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    Property profile & analytics

    119 Bel Air Ave Aberdeen, MD 21001

    • Retail space
    • 5,000 SF
    • 0.29 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $900,000
    Last Sale
    May 10, 2023
    $900,000
    Location Intelligence
    Property ID
    US40-2107006
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Johnson Family Pharmacy / Pharmacy
    • TheNutRoasters, LLC / Caterer

    Property Details for 119 Bel Air Ave

    Year built
    2005
    Lot size
    0.29 lot acres
    Property size
    5,000 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    02-029502
    APU
    2029502

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $880,000
      6.5%
      $845,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $770,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $845,000
      Mixed-Use
      $805,000
      Hospitality
      $960,000
      Educational
      $805,000
      Residential Income
      $790,000
      Energy
      $845,000
      Income-Based Land
      $780,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Harford
    State
    Maryland
    Longitude
    -76.1661
    Latitude
    39.5107
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,638
    $162,500
    $430,500
    $593,000
    -
    $162,500
    $430,500
    $593,000

    Comparable in this City

    • Value Estimation by Request
      15,250 SF

      950 Beards Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,250 SF
      950 Beards Hl Rd, Aberdeen, MD 21001-1733
      View Details
    • Value Estimation by Request
      5,355 SF

      232 Philadelphia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,355 SF
      232 Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Value Estimation
      $325,000
      5,910 SF

      109 Bel Air Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,910 SF
      109 Bel Air Ave, Aberdeen, MD 21001-3221
      View Details
    • Value Estimation by Request
      11,280 SF

      3700 Churchville Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,280 SF
      3700 Churchville Rd, Aberdeen, MD 21001-1215
      View Details
    • Value Estimation
      $305,000
      2,000 SF

      29 Parke St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      29 Parke St, Aberdeen, MD 21001-2437
      View Details
    • Value Estimation by Request
      5,486 SF

      1226 Philadelphia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,486 SF
      1226 Philadelphia Blvd, Aberdeen, MD 21001-3975
      View Details

    Similar Nearby for Sale

    • $2,000,000
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      Commercial Property with Development Potential

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      Aberdeen Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
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      Aberdeen Retail Investment Opportunity

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      Retail Property in Aberdeen, MD

      Retail property available for sale in Aberdeen, Maryland.
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    Similar Nearby for Lease

    • $2,300 /Mo

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    • Contact for pricing
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      Retail Space Near Ripken Stadium

      Retail space for lease near Leidos Field at Ripken Stadium.
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      Retail Space Near Ripken Stadium

      Retail space for lease near Leidos Field at Ripken Stadium.
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    • $3,500 /Mo

      Retail Space on Pulaski Highway

      Retail space available on heavily traveled Pulaski Highway.
      1325 S Philadelphia Blvd, Aberdeen, MD 21001
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    • $17 SF/Yr
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      Retail Space in Aberdeen, MD

      Retail space available for lease in Aberdeen, Maryland.
      33-37 W Bel Air Ave, Aberdeen, MD 21001
      View Details
    • $5,000 /Mo

      Retail Pad Site For Rent

      Pad site suitable for fast food or general retail.
      610 S Philadelphia Blvd, Aberdeen, MD 21001
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    119 Bel Air Ave
    Aberdeen, MD 21001
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    Realmo Value Estimation

    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.

    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.

    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
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