Functional Industrial Space For
For Sale
Contact for pricing
151 Airport Drive, Westminster, MD 21157
Industrial space with loading docks, drive-ins, and ample parking.
Property Size83,351 SF
Days on Market205
Property Features for 151 Airport Drive
General Information
Standard status
Active
Size
83,351 SF
Property subtype
Industrial
Zoning
IR
Building Details
Building Size
83,351 SF
Listed By:
Ketch Secor
(410) 821-8585
Source:
Mackenziecommercial
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 24 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ketch Secor
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Investment Insights
Based on property information with market context.
The property at 151 Airport Drive is available for lease, offering a functional industrial space equipped with modern amenities. It features flexible loading options, including both dock access and drive-in capabilities. A 2,000 square foot drive-thru area is equipped with oversized 16-foot by 24-foot doors. The property provides ample excess parking and land, along with full drive circulation around the site, facilitating convenient traffic flow and logistics. The building includes LED lighting, heavy power capacity, existing racking for storage efficiency, and gas heat, making it suitable for various industrial or distribution applications.
Key Highlights
- Flexible loading options with both dock access and drive‑ins, including a 2,000 SF drive‑thru with oversized 16’ x 24’ doors.
- Ample excess parking and land with full drive circulation around the site.
- Heavy power capacity suitable for various industrial or distribution needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$478,754
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,575,080
$9.6M
Cap Rate 7%
$6,839,343
$6.8M
Cap Rate 9%
$5,319,489
$5.3M
Market Conditions
NOI Build-Up for 83,351 SF
Gross rent
$690.1K $8.28/SF
− Vacancy
−$6.2K −$0.07/SF
EGI
$683.9K $8.21/SF
− OpEx
−$205.2K −$2.46/SF
NOI
$478.8K $5.74/SF
Area
Carroll County, MD
Vacancy
0.90%
Lease Rate
$8.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,575,080
Cap Rate 7%
$6,839,343
Cap Rate 9%
$5,319,489
Alternative Uses
Best Use
Warehouse
$8.30M
$7.27M – $9.69M
NOI $581,345 @ 7.0% cap · market cap 6,495,474.86%
Second Best
Industrial
$6.84M
$5.98M – $7.98M
NOI $478,754 @ 7.0% cap · market cap 5,349,206.70%
Theoretical Best
Office A
$30.91M
$27.05M – $36.06M
NOI $2,163,763 @ 7.0% cap · market cap 24,176,122.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21157, MD
38,584
Population
15,466
Households
2.5
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
497
Density / Sq Mi
$102,835
Median Household Income
$50,254
Median Earnings
$1,236
Median Rent
$394,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Runway Self Storage — 1030 Buckshot Rd, Westminster, MD 21158
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space with loading docks, drive-ins, and ample parking.
Where is this warehouse located?
The property is located at 151 Airport Drive Westminster, MD.
What are key features of this property?
This property features: Flexible loading options with both dock access and drive‑ins, including a 2,000 SF drive‑thru with oversized 16’ x 24’ doors.; Ample excess parking and land with full drive circulation around the site.; Heavy power capacity suitable for various industrial or distribution needs.
