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Property profile & analytics
OFF-MARKET Estimated value $10,345,000
Medical Office Space

12 Medstar Blvd Bel Air, MD 21015-1798

105,334 SF 16.27 ac lot Built 2016
Entity Owned 12-yr Hold Free & Clear
Property ID
US40-1079081
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2016
Total area 105,334 SF
Lot 16.27 ac (708,721 SF)
Zoning code B2
APN 01-336339
UPID US40-1079081
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.42M
Blend (final) Blend
$10.35M
Owner & transaction history
Medstar Ambulatory Svcs INC · 12 yrs held
Medstar Ambulatory Svcs INC
since 2014
4 recorded transactions
2014
$5.0M
2011
Price N/A
2011
Price N/A
2009
Price N/A
Zoning & alternative use
B2 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-2 Central Business District. [Amended 2-21-2012 by Ord. No. 748-12 ; 4-3-2017 by Ord. No. 780-17 ; 9-16-2019 by Ord. No. 792-19 ; 7-17-2023 by Ord. No. 813-23 ; 3-3-2025 by Ord. No. 840-25 ] A. Purpose. The Central Business District is established to: (1) Promote reuse, infill and redevelopment in Bel Air's traditional Town Center. (2) Encourage efficient…

Zone name Central Business
General category CIVIC_INSTITUTIONAL
Zone area 37.35 ac
Top alternative use upside
Retail stores $15.6M +128.3%
Auto repair, garage $13.8M +101.9%
Restaurant $12.5M +82.4%
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