $1,750,000
    Location Intelligence
    Property ID
    US40-1979680
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for Racetrack Rd

    Lot size
    15.24 lot acres
    Zone code
    C2
    Property type
    Commercial land
    APN
    03-169863
    APU
    3169863

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1647
    Latitude
    38.3655
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,498
    $0.00
    $0.00
    $1,506,000
    -
    $1,706,000
    $0.00
    $1,706,000

    Comparable in this City

    • Value Estimation by Request
      0.91 Acres

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    • Value Estimation by Request
      0.87 Acres

      Grays Cor Rd

      VACANT COMMERCIAL LAND • 0.87 Acres
      Grays Cor Rd, Berlin, MD 21811
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    • Value Estimation by Request
      0.50 Acres

      Grays Cor Rd

      VACANT COMMERCIAL LAND • 0.50 Acres
      Grays Cor Rd, Berlin, MD 21811
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    • Value Estimation by Request
      0.74 Acres

      Nelson St

      VACANT COMMERCIAL LAND • 0.74 Acres
      Nelson St, Berlin, MD 21811
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    • Value Estimation by Request
      1.53 Acres

      11211 Grays Cor Rd

      VACANT COMMERCIAL LAND • 1,792 SF
      11211 Grays Cor Rd, Berlin, MD 21811-3163
      View Details
    • Value Estimation by Request
      2.21 Acres

      11201 Grays Cor Rd

      VACANT COMMERCIAL LAND • 1,044 SF
      11201 Grays Cor Rd, Berlin, MD 21811-3163
      View Details

    Similar Nearby for Sale

    • $1,300,000

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      Commercial land available in Berlin, Maryland.
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    • New
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      Commercial Lot in Ocean Pines

      1.36-acre commercial lot zoned C-2 in desirable Ocean Pines.
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    • New
      $1,250,000
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      Prime Land in Berlin, MD

      2.72 acre commercial land with high visibility and utilities.
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      Commercial Land For Sale

      Commercial land available for sale.
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    Similar Nearby for Lease

    • $215 SF/Yr
      40,000 SF

      Berlin, MD Office Space for Lease

      Professional Office Suites Available, 707-6358 SF
      11204 Racetrack Rd, Berlin, MD 21811
      View Details
    • $28 SF/Yr

      Prime Retail Space Available

      Retail spaces available in Ocean Landings II shopping center.
      11328 Samuel Bowen Blvd, Berlin, MD 21811
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    • $26 SF/Yr
      12,869 SF

      Retail Space in Penington Commons

      Former Rite Aid in heavily trafficked shopping center.
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    • Contact for pricing
      2,000 SF

      Retail Space on Route 50

      Retail space available on Route 50 in Berlin, MD.
      11408 Ocean Gtwy, Berlin, MD 21811
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    • $26 SF/Yr

      Retail Space in Ocean Pines

      Former Rite Aid in Penington Commons Shopping Center.
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    • $18 SF/Yr
      3,120 SF

      Professional Office Space in Berlin

      Well-maintained office space available for sublease in Berlin, MD.
      9954 Main St, Berlin, MD 21811
      View Details
    Request Owner's contact information
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    Racetrack Rd
    Berlin, MD 21811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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