Carroll Plaza Retail
For Sale
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250 ENGLAR ROAD #1, Westminster, MD 21157
Retail center location near Route 140 and minutes from McDaniel College.
Property Size626 SF
Price / SF$12
Days on Market107
Property Features for 250 ENGLAR ROAD #1
General Information
Standard status
Active
Size
626 SF
Property subtype
Commercial
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Sunshine Management Corp.
Listed By:
William Zahler · License #35528
(301) 663-8383
Source:
Cummingsrealtors
Added: Jul 2
Changed: Oct 15
Last Checked: Oct 14 at 11:25PM
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 Sunshine Management Corp.
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Investment Insights
Based on property information with market context.
This retail space is part of Carroll Plaza Shopping Center, a 1970-built commercial center near Route 140. The property is identified as a 626-size suite within the center.
Home Goods serves as the shopping center’s anchor store, with Papa Joe's Mexican Restaurant located nearby. Additional national retail tenants include H&R Block, Papa Johns, and Sherwin Williams. The center’s tenant mix places this space among established retail and service businesses in the Westminster market.
Home Goods serves as the shopping center’s anchor store, with Papa Joe's Mexican Restaurant located nearby. Additional national retail tenants include H&R Block, Papa Johns, and Sherwin Williams. The center’s tenant mix places this space among established retail and service businesses in the Westminster market.
Key Highlights
- Located near Route 140 in Westminster
- Part of Carroll Plaza Shopping Center
- Home Goods serves as the anchor store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,860
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,200
$177.2K
Cap Rate 7%
$126,571
$126.6K
Cap Rate 9%
$98,444
$98.4K
Market Conditions
NOI Build-Up for 626 SF
Gross rent
$13.5K $21.60/SF
− Vacancy
−$864 −$1.38/SF
EGI
$12.7K $20.22/SF
− OpEx
−$3.8K −$6.07/SF
NOI
$8.9K $14.15/SF
Area
Carroll County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,200
Cap Rate 7%
$126,571
Cap Rate 9%
$98,444
Alternative Uses
Best Use
Retail
$126.6K
$110.8K – $147.7K
NOI $8,860 @ 7.0% cap · market cap 117.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.2K
$203.1K – $270.9K
NOI $16,251 @ 7.0% cap · market cap 216.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,405
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail center location near Route 140 and minutes from McDaniel College.
Where is this retail space located?
The property is located at 250 ENGLAR ROAD #1 Westminster, MD.
What are key features of this property?
This property features: Located near Route 140 in Westminster; Part of Carroll Plaza Shopping Center; Home Goods serves as the anchor store
