Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 BOND St Westminster, MD 21157

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr

    Flexible commercial space in historic Westminster, suitable for various uses.

    Type:Commercial
    Property size:
    4,631 SF
    Added:
    Mar 29, 2026
    Days on Market:
    32
    Last Refresh:
    Mar 29 at 4:17 am

    Property Features for 2 BOND St

    General Information

    Standard status
    Active
    Size
    4,631 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    Thomas B Maley

    Listing agent Thomas B Maley License #656646

    Listing office Cummings & Co. Realtors

    Listing date Mar 29, 2026

    Source Elliman

    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 Cummings & Co. Realtors

    Overview

    Renovated Commercial Space in Westminster

    Located in the heart of Historic Westminster, 2 Bond Street presents a newly renovated commercial lease opportunity. The flexible space is suitable for retail, service, office, or a variety of other commercial uses. The property is positioned at the intersection of Main Street and Bond Street, offering strong visibility, easy access, and ample parking for customers and staff. The available space ranges from approximately 990 square feet for $990 per month, and can be expanded up to 4,631 square feet for $4,631 per month, depending on specific requirements. The location has a Walk Score of 48, indicating it is car-dependent, a Bike Score of 36, indicating it is somewhat bikeable, and a Transit Score of 15, indicating minimal transit options.
    Location Intelligence

    Current Use by Public Records

    Ayo Boutique clothing ... Clothing Store Chocolate Art Form, ... Alternative Medicine Practice Elite Painting & Drywall Painting Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon 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
    -76.9976569
    Latitude
    39.5764102

    Nearby Similar for Lease

    • $20 SF/Yr

      Retail Space in Westminster Landmark

      Retail space available for lease in a prime location.
      534 JERMOR Lane, WESTMINSTER, MD 21157
      View Details
    • $5,020/Mo

      Commercial Space in Westminster, MD

      Commercial space available for lease in Westminster, Maryland.
      41 MAGNA Way, WESTMINSTER, MD 21157
      View Details
    • $1,705/Mo

      Westminster Office Space For Lease

      Office space in Westminster near McDaniel College and Carroll Hospital.
      511 JERMOR Lane, WESTMINSTER, MD 21157
      View Details
    • $2,580/Mo

      Retail Space in Westminster Mall

      Retail space in a busy, friendly Westminster building.
      9 E MAIN St 103, Westminster, MD 21157
      View Details
    • $1,200/Mo

      Boutique Office Suite in Westminster

      Recently renovated office suite with private offices, kitchen, and shower.
      229 E MAIN St E A, Westminster, MD 21157
      View Details
    • $14 SF/Yr

      Retail Spaces in Westminster Landmark

      Three retail spaces available for lease in Westminster, Maryland.
      520 JERMOR Lane, WESTMINSTER, MD 21157
      View Details
    • $860/Mo

      Downtown Westminster Office Suite Rental

      Small, centrally located office suite in Downtown Westminster.
      77 E MAIN St 202, Westminster, MD 21157
      View Details
    • $13 SF/Yr

      Westminster Flex/Warehouse Space Available

      Flex/warehouse space for lease in Westminster, Maryland.
      110 Airport Drive, Westminster, MD 21157
      View Details
    • $20 SF/Yr

      Retail Spaces in Westminster Landmark

      Two retail spaces available for lease in Westminster, Maryland.
      601 JERMOR Lane, WESTMINSTER, MD 21157
      View Details
    • Sponsored
      Contact for pricing

      MD, Westminster - E Main St

      66 Main St, Westminster, MD 21157
      View Details
    • $11 SF/Yr

      Manufacturing/Warehouse Space in Westminster, MD

      Manufacturing/warehouse building for lease in Westminster, Maryland.
      861 Baltimore Boulevard, Westminster, MD 21157
      View Details
    • $295 SF/Yr

      Executive Office Suites in Westminster

      Executive office suites available for lease in Westminster, Maryland.
      909 Baltimore Blvd, Westminster, MD 21157
      View Details

    FAQs

    What type of property is this?
    Retail space - Flexible commercial space in historic Westminster, suitable for various uses.
    Where is this retail space located?
    The property is located at 2 BOND St Westminster, MD.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Flexible commercial space suitable for retail, service, or office use.; Prime location at the intersection of Main Street and Bond Street in Historic Westminster.; Strong visibility and easy access.
    (410) 274-3326
    We can help!
    Listing Contact
    Thomas B Maley
    Real Estate License ID: 656646
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!