Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42 Locust St Westminster, MD 21157-5043

    • Warehouses
    • 26,680 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2205991
    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

    • About Design and Manufacturing / Industrial Manufacturer / Production Facility

    Property Details for 42 Locust St

    Year built
    1972
    Construction
    BRICK
    Lot size
    1.10 lot acres
    Property size
    26,680 SF
    Zone code
    MIXED
    Property type
    Warehouses
    APN
    07-063970
    APU
    7063970

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,771,000
      Market price range: $1.77M - $4.95M

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9925
    Latitude
    39.5763
    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
    $15,002
    $296,100
    $591,600
    $887,700
    -
    $296,100
    $591,600
    $887,700

    Comparable in this City

    • Value Estimation
      $1,205,000
      14,682 SF

      170 Airport Dr

      WAREHOUSE, STORAGE • 14,682 SF
      170 Airport Dr, Westminster, MD 21157-3070
      View Details
    • Value Estimation by Request
      2,241 SF

      1715 Old Liberty W Rd

      MINI-WAREHOUSE, STORAGE • 2,241 SF
      1715 Old Liberty W Rd, Westminster, MD 21157-7948
      View Details
    • Value Estimation by Request
      3,852 SF

      12 Carroll St

      WAREHOUSE, STORAGE • 3,852 SF
      12 Carroll St, Westminster, MD 21157-4831
      View Details
    • Value Estimation by Request
      5,931 SF

      267 Grn St

      WAREHOUSE, STORAGE • 5,931 SF
      267 Grn St, Westminster, MD 21157-5416
      View Details
    • Value Estimation
      $2,935,000
      54,800 SF

      433 Hahn Rd

      WAREHOUSE, STORAGE • 54,800 SF
      433 Hahn Rd, Westminster, MD 21157-4981
      View Details
    • Value Estimation by Request
      4,000 SF

      91 John St

      WAREHOUSE, STORAGE • 4,000 SF
      91 John St, Westminster, MD 21157-4809
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Commercial Land Development Opportunity

      6.38 acres of commercially approved land for immediate development.
      2525 W Liberty Rd, Westminster, MD 21157
      View Details
    • $999,000
      26.20 Acres

      Land in Prime Carroll County

      Two lots totaling 33.72 acres in Westminster, Maryland.
      Bear Branch Rd, Westminster, MD 21157
      View Details
    • $99,000
      0.62 Acres

      Land with Panoramic Countryside Views

      0.62 acre lot perfect for modular or tiny home.
      212- Old Manchester Rd, Westminster, MD 21157
      View Details
    • $180,000
      0.17 Acres

      Westminster Land Lots Opportunity

      Two lots in Westminster, MD, ideal for building or investment.
      lot 22 & 24 Oak Ave, Westminster, MD 21157
      View Details
    • $599,500
      3,000 SF

      Renovated Westminster Office Building

      Professional office building in the heart of Westminster, Maryland.
      611 Nursery Rd, Westminster, MD 21157
      View Details
    • $34,995
      0.56 Acres

      Westminster Land for Recreational Use

      0.56-acre property in Carroll County, MD, ideal for recreational use.
      55 Glen Dr, Westminster, MD 21157
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      340 SF

      Westminster Warehouse with Loading Dock

      Small warehouse in Westminster with loading dock and drive-in doors.
      142 Railroad Ave, Westminster, MD 21157
      View Details
    • Contact for pricing

      Westminster Flex Space Available

      Flex, office, and warehouse spaces available for lease.
      and Business Pky Airport Dr, Westminster, MD 21157
      View Details
    • Contact for pricing
      4,622 SF

      Westminster Flex/Industrial Space Available

      Flex, industrial, warehouse, and office spaces for lease.
      1135 Business Pkwy S, Westminster, MD 21157
      View Details
    • Contact for pricing
      3,125 SF

      Westminster Flex/Warehouse Space Available

      Flex, office, and warehouse spaces for lease in Westminster.
      125 Airport Dr, 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.
    42 Locust St
    Westminster, MD 21157-5043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!