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    Property profile & analytics

    117 Main St Westminster, MD 21157-5012

    • Office buildings
    • 21,205 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $1,615,000
    Last Sale
    Dec 01, 2023
    $1,736,157
    Location Intelligence
    Property ID
    US40-0891894
    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.

    Current Use by Public Records

    • Lutheran Social Ministries of Maryland / Retirement Community / Assisted Living Facility
    • Mulligan Recovery Centers / Addiction Treatment Center

    Property Details for 117 Main St

    Year built
    1880
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    21,205 SF
    Zone code
    DOWNT
    Property type
    Office buildings
    APN
    07-069332
    APU
    7069332

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,775,000
      6.5%
      $1,620,000
      7%
      $1,575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,810,000
      Geo Method
      $1,755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,925,000
      Retail
      $1,595,000
      Mixed-Use
      $1,885,000
      Hospitality
      $1,925,000
      Educational
      $1,525,000
      Residential Income
      $1,515,000
      Energy
      $1,475,000
      Income-Based Land
      $1,735,000
      Food Service
      $1,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9928
    Latitude
    39.5727
    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
    $13,091
    $127,100
    $647,500
    $774,600
    -
    $127,100
    $647,500
    $774,600

    Comparable in this City

    • Value Estimation by Request
      24,931 SF

      9 Main St

      OFFICE BUILDING • 24,931 SF
      9 Main St, Westminster, MD 21157-5006
      View Details
    • Value Estimation by Request
      14,936 SF

      45 Aileron Ct

      OFFICE BUILDING • 14,936 SF
      45 Aileron Ct, Westminster, MD 21157-3022
      View Details
    • Value Estimation by Request
      7,000 SF

      Airport Dr

      OFFICE BUILDING • 7,000 SF
      Airport Dr, Westminster, MD 21157
      View Details
    • Value Estimation by Request
      1,195 SF

      1634 Old Westminster Pike

      OFFICE BUILDING • 1,195 SF
      1634 Old Westminster Pike, Westminster, MD 21157-7369
      View Details
    • Value Estimation
      $1,005,000
      570 SF

      524 Baltimore Blvd

      OFFICE BUILDING • 570 SF
      524 Baltimore Blvd, Westminster, MD 21157
      View Details
    • Value Estimation by Request
      10,080 SF

      40 Church St

      OFFICE BUILDING • 10,080 SF
      40 Church St, Westminster, MD 21157-5435
      View Details

    Similar Nearby for Sale

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      Seven-unit commercial complex on 0.827 acres, fully rented.
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    • Contact for pricing
      3,200 SF

      Westminster Office Space with Storage

      3,200 SF office building with outside storage area.
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    • $500,000
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      Medical building with multiple exam rooms and ample storage space.
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    • $225,000
      3.02 Acres

      Land For Sale Westminster

      3.02 acres of land for sale in Westminster, Maryland.
      1674 Nelson Rd, Westminster, MD 21157
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    • $200,000
      0.17 Acres

      Residential Land in Westminster, MD

      Two lots in Westminster, MD, with convenient access to amenities.
      lot 22 & 24 Oak Ave, Westminster, MD 21157
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    Similar Nearby for Lease

    • $495 /Mo

      Historic Main Street Office Space

      Shared office space in a historic Main Street building.
      237 E Main St, Westminster, MD 21157
      View Details
    • Contact for pricing
      2,035 SF

      Westminster Office Space Available

      Office space available for rent in Westminster, Maryland.
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      View Details
    • Contact for pricing
      5,530 SF

      Westminster Flex/Warehouse Space Available

      Flex, office, and warehouse spaces available near Carroll County Airport.
      1129 Business Pkwy S, Westminster, MD 21157
      View Details
    • $2,500 /Mo
      1,500 SF

      Downtown Westminster Office Space Available

      Office space for rent in a desirable downtown location.
      187 E Main St, Westminster, MD 21157
      View Details
    • $1,637 /Mo

      Westminster Commercial Space For Rent

      Commercial space ideal for office or retail in Westminster.
      28 Liberty St, Westminster, MD 21157
      View Details
    • $19 SF/Yr
      3,467 SF

      Carroll Plaza Office Suites Available

      Prime Carroll County Office Space, Flexible Sizes
      250 Englar Rd, Westminster, MD 21157
      View Details
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    117 Main St
    Westminster, MD 21157-5012
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    Realmo Value Estimation

    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.

    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.

    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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