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Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Office buildings
112 Main St, Bel Air, MD 21014-3818
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1329583
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
BRICK
Total area
8,818 SF
Lot
0.21 ac (9,365 SF)
Zoning code
B2
APN
03-010201
UPID
US40-1329583
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
-
Home Agency Co of Maryland Inc Insurance Agency
-
Mid-Atlantic Title, LLC Law Firm
-
Brown, Snee, Young, Lutche & Helmlinger, P.A. Law Firm
-
Main Street Title Title Company
-
Snee Jr, Joseph F - Snee Lutche Helmlinger & Spielberger, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.79M
Owner & transaction history
Slh LLC · 2 yrs held
Slh LLC
since 2024
7 recorded transactions
Zoning & alternative use
B2 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+45.7%
Retail stores
$2.2M
+16.2%
Commercial (general)
$2.0M
+5.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,890,000
Current use
AUTO REPAIR, GARAGE
$2,755,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$2,200,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,000,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$1,565,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±10%
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
$202 / 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
$16,195
Tax year 2022
Assessed value
$1,776,700
Assessed 2023
Previous assessed
$1,776,700
+0.0% YoY
Effective rate
0.91%
On assessed value
Land market value
$430,900
Improvement market value
$1,501,600
Total market value
$1,932,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,818 SF
Lot
0.21 ac (9,365 SF)
Zoning code
B2
APN
03-010201
UPID
US40-1329583
Jurisdiction
HARFORD
Zoning & alternative use
B2 · Bel Air, MD
Zoning B2 · permitted uses
B2 · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bel Air. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1940
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Slh LLC
Entity
Mailing address
112 S MAIN ST, BEL AIR, MD 21014-3818
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
Slh LLC
Slh LLC
Deed
related
—
Dec 21, 2023
—
Slh LLC
Slh LLC
Intrafamily Transfer
related
—
Aug 30, 2022
—
William Laviers
Stephen D Laviers
Gift Deed
related
—
Mar 10, 2021
$285,000
Dede Gjoka
Christopher P Thomas
Deed
$228,000 · Bank Of America NA
Feb 22, 2019
—
Slhs LLC
Slhs LLC
Correction Deed
related
—
Aug 29, 2017
—
Smlh LLC
—
Grant Deed
related
$2,107,500 · Wells Fargo Bk
Oct 16, 2014
$1,600,000
Smlh LLC
Lhs LP
Grant Deed
—
—
—
Lhs LP
—
Deed Of Trust
related
$200,000 · Michael E Leaf
—
—
Lhs
—
Deed Of Trust
related
$900,000 · Mercantile County Bank
—
—
Lhs LP
—
Deed Of Trust
related
$1,440,000 · Harford Bank
—
—
Lhs LP
—
Deed Of Trust
related
$1,400,000 · Mercantile County Bank
—
—
Lhs LP
—
Deed Of Trust
related
$730,000 · Nbrs Financial 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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