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    1435 Handlir Dr Bel Air, MD 21015-6602
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    Property profile & analytics

    1435 Handlir Dr, Bel Air, MD 21015-6602

    View on Map
    • Motels
    • 41,791 SF
    • 2.62 lot acres
    Off-Market
    Property ID
    US40-1031748
    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.
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Country Inn & Suites by Radisson, Bel Air/Aberdeen, MD / Hotel & Motel

    Property Details for 1435 Handlir Dr

    Year built
    2002
    Construction
    BRICK
    Lot size
    2.62 lot acres
    Zone code
    B2 B3
    Property type
    Motels
    APN
    01-302728
    APU
    1302728

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 3, 2000 $775,000 Mansi Enterprises INC S3 LLC Grant Deed —
    — — Mansi Ents INC — Deed Of Trust · related $1M · Mercantile County Bank
    — — Mansi Ents INC — Deed Of Trust · related $5.4M · Mercantile County Bank
    — — Mansi Ents INC — Deed Of Trust · related $3.9M · Access National Bank
    — — Asha Hospitality INC — Deed Of Trust · related $13.6M · Cantor Commercial Real Estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,260,000
      Market price range: $734k - $1.65M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,130,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.2526
    Latitude
    39.4813
    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
    $51,483
    $2,358,000
    $2,365,600
    $4,723,600
    -
    $2,358,000
    $2,365,600
    $4,723,600

    Comparable in this City

    • Value Estimation
      $1,060,000
      47,993 SF

      4200 Philadelphia Rd, Unit 4216

      MOTEL
      4200 Philadelphia Rd, Bel Air, MD 21015-6626
      View Details
    • Value Estimation
      $1,485,000
      65,494 SF

      1420 Handlir Dr

      MOTEL
      1420 Handlir Dr, Bel Air, MD 21015-6600
      View Details
    • Value Estimation
      $1,750,000
      56,688 SF

      4160 Philadelphia Rd

      HOTEL
      4160 Philadelphia Rd, Bel Air, MD 21015-6603
      View Details
    • Value Estimation by Request
      130,193 SF

      Rte. 22 & Brierhill Dr

      Neighborhood centers
      0 Rte. 22 & Brierhill Dr, Bel Air, MD 21015
      View Details
    • Value Estimation by Request
      5.52 Acres

      1335 Macphail Rd

      COUNTRY CLUB
      1335 Macphail Rd, Bel Air, MD 21015-5608
      View Details
    • Value Estimation by Request
      0.70 Acres

      4100 Philadelphia Rd

      VACANT COMMERCIAL LAND
      4100 Philadelphia Rd, Bel Air, MD 21015-6603
      View Details

    Similar Nearby for Sale

    • $180,000
      7.56 Acres

      Residential Land in Harford County

      7.56 acres of private, wooded land in Bel Air.
      2949 Conowingo Rd, Bel Air, MD 21015
      View Details
    • Contact for pricing

      Land For Sale Bel Air

      Land available for sale in Bel Air, Maryland.
      1802 N Fountain Green Rd, Bel Air, MD 21015
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      Highly Visible Development Site

      Two-acre development site ideal for retail or restaurant use.
      2247 Conowingo Rd, Bel Air, MD 21015
      View Details
    • Contact for pricing

      Bel Air Land Development Site

      47+ acre land parcel with approved site plan.
      301 Bosley Cir, Bel Air, MD 21015
      View Details
    • $135,333
      1.00 Acre

      Acre Lot in Bel Air

      One acre lot in Bel Air, Maryland for sale.
      2205 Thomas Run Rd, Bel Air, MD 21015
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bel Air Office Building For Lease

      Stand-alone office building in Harford County Business Corridor.
      2023 Emmorton Rd, Bel Air, MD 21015
      View Details
    • Contact for pricing

      Bright Oaks Courtyard Office Space

      Office space for rent in a central Harford County location.
      2021 Emmorton Rd, Bel Air, MD 21015
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Bel Air, Maryland.
      2024 E Churchville Rd, Bel Air, MD 21015
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space For Lease

      Retail space available for lease with ample parking.
      2217 E Churchville Rd, Bel Air, MD 21015
      View Details
    • Contact for pricing

      Bel Air Retail Sublease Opportunity

      4,102 SF Bel Air building with two drive-thru lanes.
      Bel, Bel Air, MD 21015
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 12,649 square feet.
      1201 E Churchville Rd, Bel Air, MD 21015
      View Details

    Property Visit Statistics

    • Visits by month
      11.2k
    • Visitors by month
      8.1k
    • Avg Time on site
      9 min
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    Bel Air, MD 21015-6602
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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