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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
10 Broadway Bel Air, MD 21014-3555
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0747880
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
BRICK
Total area
3,040 SF
Lot
0.29 ac (12,760 SF)
Zoning code
B3
APN
03-022757
UPID
US40-0747880
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Leyko J Nicholas DDS Dental Office
-
Bel Air Dental Associates Dental Office
-
RC Vanden Bosche DDS Dental Office
-
Light Body Massage & Healing Alternative Medicine Practice Spa & Massage Center
-
Raoul Vandenbosche Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Amsherwood LLC · 2 yrs held
Amsherwood LLC
since 2024
Last sale
$562,500
2 recorded transactions
Zoning & alternative use
B3 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-3 General Business District. A. Purpose. (1) The General Business District is designed to accommodate a wide range of commercial establishments. Uses in this district serve a wide area and tend to generate high volumes of vehicular traffic. This district is intended to accommodate more intense commercial and mixed-use development and to implement the goals…
Zone name
General Business
General category
COMMERCIAL
Zone area
351.22 ac
Top alternative use upside
Commercial (general)
$645,000
+226.8%
Office building
$525,000
+164.5%
Retail stores
$450,000
+128.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bel Air submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bel Air submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$565,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$645,000
Change: +227% · Conversion: Easy
OFFICE BUILDING
$525,000
Change: +165% · Conversion: Easy
RETAIL STORES
$450,000
Change: +128% · Conversion: Difficult
AUTO REPAIR, GARAGE
$400,000
Change: +102% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $563k (Jan 22 2024)
Last sale anchor
$563k
Jan 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$186 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,762
Tax year 2022
Assessed value
$503,333
Assessed 2023
Previous assessed
$503,333
+0.0% YoY
Effective rate
0.95%
On assessed value
Land market value
$153,800
Improvement market value
$357,200
Total market value
$511,000
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
3,040 SF
Lot
0.29 ac (12,760 SF)
Zoning code
B3
APN
03-022757
UPID
US40-0747880
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Bel Air, MDZoning B3 · permitted uses
B3 · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-3 General Business District. A. Purpose. (1) The General Business District is designed to accommodate a wide range of commercial establishments. Uses in this district serve a wide area and tend to generate high volumes of vehicular traffic. This district is intended to accommodate more intense commercial and mixed-use development and to implement the goals of the Economic Development Element of the Town of Bel Air Comprehensive Plan. (2) These areas are located along major transportation corridors and should be developed in a sensitive manner to ensure compatible architecture and site design consistent with a major gateway. Campus-style development patterns with multilevel buildings, service, retail and institutional uses in a park-like setting are encouraged. The district should satisfy regional needs for large-scale institutional and commercial development. B. General regulations. [Amended 4-3-2017 by Ord. No. 780-17 ] (1) Customary home occupations and professional services may be permitted in accordance with the performance standards set forth in Article VII . A home occupation certificate is required. (2) [1] Development shall enhance the visual approach to the Town by providing an attractive gateway to the Town. [1]
Zone name
General Business
General category
COMMERCIAL
Zone area
351.22 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$645,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$400,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Amsherwood LLC
Entity
Mailing address
3338 INCLINE CT, STREET, MD 21154-1658
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Amsherwood LLC
—
Deed
related
$450,000 · Farmers & Merchants Bank
Jan 22, 2024
$562,500
Amsherwood LLC
Anni Margarete Schreiber
Deed
$450,000 · Sandy Spring Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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