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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Warehouses
1226 Baltimore Pike, Bel Air, MD 21014-5140
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2277466
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
BRICK
Total area
10,000 SF
Lot
2.17 ac (94,525 SF)
Zoning code
B3
APN
03-057895
UPID
US40-2277466
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
-
KST Fiberglass Factory Production Facility
-
M & S Customs Auto Detailing Car Wash
-
Cutting Edge Glass Tinting Inc Interior Design Auto Repair Shop
-
Five Star Gourmet Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$2.05M
Owner & transaction history
Bel Air Commercial Park LLC · 3 yrs held
Bel Air Commercial Park LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
B3 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+76.1%
Retail stores
$2.5M
+40.5%
Commercial (general)
$2.3M
+27.9%
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
$2,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,775,000
Current use
AUTO REPAIR, GARAGE
$3,125,000
Change: +76% · Conversion: Easy
RETAIL STORES
$2,495,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,270,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$2,145,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.20M (Dec 30 2022)
Last sale anchor
$2.20M
Dec 30 2022
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
$205 / 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
$23,043
Tax year 2022
Assessed value
$2,142,500
Assessed 2023
Previous assessed
$2,114,200
+1.3% YoY
Effective rate
1.08%
On assessed value
Land market value
$1,212,400
Improvement market value
$986,700
Total market value
$2,199,100
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
BRICK
Heating
SPACE
Buildings
3
Stories
1
Units
3
Total area
10,000 SF
Lot
2.17 ac (94,525 SF)
Zoning code
B3
APN
03-057895
UPID
US40-2277466
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Bel Air, MD
Zoning B3 · permitted uses
B3 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1976
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
3
Units
3
Lot
2.17 ac
Current owner
From public records · entity-resolved
Bel Air Commercial Park LLC
Entity
Mailing address
1510 BEL AIR RD, BEL AIR, MD 21014-5112
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$2,200,000
Bel Air Commercial Park LLC
Fallston Business Park LLC
Deed
—
Dec 23, 2019
—
Fallston Business Park LLC
—
Deed
related
$1,500,000 · Ukrainian Selfreliance FCU
Nov 26, 2018
—
Fallston Business Park LLC
Fallston Business Park LLC
Quit Claim Deed
related
$1,425,000 · Homewood Fsb
Aug 12, 2014
$255,000
Soma LLC
Fallston Business Park LLC
Grant Deed
—
Mar 5, 2014
—
Fallston Business Park LLC
Ranieri,salvatore & Rosalie M
Grant Deed
—
Apr 16, 2003
$1,200,000
Fallston Business Park LLC
Ranieri,salvatore & Rosalie M
Grant Deed
$960,000 · Forest Hill State Bank
—
—
Fallston Business Park LLC
—
Deed Of Trust
related
$1,500,000 · Ukrainian Selfreliance FCU
—
—
Fallston Business Park LLC
—
Deed Of Trust
related
$50,000 · Pnc 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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