Entity Owned Property summary
AI-generated overview
Bel Parke Plaza is a multi-tenant retail and office center constructed with brick and stucco materials, located in downtown Aberdeen, adjacent to Parke Place, South Parke, and Grace United Methodist Church. The center is configured to provide both retail and office use within a shared building. A 1,325-square-foot office suite within the property is fully built out with a reception area, one private office, an open work area, and a private bathroom, and includes 10-foot drop ceilings. The building provides rear and side locations for signage. Parking is available at the rear and along the street. The property is zoned TOD.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Construction
BRICK
Total area
10,500 SF
Lot
0.81 ac (35,282 SF)
Zoning code
B2
APN
02-028980
UPID
US40-1319783
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
-
Crisis Center Medical Clinic
-
Accounting Firm Tax Preparation
-
Hair Salon Nail Salon
-
Alternative Medicine Practice Spa & Massage Center
-
Tech Support Center IT Consulting Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
since 2023
Last sale
$900,000
1 recorded transaction
Zoning & alternative use
B2 · Aberdeen, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$925k
Value range
$833k – $1.02M
±10% around blend
Estimated value / SF
$88 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$833k
blend $925k
$1.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,500 SF
Lot area
0.81 ac
Year built
1952
Stories
1
APN
02-028980
Zoning
B2
Assessed value
$680,100
Annual tax
$6,483
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.21M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.31M
@ 6.5% CAP return
$1.21M
@ 7% CAP return
$1.12M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$925k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 58 sales
$202
-56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $88/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
8.50%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.50%
9.0%
NOI (est.)
$63k *
Last sale · Aug 2023
$900k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$741k
Move the market yield to see immediate price impact.
Value / SF
$71
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.00%8.50%9.00%
$57k
$709k
$667k
$630k
$63k
$788k
$741k
$700k
$69k
$866k
$815k
$770k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,483
Tax year 2022
Assessed value
$680,100
Assessed 2023
Previous assessed
$680,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$287,700
Assessed improvement
$392,400
Land market value
$287,700
Improvement market value
$392,400
Total market value
$680,100
Applied tax rate
200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1952
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,500 SF
Lot
0.81 ac (35,282 SF)
Zoning code
B2
APN
02-028980
UPID
US40-1319783
Jurisdiction
HARFORD
Zoning & alternative use
B2 · Aberdeen, MDZoning B2 · permitted uses
B2 · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1952
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B2
Jurisdiction
Aberdeen, MD
Recorded code
B2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Aberdeen, MD.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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