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    250 Englar Rd Westminster, MD 21157

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    For Lease
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    Retail and office spaces for lease in Carroll Plaza Shopping Center.

    Type:Retail, Office
    Property size:
    750 SF
    Added:
    Jan 9, 2021
    Days on Market:
    1925
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 250 Englar Rd

    General Information

    Standard status
    Active
    Size
    750 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 250 Englar Rd Contact us

    Suite 19 $12 /Mo

    Size
    500 SF
    Type
    Retail, Office
    Insurance: $0.17 PSQFTnRent: $12 PSQFTnCAM Fee: $2.38 PSQFTnProperty Tax: $1.36 PSQFTnCarroll...
    show more
    Contact us

    Retail Unit 2 $28 /Mo

    Size
    750 SF
    Type
    Retail, Office
    Insurance: $0.17 PSQFTnSale Price: N/AnRent: $28 PSQFT NNNnCAM Fee: $2.38 PSQFTnProperty...
    show more
    Contact us

    Retail Unit 11 $26 /Mo

    Size
    1,927 SF
    Type
    Retail, Office
    Insurance: $0.17 PSQFTnSale Price: N/AnRent: $26 PSQFT NNNnCAM Fee: $2.38 PSQFTnProperty...
    show more
    Contact us

    Suite 18 $12 /Mo

    Size
    611 SF
    Type
    Retail, Office
    Insurance: $0.17 PSQFTnSale Price: N/AnRent: $12 PSQFTnCAM Fee: $2.38 PSQFTnProperty...
    show more
    Contact us

    Retail Unit 22 $19 /Mo

    Size
    18,120 SF
    Type
    Retail
    End Cap Space with Drive ThrunInsurance: $0.17 PSQFTnSale Price: N/AnRent: 19.50nCAM...
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    Contact us

    Office Suite 7 $12 /Mo

    Size
    1,276 SF
    Type
    Retail, Office
    Insurance: $0.17 PSQFTnSale Price: N/AnRent: $12 PSQFTnCAM Fee: $2.38 PSQFTnProperty...
    show more
    Contact us

    Office Suite 20 $12 /Mo

    Size
    932 SF
    Type
    Retail, Office
    Contact us

    Office Suite 11 $350 /Mo

    Size
    225 SF
    Type
    Office
    Contact us

    Office Suite 9 $12 /Mo

    Size
    686 SF
    Type
    Retail
    Rent: $686 Per MonthnInsurance: $0.17 PSQFTnCAM Fee: $2.38 PSQFTnProperty Tax: $1.36...
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    Contact us

    Office Suite 8 $12 /Mo

    Size
    636 SF
    Type
    Retail, Office
    Insurance: $0.17 PSQFTnProperty Tax: $1.36 PSQFTnCarroll Plaza Shopping Center Suite...
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    Contact us
    Show more

    We can help!

    Listing Contact
    William Zahler

    Listing agent William Zahler License #MD 35528

    Listing office Sunshine Management

    Listing date Jan 9, 2021

    Source Crexi

    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 Sunshine Management

    Overview

    Retail and Office Spaces Available

    Located just off Route 140 and minutes from McDaniel College, Carroll Plaza Shopping Center offers multiple spaces for lease. Suite 10 is a 710 square foot office suite on the second floor, featuring a reception area, a general purpose space, and three offices. This suite can be combined with suite #9 for additional space. Suite 18 offers 611 square feet of office space on the second floor and is available for immediate occupancy. Suite 19 provides 500 square feet of office space, also on the second floor and available for immediate occupancy. An additional 686 square foot office space is available on the second floor. There is also a 750 square foot in-line retail space with front and rear entrances, previously used as an ice cream store, suitable for any retail use. Foot traffic at Carroll Plaza is high, with Home Goods and Rite Aid as anchor stores. Other national retail tenants include H&R Block, Papa Johns, and Sherwin Williams. Papa Joe’s Mexican Restaurant is also located within the center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Restaurant Mountain Manor Outpatient Social Service Agency Home Instead Home Help Service Agency Edward M. Goldman, ... Dental Office Carroll Eye Care Eye Care Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • TownMall of Westminster — 400 N Center St, Westminster, MD 21157
    • Westminster Station — 400 N Center St, Westminster, MD 21157
    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 140 Englar Road, Westminster, MD 21157
    • Coinstar Kiosk | Bitcoin ATM — Giant Landover, 405 N Center St, Westminster, MD 21157
    • Westminster Shopping Center — Rt. 140 and, Englar Rd, Westminster, MD 21157

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9911577
    Latitude
    39.5828823

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    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces for lease in Carroll Plaza Shopping Center.
    Where is this shopping center located?
    The property is located at 250 Englar Rd Westminster, MD.
    What are key features of this property?
    This property features: High foot traffic location within Carroll Plaza Shopping Center.; Anchored by Home Goods and other national retail tenants (Rite Aid, H&R Block, Papa Johns, Sherwin Williams).; Located just off Route 140 with high traffic count.
    (301) 663-8383 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Zahler
    Real Estate License ID: MD 35528
    Learn More
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    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
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