11107 Cathage RdBerlin, MD 21811

Property Details for 11107 Cathage Rd

Year built

2022

Lot size

5.84 AC

Property size (Sq ft)

71,760 SF

Zone code

C1

Property type

Healthcare properties

Property subtype

Medical offices

APN

03-768677

APU

3768677

Description

This Class A, 70,271 square foot office building in Berlin, Maryland, offers multiple tenancy options within a vibrant medical community. Located at 11107 Cathage Rd, 21811, this Worcester County property boasts 23,579 square feet of immediately available space, divisible into units ranging from 2,500 to 23,579 square feet. The building features both ground floor (4,574+ sq ft) and second floor (19,005+ sq ft) options, ideal for medical practices, executive offices, traditional office setups, or coworking spaces. Its convenient location offers easy access to Route 90 and Route 589, placing it within close proximity to Berlin Main Place Medical Park and Atlantic General Hospital. The Delmarva Health Pavilion is a brand-new building, currently home to Tidal Health and Peninsula Orthopedic Associates, providing an established and reputable environment for new tenants. The property is categorized as Medical Office, Executive Office, and Traditional Office space, offering flexibility for various business needs. Lease rates start at $22 per square foot, NNN. This presents a unique opportunity to establish a presence in a thriving medical hub.

• CAP approach

  CAP return

  Valuation

  6%

  $18,815,908

  6.5%

  $17,368,532

  7%

  $16,127,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,376,162

  Geo Method

  $9,376,162

• Alternative Use

  Use

  Valuation

  Residential

  $21,536,978

  Hospitality

  $19,727,756

  Educational

  $16,413,262

  Medical

  $16,977,740

  Retail

  $25,531,740

Location Insight

City

Berlin

County

Worcester

State

Maryland

Latitude

38.3835

Longitude

-75.1721

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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