Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    43 Bond St Bel Air, MD 21014-3530

    • Office buildings
    • 4,360 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0329640
    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

    • Romp ~N~ Groom Doggie Day Spa / Pet Groomer
    • Dawson Brian K / Attorney

    Property Details for 43 Bond St

    Year built
    1945
    Construction
    BRICK
    Lot size
    0.25 lot acres
    Property size
    4,360 SF
    Zone code
    B3
    Property type
    Office buildings
    APN
    03-007383
    APU
    3007383

    Description

    This exceptional retail property at 43 N Bond St, Bel Air, MD 21014, offers two available commercial spaces totaling 2,800 square feet. Situated on a 0.247-acre lot in Harford County, this property is zoned B3 and boasts ample on-site parking, a significant advantage for both tenants and customers. Each suite is independently divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 1,600 square feet. Currently, the entire 2,800 square feet is vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for two separate businesses to establish themselves in this desirable location. The property's address is 43 N Bond St, conveniently located in Bel Air, Maryland. This versatile space is ideal for a variety of retail uses, benefiting from high visibility and easy access. The building's layout allows for flexible configurations to suit diverse business needs. The ample parking ensures convenient access for customers and employees. Don't miss this chance to secure a prime retail location in a thriving community. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.3509
    Latitude
    39.5368
    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
    2022
    $6,352
    $0.00
    $0.00
    $678,633
    -
    $447,800
    $255,500
    $703,300

    Comparable in this City

    • Value Estimation by Request
      113,276 SF

      2 Bond St

      OFFICE BUILDING • 113,276 SF
      2 Bond St, Bel Air, MD 21014-3746
      View Details
    • Value Estimation by Request
      26,742 SF

      120 Hays St

      OFFICE BUILDING • 26,742 SF
      120 Hays St, Bel Air, MD 21014-3615
      View Details
    • Value Estimation by Request
      49,560 SF

      220 Main St

      OFFICE BUILDING • 49,560 SF
      220 Main St, Bel Air, MD 21014-3820
      View Details
    • Value Estimation by Request
      960 SF

      4 Broadway

      OFFICE BUILDING • 960 SF
      4 Broadway, Bel Air, MD 21014-3546
      View Details
    • Value Estimation by Request
      1,600 SF

      1301 Churchville Rd

      OFFICE BUILDING • 1,600 SF
      1301 Churchville Rd, Bel Air, MD 21014-4760
      View Details
    • Value Estimation by Request
      2,900 SF

      1518 Churchville Rd

      OFFICE BUILDING • 2,900 SF
      1518 Churchville Rd, Bel Air, MD 21014-4753
      View Details

    Similar Nearby for Sale

    • $1,800,000
      4,641 SF

      Bel Air Office Building For Sale

      4,641 SF office building available in Bel Air, Maryland.
      808 Baltimore Pike, Bel Air, MD 21014
      View Details
    • $589,000
      3,240 SF

      Bel Air Office/Retail Opportunity

      Office and/or retail space near the Court House.
      30-34 S Main St, Bel Air, MD 21014
      View Details
    • $475,000

      Bel Air All-Brick Rancher

      Charming rancher in downtown Bel Air, ideal for residential or office.
      308 Fulford Ave, Bel Air, MD 21014
      View Details
    • $884,520
      4,212 SF

      Medical Office Condo For Sale

      Medical office condominium in Bel Air, MD, available for sale.
      4 North Ave, Bel Air, MD 21014
      View Details
    • $189,900
      1,000 SF

      Updated Condo with Private Balcony

      Updated 2-bedroom condo with modern kitchen and community amenities.
      224 Crocker Dr, Bel Air, MD 21014
      View Details
    • $750,000

      Corner Lot on Route 23

      1.15 acre commercial land with public utilities.
      Conowingo Rd, Bel Air, MD 21014
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      400 SF

      Stand Alone Office Building

      Stand alone office building minutes from Downtown Bel Air.
      754 N Hickory Ave, Bel Air, MD 21014
      View Details
    • $26 SF/Yr
      1,400 SF

      Renovated Office Space in Bel Air

      Newly renovated office space for lease in downtown Bel Air.
      20 Office St, Bel Air, MD 21014
      View Details
    • $850 /Mo
      57,499 SF

      Office Space Near Bel Air

      Office space for lease with utilities included near Bel Air.
      101 Victory Ln, Bel Air, MD 21014
      View Details
    • $2,000 /Mo
      14,810 SF

      Renovated Office Space in Bel Air

      Newly renovated office space with open layout and convenient location.
      909 S Main St, Bel Air, MD 21014
      View Details
    • New
      $575 /Mo
      9,148 SF

      Bel Air Lower-Level Office Unit

      Versatile office space in a desirable Bel Air location.
      1 Heighe St, Bel Air, MD 21014
      View Details
    • Contact for pricing
      503,774 SF

      Harford Mall Office Spaces

      Prime Retail & Office Space Available
      696a Bel Air Rd, Bel Air, MD 21014
      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.
    43 Bond St
    Bel Air, MD 21014-3530
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.