Property profile

56 Main St Westminster, MD 21157

OFF-MARKET
Office buildings
Property ID
US40-0815948
14,700 SF 0.23 ac lot Built 1920
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office property, located at 56 West Main Street in Westminster, Maryland, offers a unique blend of historic charm and modern functionality. Built in 1920 and extensively renovated in 2024, this two-story building boasts 22,186 square feet of versatile space, ideal for a variety of office uses, including traditional and medical practices. The property features one building with multiple tenancies, offering flexible lease options ranging from 1,111 to a maximum contiguous 3,200 square feet. Situated in the heart of Westminster's business district within the Carroll County submarket, this high-image building provides convenient access to local amenities and major transportation routes. High-end finishes throughout create a sophisticated and professional atmosphere. Ample on-site parking is available for tenants and employees, along with prominent exterior building signage opportunities for enhanced visibility and brand recognition. This is a rare opportunity to secure prime office space in a thriving Maryland community. The property's zip code is 21157. The building's location offers excellent visibility and accessibility. This is an ideal location for businesses seeking a prestigious address and a modern, well-maintained workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,700 SF
Lot 0.23 ac (9,801 SF)
Zoning code CENTR
APN 07-069073
UPID US40-0815948

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Medical Clinic
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

56 Main St Westminster, MD 21157-4844
Westminster metro Census 507601 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$1.05M

Owner & transaction history

since 2023
Last sale
$1.2M
3 recorded transactions
2023
$1.2M
2007
Price N/A
1969
Price N/A

Zoning & alternative use

CENTR · Westminster, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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