Pharmacy Retail
For Sale
Contact for pricing
205 Washington Rd, Westminster, MD 21157
Retail building in a medical center with an existing pharmacy lease in place.
Property Size3,128 SF
Price / SF$207.80
Days on Market148
Property Features for 205 Washington Rd
General Information
Standard status
Active
Size
3,128 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Listing Agency:
MacKenzie Commercial Real Estate | Columbia (MD)
(410) 598-2473
Listed By:
Dennis Boyle
(410) 598-2473
Source:
Moodyscre
Added: Mar 4
Changed: Jul 27
Last Checked: Jul 30 at 2:25PM
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 MacKenzie Commercial Real Estate | Columbia (MD)
Investment Insights
Based on property information with market context.
205 Washington Road is a retail building located in the Washington Heights Medical Center. The property includes 3,128 square feet and is currently leased with an existing pharmacy in place.
The building is described as being close to the hospital, with easy access from E. Main Street. For additional details, the property brochure is available for download.
The building is described as being close to the hospital, with easy access from E. Main Street. For additional details, the property brochure is available for download.
Key Highlights
- 3,128 SF retail building located in the Washington Heights Medical Center
- Existing lease in place with a pharmacy tenant
- Close to the hospital
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.6k | $21.60 |
| − Vacancy | −$4.3k | −$1.38 |
| EGI | $63.2k | $20.22 |
| − OpEx | −$19.0k | −$6.07 |
| NOI | $44.3k | $14.15 |
3,128 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$632.5K
$553.4K – $737.9K
NOI $44,273 @ 7.0% cap · market cap 6.81%
Second Best
Specialty Retail
$521.5K
$456.3K – $608.4K
NOI $36,506 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,202 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,595
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DaVita Carroll County Dialysis Facility — 193 Stoner Ave Ste 120, Westminster, MD 21157
- Anchor Pharmacy — 291 Stoner Ave, Westminster, MD 21157
- Dianne B. Kappes, RPH — 200 Memorial Ave, Westminster, MD 21157
- Jeffrey L. Disney, RPH — 205 Washington Heights Medicine Center, Westminster, MD 21157, Westminster, MD 21157
- Carroll Care Pharmacies — 291 Stoner Ave, Westminster, MD 21157
Frequently Asked Questions
What type of property is this?
Drug store - Retail building in a medical center with an existing pharmacy lease in place.
Where is this drug store located?
The property is located at 205 Washington Rd Westminster, MD.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,128 SF retail building located in the Washington Heights Medical Center; Existing lease in place with a pharmacy tenant; Close to the hospital
