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    1030 Baltimore Blvd Westminster, MD 21157

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    1030 Baltimore Blvd Westminster, MD 21157

    View on Map
    • Community centers
    • 40,500 SF
    • 8.39 lot acres
    For Lease
    $980,000
    View Listing →
    Retail/Flex/Office Project For Lease For Lease
    $980,000
    3,382 SF

    Retail/Flex/Office Project For Lease

    26-acre site with retail, flex, and office space.

    1030 Baltimore Blvd, Westminster, MD
    View Listing
    Property ID
    US40-1400108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $980,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jeanne Vargo, Berkshire Hathaway HomeServices Homesale Realty / Real Estate Agency
    • Diana Peters, Iron Valley Real Estate of Central MD / Real Estate Agency
    • Berkshire Hathaway Homesale Realty - Sue Boylan Realtor / Real Estate Agency
    • US Air Force Recruiting / Military Recruiting Office / Community College
    • AAA Westminster / Travel Agency

    Property Details for 1030 Baltimore Blvd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.39 lot acres
    Property size
    40,500 SF
    Zone code
    C-2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    07-025149
    APU
    7025149

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,206,000
      Market price range: $1.00M - $1.88M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,395,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9587
    Latitude
    39.556
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $70,060
    $3,198,300
    $3,001,700
    $6,200,000
    -
    $3,198,300
    $3,001,700
    $6,200,000

    Comparable in this City

    • Value Estimation
      $800,000
      17,245 SF

      200 Clifton Blvd

      MINI-MALL • 17,245 SF
      200 Clifton Blvd, Westminster, MD 21157-2941
      View Details
    • Value Estimation by Request
      4,520 SF

      142 Englar Rd

      MINI-MALL • 4,520 SF
      142 Englar Rd, Westminster, MD 21157-4858
      View Details
    • Value Estimation by Request
      15,600 SF

      359 Manchester Rd

      REGIONAL SHOPPING CENTER, MALL • 15,600 SF
      359 Manchester Rd, Westminster, MD 21157-3872
      View Details
    • Value Estimation by Request
      10,240 SF

      15 Cranberry Rd

      SHOPPING CENTER, STRIP CENTER • 10,240 SF
      15 Cranberry Rd, Westminster, MD 21157-5339
      View Details
    • Value Estimation
      $1,025,000
      27,040 SF

      Main St

      REGIONAL SHOPPING CENTER, MALL • 27,040 SF
      Main St, Westminster, MD 21157
      View Details
    • Value Estimation
      $3,665,000
      22,154 SF

      1151 Baltimore Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 22,154 SF
      1151 Baltimore Blvd, Westminster, MD 21157-7043
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Center Retail Opportunity

      Retail property in Washington Heights Medical Center with existing pharmacy.
      205 Washington Rd, Westminster, MD 21157
      View Details
    • $479,000
      5,040 SF

      Westminster Retail Space - High Traffic

      Prime location, renovated retail space, ideal for multiple uses.
      2 Washington Rd, Westminster, MD 21157
      View Details
    • $99,000
      0.52 Acres

      Land Parcel in Westminster, MD

      Residential land for new construction with open countryside views.
      839- Old Manchester Rd, Westminster, MD 21157
      View Details
    • $99,000
      0.56 Acres

      Land in Westminster, Maryland

      0.56 acre lot with open countryside views.
      840- Old Manchester Rd, Westminster, MD 21157
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      65,340 SF

      Retail Spaces in Westminster Landmark

      Three retail spaces available for lease in Westminster, Maryland.
      520 Jermor Ln, Westminster, MD 21157
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for lease in Carroll Plaza Shopping Center.
      250 Englar Rd, Westminster, MD 21157
      View Details
    • Contact for pricing
      12,054 SF

      Retail Space in Cranberry Square

      Retail space available in a shopping center anchored by Giant.
      385 N Center St, Westminster, MD 21157
      View Details
    • Contact for pricing
      9,856 SF

      Westminster Retail Space For Lease

      Neighborhood grocery center with available spaces from 511-21,247 SF.
      140 Englar Rd, Westminster, MD 21157
      View Details
    • Contact for pricing
      18,384 SF

      Westminster Retail Space For Lease

      Retail spaces available in Westminster, Maryland, with strong frontage.
      505 Jermor Ln, Westminster, MD 21157
      View Details
    View Listing
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    1030 Baltimore Blvd
    Westminster, MD 21157
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    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
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