Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Westminster, MD Title is generated by Realmo AI

    OAK AVE lot 22 & 24, Westminster, MD 21157

    View on Map
    Claim this Listing
    For Sale
    $180,000

    LAND - WESTMINSTER, MD

    Lot size:
    0.17 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    242
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for OAK AVE lot 22 & 24

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    874

    We can help!

    Listing Contact
    Nickolas Robert Prell

    Listing agent Nickolas Robert Prell License #5004997

    Listing office RE/MAX Solutions 1431 N Main Street, 1431 N MAIN ST, MD

    Listing date Sep 22, 2025

    MLS# MDCR2030286 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Westminster, MD.
    • Convenient access to Routes 140, 97, and I‑70.
    • Opportunity to build a forever home.
    • Potential for investment portfolio expansion.
    • Access to all the charm of Downtown Westminster.
    • Two lots included (Lots 22 & 24 Oak Avenue).

    Overview

    Located in Westminster, Maryland, lots 22 and 24 on Oak Avenue offer various possibilities. The lots provide convenient access to Routes 140, 97, I-70, and Downtown Westminster. The combined lots are suitable for building a home or expanding an investment portfolio. The total lot size is 0.1722 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.97708
    Latitude
    39.56217

    Nearby Similar for Sale

    • $599,500
      3,000 SF

      WESTMINSTER Office Building For Sale

      Renovated office building in the heart of Westminster, Maryland.
      611 NURSERY Road, WESTMINSTER, MD 21157
      View Details
    • $599,500
      3,000 SF

      Renovated Office Building in Westminster

      Professional office space suitable for medical or commercial use.
      611 NURSERY Rd, Westminster, MD 21157
      View Details
    • $199,000

      Ready-to-Build Westminster Apartment Opportunity

      Approved lot for a 4-unit apartment building in Westminster.
      288 E MAIN Street, WESTMINSTER, MD 21157
      View Details
    • $1,750,000

      130-Acre Westminster Farm with Income Potential

      Rare 130-acre farm with two homes and multiple outbuildings.
      3026 MARSTON RD, WESTMINSTER, MD 21157
      View Details
    • $1,750,000

      130-Acre Westminster Farm with Income Potential

      130-acre farm with cropland, woodland, two homes, and outbuildings.
      3026 MARSTON RD, WESTMINSTER, MD 21157
      View Details
    • $235,000

      Residential Lot in Pool Ridge Estates

      1.2-acre lot in Carroll County, ready for your dream home.
      HAZELDYNE Court lot: 13, WESTMINSTER, MD 21157
      View Details
    • $1,794,000

      Turnkey Restaurant Business Opportunity

      Profitable Italian restaurant business for sale in Westminster, Maryland.
      132 W MAIN Street, WESTMINSTER, MD 21157
      View Details
    • $164,990

      Wooded Lot For Dream Home

      3.5 acre wooded lot ready for your dream home.
      2849 MANCHESTER Road, WESTMINSTER, MD 21157
      View Details
    • $999,000

      Land in Prime Carroll County

      Two lots totaling 33.72 acres in Westminster, Maryland.
      BEAR BRANCH Road, WESTMINSTER, MD 21157
      View Details
    • $290,000
      1,376 SF

      Well-Maintained Duplex in Westminster, MD

      Duplex with income potential and flexible living options.
      71 BOND Street, WESTMINSTER, MD 21157
      View Details
    • $299,000
      2,016 SF

      Westminster Religious Facility on 2.15 Acres

      2,016 SF religious facility on 2.15 acres in Westminster.
      346 OLD NEW WINDSOR Pike, Westminster, MD 21157
      View Details
    • $125,000

      Residential Land in Westminster, MD

      Wooded lot in established neighborhood, Westminster, Maryland.
      TRACY Court lot: 97, WESTMINSTER, MD 21157
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two lots in Westminster, MD, with convenient access to amenities.
    Where is this residential land & home lot located?
    The property is located at OAK AVE lot 22 & 24 Westminster, MD.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Prime location in Westminster, MD.; Convenient access to Routes 140, 97, and I‑70.; Opportunity to build a forever home.
    (443) 789-9200
    We can help!
    Listing Contact
    Nickolas Robert Prell
    Real Estate License ID: 5004997
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    OAK AVE lot: 22 & 24, WESTMINSTER, MD 21157
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!