Office Building with
47 E MAIN STREET, Westminster, MD 21157
For Sale
Contact for pricing
Two levels offer private offices, a conference room, and adaptable customer-facing space.
Property Size3,473 SF
Price / SF$1.07
Days on Market50
Property Features for 47 E MAIN STREET
General Information
Standard status
Size
Property subtype
Additional Details
End Cap
Amenities
courtyard
conference room
break room/kitchen
Building Details
Year Built
Year Renovated
Buildings
Stories
Construction
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Gregory A Brock · License MD #625200
(443) 398-5018
Source:
Cummingsrealtors
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 10 at 8:10AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
At 47 E Main Street in Westminster, this 3,473-square-foot office property spans two stories and was renovated in 2017. Its interior combines five private offices and a large conference room with an open storefront area suited to retail, showroom, office, or service uses. Exposed brick, spiral ductwork, high ceilings, and luxury flooring are among the interior finishes. The building dates to 1850.
A break room and kitchen, full bath with walk-in shower, first-floor half bath, and coffee station support the two-level layout. A side courtyard provides outdoor space, and a mural is painted on the building’s exterior. The property is positioned beside Locust Street Square in downtown Westminster, along a row of storefronts. Move-in readiness is scheduled for January 1, 2027.
A break room and kitchen, full bath with walk-in shower, first-floor half bath, and coffee station support the two-level layout. A side courtyard provides outdoor space, and a mural is painted on the building’s exterior. The property is positioned beside Locust Street Square in downtown Westminster, along a row of storefronts. Move-in readiness is scheduled for January 1, 2027.
Key Highlights
- 3,473‑square‑foot, two‑story office building
- Five private offices and a large conference room
- Flexible storefront area for retail, showroom, office, or service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,349
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,980
$487.0K
Cap Rate 7%
$347,843
$347.8K
Cap Rate 9%
$270,544
$270.5K
Market Conditions
NOI Build-Up for 3,473 SF
Gross rent
$39.6K $11.40/SF
− Vacancy
−$7.1K −$2.05/SF
EGI
$32.5K $9.35/SF
− OpEx
−$8.1K −$2.34/SF
NOI
$24.3K $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%
$486,980
Cap Rate 7%
$347,843
Cap Rate 9%
$270,544
Alternative Uses
Best Use
Retail
$702.2K
$614.5K – $819.3K
NOI $49,156 @ 7.0% cap
Second Best
Office B
$347.8K
$304.4K – $405.8K
NOI $24,349 @ 7.0% cap
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,158 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two levels offer private offices, a conference room, and adaptable customer-facing space.
Where is this office building located?
The property is located at 47 E MAIN STREET Westminster, MD.
What are key features of this property?
This property features: 3,473‑square‑foot, two‑story office building; Five private offices and a large conference room; Flexible storefront area for retail, showroom, office, or service use
