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    137 Westminster Ave Westminster, MD 21157

    Sponsored
    For Sale
    $350,000

    High-yield storage units, prime location.

    Property size:
    5,480 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 5,480 square foot mixed-use building situated on a 0.17-acre lot at 137 Westminster Avenue in Westminster, Maryland. The property comprises seventeen secure, enclosed storage units, sixteen of which are currently leased, generating immediate positive cash flow. The two-level brick building offers substantial rental income potential with low maintenance and overhead costs, making it an attractive proposition for small investors seeking a reliable, high-return asset. The units are conveniently accessed from the ground level via public street access. Large garage bays are also included, providing ample space for various uses. Located within the city limits of Westminster, this property benefits from a desirable location and strong rental demand. The existing tenant base provides immediate income, minimizing vacancy risk and maximizing return on investment. This property is ideal for an investor seeking a low-maintenance, high-yield investment or an owner/contractor requiring storage space with supplemental rental income. The substantial square footage and multiple units offer significant flexibility and growth potential. This is a rare opportunity to acquire a proven income-producing asset in a thriving Maryland market.

    Property Features for 137 Westminster Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,480 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    RS Auto Repair ... Mechanic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.99506
    Latitude
    39.57103

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield storage units, prime location.
    Where is this mixed-use property located?
    The property is located at 137 Westminster Ave Westminster, MD.
    What is the asking price?
    The asking price for this property is $350,000.
    (410) 823-0033
    Request Owner's contact information
    137 Westminster Ave Westminster, MD 21157
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    Westminster, MD 21157
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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
    137 Westminster Ave Westminster, MD 21157
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