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    Turnkey Restaurant Space in Bel Air Title is generated by Realmo AI

    426 S MAIN Street, Bel Air, MD 21014

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    Claim this Listing
    For Lease
    $3,600/Mo $24 SF/Yr (calc)

    CommercialLease - BEL AIR, MD

    Type:Retail
    Property size:
    1,760 SF
    Lot size:
    0.35 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    80
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for 426 S MAIN Street

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    15
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    1,760 SF
    Lot size
    0.35 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Combination

    We can help!

    Listing Contact
    David R Feazell
    David R Feazell

    Listing agent David R Feazell License #674137

    Listing office Garceau Realty 303 MAIN Street, Bel Air, MD

    Listing date Mar 2, 2026

    MLS# MDHR2052142

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location with high visibility on Main St (10,500 cars per day)
    • Turnkey 1760SF 2nd generation pizza restaurant/carryout space with all FF&E included
    • High traffic volume: 10,000 cars per day on Kenmore Ave in rear
    • Strong demographics: 116,000 people living within 5 miles with an average household income of $130,000
    • B2A zoning with signage available in front and rear
    • Private parking lot in rear with handicap accessible ramp and 3 entry doors

    Overview

    This multi-tenant retail and office center is situated in downtown Bel Air, Maryland, adjacent to Bel Air High School and surrounded by residential and commercial properties. The property benefits from a B2A zoning designation and includes a private parking lot in the rear. Signage opportunities are available at the front and rear of the building. The location benefits from high traffic, with 10,500 cars per day passing on Main Street in front and an additional 10,000 cars per day on Kenmore Avenue in the rear. The available 1,760 square foot second-generation turnkey pizza restaurant/carryout space, formerly Maria's Pizza, is available for lease at $3,600 per month gross plus utilities. The commercial kitchen is equipped with all FF&E, including a pizza oven, freezer, fridge, and a three-bay sink. The dining area features high ceilings. A pylon sign in the rear and additional signage on the rear of the building are available. The owner is currently renovating the rear facade of the building. The space is accessible via a handicap ramp in the rear and features three entry doors. The surrounding area has a population of 116,000 within a 5-mile radius and an average household income of $130,000 within the same area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MBA Mortgage Services ... Loan Service Maria's Carry Out Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.3448682
    Latitude
    39.5318267

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    FAQs

    What type of property is this?
    Conventional restaurant - Second generation pizza restaurant/carryout space available for lease.
    Where is this conventional restaurant located?
    The property is located at 426 S MAIN Street Bel Air, MD.
    What is the lease rate?
    The lease rate is $3,600 /Mo.
    What are key features of this property?
    This property features: Prime downtown location with high visibility on Main St (10,500 cars per day); Turnkey 1760SF 2nd generation pizza restaurant/carryout space with all FF&E included; High traffic volume: 10,000 cars per day on Kenmore Ave in rear
    (443) 299-7937
    We can help!
    Listing Contact
    David R Feazell
    David R Feazell
    Real Estate License ID: 674137
    Learn More
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    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.

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