Entity Owned 
For Sale
1 / 5
$690,000
101 Victory Ln, Bel Air, MD 21014
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Property summary
AI-generated overview
This office property is located in Bel Air, Maryland, approximately one mile from Bel Air, with quick access to Route 24 and ample on-site parking. The building is configured as multiple office suites, with the site capable of being leased as individual units or as a package of multiple suites. It is suitable for office uses, including functions such as a construction office or contractor administration, and it includes a yard area with a container option measuring 19'11" by 12'. Utilities are provided by the landlord, and some furniture may be available with certain suites.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1947
Construction
BRICK
Total area
6,480 SF
Lot
1.32 ac (57,499 SF)
Zoning code
R2
APN
03-040755
UPID
US40-0329648
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
-
Landscaping General Contractor
-
General Contractor Security Service
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$690k
Owner & transaction history
since 2022
Last sale
$675,000
2 recorded transactions
Zoning & alternative use
R2 · Bel Air, MD
Zoning description
R-2 Medium-Density Residential District. [Amended 4-3-2017 by Ord. No. 780-17 ] A. Purpose. The Medium-Density Residential District is designed primarily to accommodate single-family housing and attached units with appro…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$690k
Value range
$621k – $759k
±10% around blend
Estimated value / SF
$106 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
Income certainty
100
$621k
blend $690k
$759k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,480 SF
Lot area
1.32 ac
Year built
1947
Stories
1
APN
03-040755
Zoning
R2
Assessed value
$400,867
Annual tax
$4,253
3
Income approach: direct capitalization
Partial preview
Income approach indication
$735k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$795k
@ 6.5% CAP return
$735k
@ 7% CAP return
$685k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$4,253
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.15M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
19.2 mi away · 8,000 SF
20.7 mi away · 6,474 SF
23.9 mi away · 7,930 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$690k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 58 sales
$178
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $106/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.90%
Selected cap rate for this other warehouses
Derived from the Bel Air market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.90%
9.0%
NOI (est.)
$36k *
Last sale · Dec 2022
$675k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$529k
Move the market yield to see immediate price impact.
Value / SF
$82
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.40%6.90%7.40%
$33k
$513k
$476k
$444k
$36k
$570k
$529k
$493k
$40k
$627k
$582k
$542k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.28M
3.4 mi · Jan 2026 · $231/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,253
Tax year 2022
Assessed value
$400,867
Assessed 2023
Previous assessed
$390,200
+2.7% YoY
Effective rate
1.06%
On assessed value
Land market value
$192,600
Improvement market value
$229,600
Total market value
$422,200
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1947
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,480 SF
Lot
1.32 ac (57,499 SF)
Zoning code
R2
APN
03-040755
UPID
US40-0329648
Jurisdiction
HARFORD
Zoning & alternative use
R2 · Bel Air, MDZoning R2 · permitted uses
R2 · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
R-2 Medium-Density Residential District. [Amended 4-3-2017 by Ord. No. 780-17 ] A. Purpose. The Medium-Density Residential District is designed primarily to accommodate single-family housing and attached units with appro…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R2
RESIDENTIAL
Jurisdiction
Bel Air, MD
Recorded code
R2
Official district
R2
Official district profile
What the municipal code says about R2
Zoning description
R-2 Medium-Density Residential District. [Amended 4-3-2017 by Ord. No. 780-17 ] A. Purpose. The Medium-Density Residential District is designed primarily to accommodate single-family housing and attached units with appro…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Bel Air, MD.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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