Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    403A Baltimore Pike Bel Air, MD 21014
    Back to Search
    Property profile & analytics

    403A Baltimore Pike Bel Air, MD 21014

    View on Map
    • Retail properties & Spaces
    • 22,356 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pep Boys Electric Vehicle Service / Auto Repair Shop
    • Auto Plus Auto Parts / Auto Parts Store
    • Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 403A Baltimore Pike

    Year built
    1993
    Property size
    22,356 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional single-tenant retail property, located at 403A Baltimore Pike in Bel Air, Maryland, 21014, offers 22,356 square feet on a single story building constructed in 1993. Currently, 13,674 square feet is available for lease. The existing tenant, Pep Boys, occupies a portion of the building and will continue its tire and auto repair operations. The available space, ranging from approximately 3,200 to 11,500 square feet, presents a unique opportunity for a variety of uses. Ideal tenants might include medical facilities (dialysis or plasma centers), childcare centers, doggie daycares, discount retailers, mattress/furniture stores, tool and hardware retailers, or automotive-related businesses that do not directly compete with the existing tenant's services (e.g., collision centers, auto glass shops, or auto parts stores that don't overlap with Pep Boys' offerings). The landlord is open to negotiating cash allowances, contingent upon a rent structure that ensures a reasonable return on investment. The length of the lease term is highly flexible due to the ownership structure. This high-traffic location provides excellent visibility and accessibility, making it an attractive investment opportunity for a discerning business. The property's size and layout offer considerable flexibility for tenant build-out and customization. This is a rare chance to secure a substantial retail space in a thriving Maryland market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.351
    Latitude
    39.5284

    Comparable in this City

    • Value Estimation by Request
      503,774 SF

      696a Bel Air Rd

      Restaurants • 503,774 SF
      696a Bel Air Rd, Bel Air, MD 21014
      View Details
    • Value Estimation by Request
      149,009 SF

      16 Hickory Ave

      PARKING GARAGE, PARKING STRUCTURE • 149,009 SF
      16 Hickory Ave, Bel Air, MD 21014
      View Details
    • Value Estimation
      $1,785,000
      5,192 SF

      411 Baltimore Pike

      AUTO REPAIR, GARAGE • 5,192 SF
      411 Baltimore Pike, Bel Air, MD 21014-4303
      View Details
    • Value Estimation
      $5,595,000
      23,371 SF

      1230 Baltimore Pike

      AUTO REPAIR, GARAGE • 23,371 SF
      1230 Baltimore Pike, Bel Air, MD 21014-5107
      View Details
    • Value Estimation
      $945,000
      2,462 SF

      705 Churchville Rd

      AUTO REPAIR, GARAGE • 2,462 SF
      705 Churchville Rd, Bel Air, MD 21014-3408
      View Details
    • Value Estimation
      $1,365,000
      11,957 SF

      726 Baltimore Pike

      AUTO REPAIR, GARAGE • 11,957 SF
      726 Baltimore Pike, Bel Air, MD 21014-4222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,600 SF

      Bel Air Retail Space Available

      Former Walgreens with drive-thru in the heart of Bel Air.
      585 Marketplace Dr, Bel Air, MD 21014
      View Details
    • $590,000
      Pending

      837 S MAIN STREET, BEL AIR, MD 21014

      Medical Office Space
      837 S Main St, Bel Air, MD 21014
      View Details
    • New
      $40,000
      1.08 Acres

      Bel Air Land for Sale

      1.08 acre lot in established Evergreen Heights neighborhood.
      Bonnie Ave, 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

    Similar Nearby for Lease

    • Contact for pricing

      Historic Bel Air Retail Space

      Located in the heart of Historic Bel Air, Maryland.
      100-104 N Main St, Bel Air, MD 21014
      View Details
    • $3,600 /Mo
      15,176 SF

      Turnkey Restaurant Space in Bel Air

      Second generation pizza restaurant/carryout space available for lease.
      426 S Main St, Bel Air, MD 21014
      View Details
    • Contact for pricing
      3,434 SF

      Retail Suites on Baltimore Pike

      Inline retail suites available in a high-traffic shopping center.
      331 Baltimore Pike, Bel Air, MD 21014
      View Details
    • Contact for pricing

      Harford Mall Retail & Office

      Retail and office spaces available within Harford Mall.
      696a Bel Air Rd, Bel Air, MD 21014
      View Details
    • $35 SF/Yr

      Premium Restaurant/Retail Space Available

      New mixed-use building with premium restaurant/retail space for lease.
      128 N Bond St, Bel Air, MD 21014
      View Details
    • $22 SF/Yr
      4,600 SF

      Retail Space on Baltimore Pike

      Retail space available for lease on Baltimore Pike.
      401 Baltimore Pike, 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.
    403A Baltimore Pike
    Bel Air, MD 21014
    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.

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    403A Baltimore Pike, Bel Air, MD, 21014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!