137 Westminster Ave Westminster, MD 21157
- Warehouses
- 4,200 SF
- 0.17 lot acres
Current Use by Public Records
- RS Auto Repair LLC / Mechanic
Property Details for 137 Westminster Ave
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 0.17 lot acres
- Property size
- 4,200 SF
- Zone code
- R-750
- Property type
- Warehouses
- APN
- 07-068549
- APU
- 7068549
Description
This exceptional investment opportunity presents a 5,480 square foot mixed-use building situated on a 0.17-acre lot at 137 Westminster Avenue in Westminster, Maryland. The property comprises seventeen secure, enclosed storage units, sixteen of which are currently leased, generating immediate positive cash flow. The two-level brick building offers substantial rental income potential with low maintenance and overhead costs, making it an attractive proposition for small investors seeking a reliable, high-return asset. The units are conveniently accessed from the ground level via public street access. Large garage bays are also included, providing ample space for various uses. Located within the city limits of Westminster, this property benefits from a desirable location and strong rental demand. The existing tenant base provides immediate income, minimizing vacancy risk and maximizing return on investment. This property is ideal for an investor seeking a low-maintenance, high-yield investment or an owner/contractor requiring storage space with supplemental rental income. The substantial square footage and multiple units offer significant flexibility and growth potential. This is a rare opportunity to acquire a proven income-producing asset in a thriving Maryland market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $190,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $170,000
- Mixed-Use
- $160,000
- Hospitality
- $180,000
- Educational
- $200,000
- Residential Income
- $150,000
- Energy
- $185,000
- Income-Based Land
- $155,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Carroll
- State
- Maryland
- Longitude
- -76.9951
- Latitude
- 39.5711
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
