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    250 Englar Rd Westminster, MD 21157
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    Property profile & analytics

    250 Englar Rd Westminster, MD 21157

    View on Map
    • Drive through restaurants
    • 1,288 SF
    • 6.44 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Retail and Office Spaces Available For Lease
    $12 SF/Yr
    750 SF

    Retail and Office Spaces Available

    Retail and office spaces for lease in Carroll Plaza Shopping Center.

    250 Englar Rd, Westminster, MD 21157
    View Listing
    Property ID
    US40-1634706
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Papa John's Pizza / Restaurant
    • Mountain Manor Outpatient / Social Service Agency / Medical Clinic
    • Home Instead / Home Health Care Service / Home Help
    • Edward M. Goldman, DDS, PA / Dental Office
    • Carroll Eye Care / Eye Care Center

    Property Details for 250 Englar Rd

    Year built
    1998
    Construction
    BRICK
    Lot size
    6.44 lot acres
    Property size
    1,288 SF
    Zone code
    C-3
    Property type
    Drive through restaurants
    APN
    07-028431
    APU
    7028431

    Description

    Carroll Plaza Shopping Center offers exceptional office space in Carroll County, Maryland. This vibrant retail center boasts high foot traffic, anchored by HomeGoods and complemented by national tenants such as Rite Aid, H&R Block, Papa Johns, and Sherwin Williams. Currently, 3,467 square feet of vacant office space is available, divisible into units as small as 80 square feet, with a maximum contiguous space of 1,927 square feet. One immediately available suite (Suite 10) offers 710 square feet, featuring a reception area, general purpose space, and three private offices. This suite can be combined with adjacent Suite 9 for expanded square footage needs. The building includes elevators for convenient access. The center's strategic location just off Route 140 provides easy access and visibility, with the added benefit of proximity to McDaniel College. This presents a unique opportunity for businesses seeking a high-traffic location within a thriving retail environment. The property is located in Carroll County and offers multiple tenancy options. This is an excellent opportunity to establish a presence in a well-established and popular shopping center. The building features a total of 3,467 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9915
    Latitude
    39.5839
    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
    $136,818
    $2,805,200
    $9,302,600
    $12,107,800
    -
    $2,805,200
    $9,302,600
    $12,107,800

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      DRIVE-THRU RESTAURANT, FAST FOOD • 3,758 SF
      6 Baltimore Blvd, Westminster, MD 21157-4634
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      596 Jermor Ln

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      624 Baltimore Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,499 SF
      624 Baltimore Blvd, Westminster, MD 21157-6104
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      520 Baltimore Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,700 SF
      520 Baltimore Blvd, Westminster, MD 21157-6102
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      511 SF

      Westminster Retail Space For Lease

      Neighborhood grocery center with available spaces from 511-21,247 SF.
      140 Englar Rd, Westminster, MD 21157
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    View Listing
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    250 Englar Rd
    Westminster, MD 21157
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    250 Englar Rd, Westminster, MD, 21157
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