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Property profile & analytics
OFF-MARKET
Estimated value
$11,305,000
Grocery and convenience stores
551 Jermor Ln, Westminster, MD 21157-6779
Entity Owned
12-yr Hold
Free & Clear
Property ID
US40-1384045
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,667 SF
Lot
14.95 ac (651,135 SF)
Zoning code
BUSIN
APN
07-063261
UPID
US40-1384045
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Margo Bitcoin ATM Atm Crypto Atm
-
M&T Bank ATM Atm
-
MoneyGram Bank Credit Union
-
SHOPPERS Westminster Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.91M
Comparable Approach
Comparable
$15.33M
Blend (final)
Blend
$11.31M
Owner & transaction history
Village Horn Ptshp LLP · 12 yrs held
Village Horn Ptshp LLP
since 2014
6 recorded transactions
Zoning & alternative use
BUSIN · 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%
$12,895,000
6.5%
$11,905,000
7%
$11,055,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,355,000
Current use
AUTO REPAIR, GARAGE
$9,500,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.31M
Range $10.17M – $12.44M · ±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
$207 / 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
$200,676
Tax year 2023
Assessed value
$11,874,300
Assessed 2023
Previous assessed
$11,874,300
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$5,253,600
Assessed improvement
$6,620,700
Land market value
$5,253,600
Improvement market value
$6,620,700
Total market value
$11,874,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
6
Total area
54,667 SF
Lot
14.95 ac (651,135 SF)
Zoning code
BUSIN
APN
07-063261
UPID
US40-1384045
Jurisdiction
CARROLL
Zoning & alternative use
BUSIN · Westminster, MD
Zoning BUSIN · permitted uses
BUSIN · 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
RETAIL STORES Current
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
14.95 ac
Current owner
From public records · entity-resolved
Village Horn Ptshp LLP
Entity
Free & Clear · 12 yrs held
Mailing address
10096 RED RUN BLVD STE #300, OWINGS MILLS, MD 21117-4632
Ownership since
2014
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
Sep 30, 2022
—
140 Village Limited Liability Prtnr
—
Deed
related
$13,105,000 · Shore United Bank NA
Apr 30, 2019
—
140 Village Limited Liabilty Partne
—
Deed
related
$1,500,000 · Cnb
May 7, 2014
—
Village Horn Ptshp LLP
140 Village LLP
Quit Claim Deed
—
Jan 13, 2014
—
140 Village Limited Liability Partn
Monfred Sugarman LLC
Deed
—
Mar 18, 2004
—
140 Village LLP
140 Village LLP
Quit Claim Deed
related
$6,500,000 · J P Morgan Chase Bank
—
—
140 Village LLP
—
Deed Of Trust
related
$1,500,000 · Shore United Bk
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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