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Property profile & analytics
OFF-MARKET
Office buildings
23 Ctr St, Westminster, MD 21157-5103
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1207513
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1870
Construction
BRICK
Total area
2,288 SF
Lot
0.17 ac (7,392 SF)
Zoning code
BUSIN
APN
07-058489
UPID
US40-1207513
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
-
Mc Inerney Eileen Law Firm
-
Diana Burcovschi Realtor Real Estate Agency
-
KIM HARKINS - Keller Williams Realty Partners Real Estate Agency
-
Tim & Stacey Liberto of Keller Williams Realty Partners Real Estate Agency
-
Jaimie Penrod, Keller Williams Realty Partners Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dbad LLC · 3 yrs held
Dbad LLC
since 2023
5 recorded transactions
Zoning & alternative use
BUSIN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,257
Tax year 2023
Assessed value
$251,900
Assessed 2023
Previous assessed
$245,633
+2.6% YoY
Effective rate
1.69%
On assessed value
Assessed land
$94,900
Assessed improvement
$157,000
Land market value
$94,900
Improvement market value
$157,000
Total market value
$251,900
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
1870
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
2,288 SF
Lot
0.17 ac (7,392 SF)
Zoning code
BUSIN
APN
07-058489
UPID
US40-1207513
Jurisdiction
CARROLL
Zoning & alternative use
BUSIN · Westminster, MD
Zoning BUSIN · permitted uses
BUSIN · 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.
Building & site characteristics
From public records
Year built
1870
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Dbad LLC
Entity
Mailing address
171 WILLIS ST, WESTMINSTER, MD 21157-5130
Ownership since
2023
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
Jun 5, 2023
—
Dbad LLC
Rachel K Price
Deed
$680,000 · Bank Of Clarke
Oct 31, 2022
$400,000
Rachel K Price
Blackacre LLC
Deed
—
Aug 10, 2017
—
Blackacre LLC
—
Deed
related
$180,000 · Howard Bank
Sep 22, 2000
$185,000
Blackacre LLC
Ofarrell,thomas R
Grant Deed
$150,000 · Farmers & Mechanics Nat'l Bank
—
—
Blackacre LLC
—
Deed Of Trust
related
$170,000 · Allfirst 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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