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Property profile & analytics
FOR LEASE
Industrial properties
41 Magna Way, Westminster, MD 21157
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US40-1569847
For Lease
1 / 4
$5,020/Mo
41 Magna Way, Westminster, MD 21157
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2012
Construction
FRAME
Total area
16,648 SF
Lot
2 ac (87,120 SF)
Zoning code
PI
APN
07-134975
UPID
US40-1569847
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
-
LifeBridge Health Physical Therapy - Magna Way Medical Clinic
-
The Laboratory Blood Testing Service Diagnostic Center
-
CMWL - The Center For Medical Weight Loss Westminster Weight Loss Service Doctor
-
Johnston Family Medicine Medical Clinic
-
Kimberly Johnston, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.58M
Owner & transaction history
Jfm Ventures LLC · 17 yrs held
Jfm Ventures LLC
since 2009
5 recorded transactions
Zoning & alternative use
PI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,430,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10%
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
$95 / 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
$24,399
Tax year 2023
Assessed value
$1,443,700
Assessed 2023
Previous assessed
$1,402,567
+2.9% YoY
Effective rate
1.69%
On assessed value
Assessed land
$348,400
Assessed improvement
$1,095,300
Land market value
$348,400
Improvement market value
$1,095,300
Total market value
$1,443,700
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
2012
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
16,648 SF
Lot
2 ac (87,120 SF)
Zoning code
PI
APN
07-134975
UPID
US40-1569847
Jurisdiction
CARROLL
Zoning & alternative use
PI · Westminster, MD
Zoning PI · permitted uses
PI · 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
$2.4M
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
2012
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Jfm Ventures LLC
Entity
Mailing address
41 MAGNA WAY STE #100, WESTMINSTER, MD 21157-3073
Ownership since
2009
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 29, 2009
$355,000
Jfm Ventures LLC
Westair 21a LLC
Grant Deed
$168,000 · Branch Banking & Trust Co
Mar 10, 2008
$290,000
Westair 21a LLC
West Branch Trade Center I LLC
Grant Deed
—
Sep 20, 2005
$300,000
West Branch Trade Center I LLC
West Branch Development LLC
Deed
—
Jun 30, 1998
$702,500
West Branch Development LLC
Don-san LLC
Grant Deed
$702,000 · Seller
—
—
Jfm Ventures LLC
—
Deed Of Trust
related
$2,123,957 · Branch Banking & Trust Co
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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