Property profile

119 Bel Air Ave Aberdeen, MD 21001

OFF-MARKET
Retail space
Property ID
US40-2107006
5,000 SF 0.29 ac lot Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000 square foot retail space, located at 119 W Bel Air Ave in Aberdeen, Maryland, presents a unique investment opportunity. Built in 2005, this single-story building sits on a 2.87-acre lot and boasts a 400 AMP power supply. The property is zoned TOD, reflecting its strategic location near major transportation arteries. Currently vacant, this fully built-out space is ideal for a pharmacy or similar retail use. The high-traffic location sees 11,730 cars daily, and the property benefits from proximity to the intersection of Routes 40 and 22, serving a population of 54,000 within a 5-mile radius. The lease rate is $6,000 per month, NNN. This property offers significant potential for a discerning tenant seeking a well-situated, ready-to-occupy retail space in a thriving Harford County market. The property's single-tenant occupancy and ample parking further enhance its appeal. The building's single-story design and substantial square footage provide flexibility for various retail configurations. This is a rare opportunity to secure a prime retail location in a high-demand area. The property's zoning and location make it an attractive proposition for businesses seeking high visibility and accessibility. The 21001 zip code ensures a strong local customer base.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 5,000 SF
Lot 0.29 ac (12,500 SF)
Zoning code B2
APN 02-029502
UPID US40-2107006

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
  • Pharmacy
  • Take-out & Catering Catering Service

Location

119 Bel Air Ave Aberdeen, MD 21001-3221
Aberdeen metro Census 302901 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
$1.09M
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$925k

Owner & transaction history

since 2023
Last sale
$900,000
2 recorded transactions
2023
$900,000
2004
$107,185

Zoning & alternative use

B2 · Aberdeen, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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