Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28 Liberty St, Unit RETAIL Westminster, MD 21157

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,637 /Mo

    Commercial space ideal for office or retail in Westminster.

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    William Zahler
    Source: Elliman

    Listing Agent: William Zahler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Westminster Commercial Space For Rent

    Commercial space is available one block from Main Street in Westminster, Maryland. The space is suitable for use as office space or a retail storefront and is available as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LMJ Beauty Bar Beauty Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -76.9976679
    Latitude
    39.574486

    Nearby Similar for Lease

    • $20 SF/Yr
      65,340 SF

      Retail Spaces in Westminster Landmark

      Two retail spaces available for lease in Westminster, Maryland.
      601 Jermor Ln, Westminster, MD 21157
      View Details
    • $1,100 /Mo
      5,227 SF

      Renovated Office Space in Westminster

      Recently renovated office space in historic Westminster, MD.
      229 E Main St Unit, Westminster, MD 21157
      View Details
    • $1,705 /Mo
      65,340 SF

      Westminster Office Space For Lease

      Office space in Westminster near McDaniel College and Carroll Hospital.
      511 Jermor Ln, Westminster, MD 21157
      View Details
    • $875 /Mo
      5,227 SF

      Downtown Westminster Office Space Available

      Recently renovated office suite in historic downtown Westminster.
      229 E Main St Unit, Westminster, MD 21157
      View Details
    • $14 SF/Yr
      65,340 SF

      Retail Spaces in Westminster Landmark

      Retail spaces available for lease in a prime Westminster location.
      520 Jermor Ln, Westminster, MD 21157
      View Details
    • $850 /Mo
      15,246 SF

      Renovated Office Space in Westminster

      Commercial property in Historic Westminster, MD, with renovated office space.
      257 E Main St, Westminster, MD 21157
      View Details
    • $19 SF/Yr
      3,467 SF

      Carroll Plaza Office Suites Available

      Prime Carroll County Office Space, Flexible Sizes
      250 Englar Rd, Westminster, MD 21157
      View Details
    • Contact for pricing
      150 SF

      Westminster Retail Space Available

      Retail space available in TownMall of Westminster.
      400 N Center St, Westminster, MD 21157
      View Details
    • $20 SF/Yr
      37,580 SF

      Winchester Exchange: Westminster Office Space

      Downtown Westminster Office Suite - 1,050 SF Available
      15 Main St, Westminster, MD 21157
      View Details
    • Contact for pricing
      111,493 SF

      Westminster Flex Space Available

      Flex, office, and warehouse spaces available for lease.
      and Business Pky Airport Dr, Westminster, MD 21157
      View Details
    • Contact for pricing
      4,622 SF

      Westminster Flex/Industrial Space Available

      Flex, industrial, warehouse, and office spaces for lease.
      1135 Business Pkwy S, Westminster, MD 21157
      View Details
    • $3,718 /Mo

      Westminster Flex Space For Rent

      5,250 SF flex space in Westminster Trade Center.
      150 Airport Dr, Westminster, MD 21157
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial space ideal for office or retail in Westminster.
    Where is this office space located?
    The property is located at 28 Liberty St, Unit RETAIL Westminster, MD.
    What are key features of this property?
    This property features: - Commercial space available; - Located just one block from Main Street Westminster; - Ideal for office space
    (301) 663-8383
    Request Owner's contact information
    28 Liberty St, Unit RETAIL Westminster, MD 21157
    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.
    28 Liberty St, Unit RETAIL
    Westminster, MD 21157
    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
    28 Liberty St, Unit RETAIL Westminster, MD 21157
    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

    We can help!
    Listing Contact
    William Zahler
    (301) 663-8383
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.