Office Suite with Private
New
For Sale
Contact for pricing
229 E MAIN STREET E #J, Westminster, MD 21157
Two private offices and a reception area provide a defined layout for a professional practice or small team.
Property Size510 SF
Price / SF$1.23
Days on Market5
Property Features for 229 E MAIN STREET E #J
General Information
Standard status
Active
Size
510 SF
Property subtype
Commercial
Amenities
2 private offices
polished reception
private restroom
Building Details
Year Built
1870
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Thomas B Maley · License #656646
(410) 274-3326
Source:
Cummingsrealtors
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:06AM
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
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Investment Insights
Based on property information with market context.
This renovated office suite at 229 E Main Street includes two private offices, a reception area, and a private restroom. The property is in a building dating to 1870, in downtown Westminster, Maryland.
Key Highlights
- Two private offices
- Reception area
- Private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,576
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,520
$71.5K
Cap Rate 7%
$51,086
$51.1K
Cap Rate 9%
$39,733
$39.7K
Market Conditions
NOI Build-Up for 510 SF
Gross rent
$5.8K $11.40/SF
− Vacancy
−$1.0K −$2.05/SF
EGI
$4.8K $9.35/SF
− OpEx
−$1.2K −$2.34/SF
NOI
$3.6K $7.01/SF
Area
Carroll County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,520
Cap Rate 7%
$51,086
Cap Rate 9%
$39,733
Alternative Uses
Best Use
Office B
$51.1K
$44.7K – $59.6K
NOI $3,576 @ 7.0% cap · market cap 572.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.1K
$165.5K – $220.7K
NOI $13,239 @ 7.0% cap · market cap 2,118.24%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,940
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two private offices and a reception area provide a defined layout for a professional practice or small team.
Where is this office units located?
The property is located at 229 E MAIN STREET E #J Westminster, MD.
What are key features of this property?
This property features: Two private offices; Reception area; Private restroom
