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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Manufacturing properties
1221 Tech Ct Westminster, MD 21157-3029
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-0664052
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
BRICK
Total area
25,000 SF
Lot
3.5 ac (152,460 SF)
Zoning code
INDUS
APN
07-133049
UPID
US40-0664052
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
WES Pharma Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.31M
Owner & transaction history
Wes Pharmaceutical LLC · 13 yrs held
Wes Pharmaceutical LLC
since 2012
5 recorded transactions
Zoning & alternative use
INDUS · Westminster, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westminster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,650,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,726
Tax year 2023
Assessed value
$2,054,800
Assessed 2023
Previous assessed
$1,968,167
+4.4% YoY
Effective rate
1.69%
On assessed value
Assessed land
$577,000
Assessed improvement
$1,477,800
Land market value
$577,000
Improvement market value
$1,477,800
Total market value
$2,054,800
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Total area
25,000 SF
Lot
3.5 ac (152,460 SF)
Zoning code
INDUS
APN
07-133049
UPID
US40-0664052
Jurisdiction
CARROLL
Zoning & alternative use
INDUS · Westminster, MD
Zoning INDUS · permitted uses
INDUS · Westminster, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westminster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.7M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
Wes Pharmaceutical LLC
Entity
Mailing address
1945 LIBERTY RD, SYKESVILLE, MD 21784-6627
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Wes Pharmaceutical LLC
—
Deed
related
$2,600,000 · Fulton Bank NA
Aug 29, 2019
—
Wes Pharmaceutical LLC
—
Deed
related
$2,000,000 · M & T Bank
Sep 26, 2012
$3,500,000
Wes Pharmaceutical LLC
Unigen Pharmaceuticals INC
Grant Deed
$2,450,000 · Farmers & Merchants Bk & Tr
—
—
Wes Pharmaceutical LLC
—
Deed Of Trust
related
$1,200,000 · Farmers & Merchants Nat'l Bk
—
—
Unigen Pharmaceutical INC
—
Deed Of Trust
related
$975,000 · Manufacturers & Traders Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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