Renovated Office Building in
For Sale
$599,500
611 Nursery Rd, Westminster, MD 21157
Professional office space suitable for medical or commercial use.
Property Size2,984 SF
Price / SF$200.90
Days on Market190
Property Features for 611 Nursery Rd
General Information
Standard status
Active
Size
2,984 SF
Building Details
Year Built
1966
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Bruce F D'Anthony · License #74350
(443) 340-2800
Source:
Vinsonproperties
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 28 at 1:24PM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
This brick building offers an opportunity to own or lease office space in a fully renovated property. The building, with over 3000 square feet and a basement, features professionally built-out private offices, along with a conference or break room. The property is suitable for various uses, including medical practices, insurance companies, title companies, and real estate firms. A large parking area accommodates 15 cars or a couple of trucks. Disability access is available at the main entry. The paved parking lot was renovated in 2025. The property is located in the heart of Westminster. The walk score is 63, indicating it is somewhat walkable, and the bike score is 33, indicating it is somewhat bikeable. The transit score is 15, indicating minimal transit.
Key Highlights
- Fully renovated brick building in the heart of Westminster.
- Excellent, professional office space with private rooms and a conference/break room.
- Versatile property suitable for medical, insurance, title, real estate, and other professional uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,921
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,420
$418.4K
Cap Rate 7%
$298,871
$298.9K
Cap Rate 9%
$232,456
$232.5K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$34.0K $11.40/SF
− Vacancy
−$6.1K −$2.05/SF
EGI
$27.9K $9.35/SF
− OpEx
−$7.0K −$2.34/SF
NOI
$20.9K $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%
$418,420
Cap Rate 7%
$298,871
Cap Rate 9%
$232,456
Alternative Uses
Best Use
Office B
$298.9K
$261.5K – $348.7K
NOI $20,921 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$968.3K – $1.29M
NOI $77,464 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
964
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space suitable for medical or commercial use.
Where is this office unit located?
The property is located at 611 Nursery Rd Westminster, MD.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Fully renovated brick building in the heart of Westminster.; Excellent, professional office space with private rooms and a conference/break room.; Versatile property suitable for medical, insurance, title, real estate, and other professional uses.
