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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
205 Main St, Westminster, MD 21157-5227
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1387796
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,848 SF
Lot
0.23 ac (10,179 SF)
Zoning code
DOWNT
APN
07-056419
UPID
US40-1387796
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
-
Main Street Advisors LLC Financial Advisor
-
Rager Lehman & Houck PC: Houck Thomas E CPA Accounting Firm Tax Preparation
-
Brown Plus Accounting Firm Tax Preparation
-
The Advantage Group, Inc. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$635k
Owner & transaction history
Bssf Properties LLC · 4 yrs held
Bssf Properties LLC
since 2022
Last sale
$785,000
7 recorded transactions
Zoning & alternative use
DOWNT · Westminster, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+19.0%
Industrial (general)
$945,000
+10.7%
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
$610,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
AUTO REPAIR, GARAGE
$1,015,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$945,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $785k (Feb 14 2022)
Last sale anchor
$785k
Feb 14 2022
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
$109 / 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
$8,780
Tax year 2023
Assessed value
$519,500
Assessed 2023
Previous assessed
$519,500
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$121,400
Assessed improvement
$398,100
Land market value
$121,400
Improvement market value
$398,100
Total market value
$519,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
5,848 SF
Lot
0.23 ac (10,179 SF)
Zoning code
DOWNT
APN
07-056419
UPID
US40-1387796
Jurisdiction
CARROLL
Zoning & alternative use
DOWNT · Westminster, MD
Zoning DOWNT · permitted uses
DOWNT · 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 Current
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$685,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Bssf Properties LLC
Entity
Mailing address
210 GRANDVIEW AVE, CAMP HILL, PA 17011-1715
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$785,000
Bssf Properties LLC
Rlh Westminster Real Estate LLC
Deed
$722,600 · Mid Penn Bank
Nov 30, 2018
—
Rlh Westminster R & E LLC
—
Deed
related
$111,600 · M&t Bk
May 14, 2008
—
Rlh Westminster R/e LLC
Rlmh Real Estate Ptshp
Grant Deed
—
—
—
Rlh Westminster R & E LLC
—
Deed Of Trust
related
$111,600 · M&t Bk
—
—
Rlh Westminster Real Est LLC
—
Deed Of Trust
related
$90,265 · M & T Bank
—
—
Rlh Westminster R/e LLC
—
Deed Of Trust
related
$1,335,000 · Pnc Bank
—
—
Rlmh Real Estate Ptshp
—
Deed Of Trust
related
$610,000 · Pnc Bank
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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