Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    403 Malcolm Dr Westminster, MD 21157-6107

    • Medical offices
    • 1,794 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US40-0178975
    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.

    Current Use by Public Records

    • Gregory C. Lewis, DC / Chiropractor
    • Lewis Family Chiropractic and Wellness Center P.A. / Chiropractor / Alternative Medicine Practitioner
    • Rosemary Luebkert, DC / Chiropractor

    Property Details for 403 Malcolm Dr

    Year built
    1954
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property size
    1,794 SF
    Zone code
    C-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    07-005229
    APU
    7005229

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $195,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $205,000
      Mixed-Use
      $230,000
      Hospitality
      $180,000
      Educational
      $175,000
      Residential Income
      $170,000
      Energy
      $215,000
      Income-Based Land
      $205,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9781
    Latitude
    39.5628
    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
    $3,252
    $166,400
    $121,400
    $287,800
    -
    $166,400
    $121,400
    $287,800

    Comparable in this City

    • Value Estimation by Request
      19,600 SF

      1011 Baltimore Blvd

      MEDICAL BUILDING • 19,600 SF
      1011 Baltimore Blvd, Westminster, MD 21157-7055
      View Details
    • Value Estimation
      $440,000
      1,059 SF

      719 Baltimore Blvd

      MEDICAL BUILDING • 1,059 SF
      719 Baltimore Blvd, Westminster, MD 21157-6105
      View Details
    • Value Estimation by Request
      1,204 SF

      200 Washington Hts Med Ctr

      MEDICAL BUILDING • 1,204 SF
      200 Washington Hts Med Ctr, Westminster, MD 21157-5633
      View Details
    • Value Estimation
      $180,000
      2,198 SF

      226 Washington Hts Med Ctr

      MEDICAL BUILDING • 2,198 SF
      226 Washington Hts Med Ctr, Westminster, MD 21157-6660
      View Details
    • Value Estimation by Request
      2,632 SF

      731 Baltimore Blvd

      MEDICAL BUILDING • 2,632 SF
      731 Baltimore Blvd, Westminster, MD 21157-6105
      View Details
    • Value Estimation
      $210,000
      1,628 SF

      208 Washington Hts Med Ctr

      MEDICAL BUILDING • 1,628 SF
      208 Washington Hts Med Ctr, Westminster, MD 21157-5633
      View Details

    Similar Nearby for Sale

    • $500,000
      0.34 Acres

      Medical Building with Road Frontage

      Medical building with multiple exam rooms and ample storage space.
      349 Malcolm Dr, Westminster, MD 21157
      View Details
    • $389,000
      1,600 SF

      Medical Office For Sale

      Medical office space with NYSE listed tenant, Quest Diagnostics.
      222 Washington Heights Med Ctr, Westminster, MD 21157
      View Details
    • $574,900

      Commercial Complex in Westminster, MD

      Seven-unit commercial complex on 0.827 acres, fully rented.
      906 Washington Rd, Westminster, MD 21157
      View Details
    • Contact for pricing
      3,200 SF

      Westminster Office Space with Storage

      3,200 SF office building with outside storage area.
      1634 Old Westminster Pike, Westminster, MD 21157
      View Details
    • $225,000
      3.02 Acres

      Land For Sale Westminster

      3.02 acres of land for sale in Westminster, Maryland.
      1674 Nelson Rd, Westminster, MD 21157
      View Details
    • $200,000
      0.17 Acres

      Residential Land in Westminster, MD

      Two lots in Westminster, MD, with convenient access to amenities.
      lot 22 & 24 Oak Ave, Westminster, MD 21157
      View Details

    Similar Nearby for Lease

    • $495 /Mo

      Historic Main Street Office Space

      Shared office space in a historic Main Street building.
      237 E Main St, Westminster, MD 21157
      View Details
    • Contact for pricing
      2,035 SF

      Westminster Office Space Available

      Office space available for rent in Westminster, Maryland.
      193 Stoner Ave, Westminster, MD 21157
      View Details
    • Contact for pricing
      5,530 SF

      Westminster Flex/Warehouse Space Available

      Flex, office, and warehouse spaces available near Carroll County Airport.
      1129 Business Pkwy S, Westminster, MD 21157
      View Details
    • $2,500 /Mo
      1,500 SF

      Downtown Westminster Office Space Available

      Office space for rent in a desirable downtown location.
      187 E Main St, Westminster, MD 21157
      View Details
    • $1,637 /Mo

      Westminster Commercial Space For Rent

      Commercial space ideal for office or retail in Westminster.
      28 Liberty St, Westminster, MD 21157
      View Details
    • $19 SF/Yr
      3,467 SF

      Carroll Plaza Office Suites Available

      Prime Carroll County Office Space, Flexible Sizes
      250 Englar Rd, Westminster, MD 21157
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    403 Malcolm Dr
    Westminster, MD 21157-6107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.