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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Individual retail properties
130 Airport Dr, Westminster, MD 21157-3034
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-2407303
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1992
Construction
BRICK
Total area
5,472 SF
Lot
1.3 ac (56,628 SF)
Zoning code
INDUS
APN
07-116845
UPID
US40-2407303
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
-
Tristar Martial Arts Academy Training Center Sports School
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Birgerprop LLC · 1 yrs held
Birgerprop LLC
since 2024
Last sale
$800,000
7 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: 0% · Conversion: Difficult
RESTAURANT
$520,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Oct 4 2024)
Last sale anchor
$800k
Oct 4 2024
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
$146 / 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
$11,624
Tax year 2023
Assessed value
$691,867
Assessed 2024
Previous assessed
$691,867
+0.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$339,700
Improvement market value
$360,300
Total market value
$700,000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1992
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,472 SF
Lot
1.3 ac (56,628 SF)
Zoning code
INDUS
APN
07-116845
UPID
US40-2407303
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
$880,000
MEDICAL BUILDING
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$665,000
RESTAURANT
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$490,000
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1992
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Birgerprop LLC
Entity
Mailing address
596 S FOOTPATH CT #209, WESTMINSTER, MD 21158-1436
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$800,000
Birgerprop LLC
Hso Properties LLC
Deed
$640,000 · Acnb Bank
Feb 12, 2018
—
Hso Properties LLC
—
Deed
related
$1,921,377 · New Windsor State Bank
Oct 16, 2012
$550,000
Hso Properties LLC
The Windsor State Bank
Deed
$800,000 · New Windsor State Bank
Feb 14, 2011
$10,000
Windsor St Bk New
Drescher Ronald J
Trustees Deed
related
—
May 12, 2006
$1,489,500
Fraternal Order Of Eagles Of
130 Airport Dr LLC
Deed
$920,000 · New Windsor State Bank
—
—
Donald E Bullock
—
Deed Of Trust
related
$600,000 · Union National Bank
—
—
130 Airport Drive LLC
—
Deed Of Trust
related
$950,000 · Donald E & Nancy L Bullock
—
—
Donald E Bullock
—
Deed Of Trust
related
$1,250,000 · 130 Airport Drive LLC
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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