Property profile

840 Market St Westminster, MD 21157

FOR LEASE
Retail properties & Spaces
Property ID
US40-0757005
84,653 SF 9.76 ac lot Built 2001
Entity Owned 25-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel, located at 840 Market St in Westminster, Maryland, presents a unique investment opportunity. Situated in Carroll County, this single-tenant property offers significant potential for development. The expansive 43,560 square foot lot provides ample space for a variety of commercial uses. Its strategic location in Westminster, MD, zip code 21157, ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving community. The property's classification as commercial land allows for a wide range of development possibilities, subject to local zoning regulations. This is a rare opportunity to acquire a sizable, well-positioned parcel in a desirable Maryland market. The property's single-tenant designation simplifies leasing and management, offering a streamlined approach to ownership. Interested parties are encouraged to conduct their own due diligence regarding zoning and permitted uses. This property is offered for lease and represents a compelling investment prospect for discerning commercial developers. The latitude and longitude coordinates are 39.5631304 and -76.965382 respectively. Further details are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 84,653 SF
Lot 9.76 ac (425,146 SF)
Zoning code BUSIN
APN 07-143729
UPID US40-0757005

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
  • Cosmetic Store
  • Department Store

Location

840 Market St Westminster, MD 21157
Westminster metro Census 507602 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.34M
Blend (final) Blend
$8.43M

Owner & transaction history

since 2001
1 recorded transaction
2001
$2.8M

Zoning & alternative use

BUSIN · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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