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

    400 N Center St Westminster, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in TownMall of Westminster.

    Type:RETAIL
    Property size:
    150 SF
    Lot size:
    58.19 Acres
    Added:
    Jun 26, 2023
    Days on Market:
    1040
    Last Refresh:
    Apr 5 at 9:34 pm

    Property Features for 400 N Center St

    General Information

    Standard status
    Active
    Size
    150 SF
    Lot size
    58.19 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 400 N Center St Contact us

    We can help!

    Listing Contact
    Adam Miller
    Adam Miller

    Listing agent Adam Miller

    Listing office KLNB - Baltimore

    Listing date Jun 26, 2023

    Source Moodyscre

    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 KLNB - Baltimore

    Overview

    Westminster Retail Space Available

    Located in the trade area, TownMall of Westminster is anchored by a two-story Boscov’s, Belk, and Dick’s Sporting Goods. The property also features a Food Court and RC Theatres with nine digital screens and four 3D screens. Carroll Community College, with approximately 15,000 students, and McDaniel College, with approximately 3,700 students, are located nearby. Major area employers include Penguin Random House, General Dynamics Robotic Systems, English American, Northrup Grumman, Carroll County Hospital Center, Carroll Community College, Knorr Brake, Fuchs North America, and McDaniel College, collectively employing nearly 100,000 employees. The available retail space is 150 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gifts To Go (Bike/Boat/Book/etc) Store Jills (Bike/Boat/Book/etc) Store The Gym - Westminster Gym & Fitness Center Ho'on Dojo Training Center Movement Disorder Education ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.983
    Latitude
    39.58

    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
    • $1.00 SF/Yr

      Renovated Commercial Space in Westminster

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

    FAQs

    What type of property is this?
    Shopping mall - Retail space available in TownMall of Westminster.
    Where is this shopping mall located?
    The property is located at 400 N Center St Westminster, MD.
    What are key features of this property?
    This property features: Anchor tenants include Boscov’s, Belk, and Dick’s Sporting Goods.; Features a Food Court and RC Theatres with nine digital screens and four 3D screens.; Located near Carroll Community College and McDaniel College.
    (410) 321-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Miller
    Adam Miller
    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!