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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Manufacturing properties
285 Grn St, Westminster, MD 21157-5417
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1083690
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Construction
BRICK
Total area
8,006 SF
Lot
1.39 ac (60,548 SF)
Zoning code
DOWNT
APN
07-069278
UPID
US40-1083690
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
-
Carroll County Kenpo Sports School
-
Bethel Native Corporation Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$735k
Owner & transaction history
Zfp Capital LLC · 5 yrs held
Zfp Capital LLC
since 2021
Last sale
$764,000
6 recorded transactions
Zoning & alternative use
DOWNT · 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
$740,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $764k (Apr 26 2021)
Last sale anchor
$764k
Apr 26 2021
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
$16,750
Tax year 2023
Assessed value
$991,100
Assessed 2023
Previous assessed
$959,733
+3.3% YoY
Effective rate
1.69%
On assessed value
Assessed land
$334,000
Assessed improvement
$657,100
Land market value
$334,000
Improvement market value
$657,100
Total market value
$991,100
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
1950
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Total area
8,006 SF
Lot
1.39 ac (60,548 SF)
Zoning code
DOWNT
APN
07-069278
UPID
US40-1083690
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
Est. value
$1.2M
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
1950
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Zfp Capital LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4266 BUCKSKIN LK DR, ELLICOTT CITY, MD 21042-1254
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
$764,000
Zfp Capital LLC
Wdmike LLC
Deed
—
Jan 24, 2018
—
Unitec Distribution Systems In
—
Deed
related
$250,000 · Branch Bk&tr
Jun 29, 2011
—
Wdmike LLC
Warren D Michelson
Other
$850,000 · Branch Banking And Trust Co
—
—
Warren D Michelson
—
Deed Of Trust
related
$360,000 · Union Natl Bank Of Westminster
—
—
Warren D Michelson
—
Deed Of Trust
related
$900,000 · Westminster Union Bank
—
—
Unitec Distribution Systems In
—
Deed Of Trust
related
$250,000 · Branch Bk&tr
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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