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    Property profile & analytics

    Racetrack Rd Ocean Pines, MD 21811

    • Commercial real estate
    • 22.24 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1979911
    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 real estate

    Property Details for Racetrack Rd

    Lot size
    22.24 lot acres
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    03-128822
    APU
    3128822

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Pines
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1623
    Latitude
    38.3785
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      21.24 Acres

      11328 Samuel Bowen Blvd

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    • Value Estimation by Request
      3.14 Acres

      11407 Samuel Bowen Blvd

      COMMERCIAL (GENERAL) • 3.14 Acres
      11407 Samuel Bowen Blvd, Berlin, MD 21811-2243
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    • Value Estimation by Request
      890 SF

      138 Cannery Way

      COMMERCIAL (GENERAL) • 890 SF
      138 Cannery Way, Berlin, MD 21811-1239
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    • Value Estimation by Request
      1,582 SF

      132 Cannery Way

      COMMERCIAL (GENERAL) • 1,582 SF
      132 Cannery Way, Berlin, MD 21811-1239
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    • Value Estimation by Request
      1,582 SF

      131 Cannery Way

      COMMERCIAL (GENERAL) • 1,582 SF
      131 Cannery Way, Berlin, MD 21811-1234
      View Details
    • Value Estimation by Request
      890 SF

      146 Cannery Way

      COMMERCIAL (GENERAL) • 890 SF
      146 Cannery Way, Berlin, MD 21811-1239
      View Details

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      1.35 Acres

      Berlin Business Suite - High Visibility

      Prime Taylorville Center location, ample parking.
      10441 Racetrack Rd, Berlin, MD 21811
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    • Contact for pricing
      21.24 Acres

      Ocean City Retail Space Available

      High-traffic retail space near major anchors.
      11328 Samuel Bowen Blvd, Berlin, MD 21811
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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
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      Prime Retail Space Available

      Retail spaces available in Ocean Landings II shopping center.
      11328 Samuel Bowen Blvd, Berlin, MD 21811
      View Details
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      12,869 SF

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    • $29 SF/Yr

      Medical Office Building Opportunity

      Proposed medical office building near Atlantic General Hospital.
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      View Details
    • $3,400 /Mo

      Office Suite in Taylorville Center

      Office suite with high exposure and ample parking available.
      10441 Racetrack Rd, Berlin, MD 21811
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    • $28 SF/Yr
      123,534 SF

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      Neighborhood centers • 123,534 SF
      11328 Samuel Bowen Blvd, Berlin, MD 21811
      View Details
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    Racetrack Rd
    Ocean Pines, 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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