Property profile

1510 Conowingo Rd Bel Air, MD 21014

FOR LEASE
Strip malls
Property ID
US40-0998010
10,200 SF 1.26 ac lot Built 2001
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,000 square foot retail space presents a rare opportunity in the desirable Bel Air submarket of Hickory. Located at the high-traffic intersection of US 1 and Business 1, this property boasts a prime location with excellent demographics. The space is part of a larger, single-story, 10,800 square foot Class B building constructed in 2000. This is the first vacancy in 25 years, offering a unique chance to establish a business in a well-established area. The unit features a 12-foot ceiling height and is fully finished, ready for immediate occupancy. The space is divisible to a minimum of 3,000 square feet, with a maximum contiguous space of 3,000 square feet currently available. The building does not have elevators. The property is zoned B-3, allowing for a variety of retail uses. This is an ideal location for businesses seeking high visibility and access to a strong customer base. Don't miss this chance to secure a prominent retail presence in a thriving community.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction BRICK
Total area 10,200 SF
Lot 1.26 ac (54,886 SF)
Zoning code B3
APN 03-335852
UPID US40-0998010

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
  • Pharmacy
  • Grocery & Convenience Store Specialty Food Shop
  • Atm
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Restaurant

Location

1510 Conowingo Rd Bel Air, MD 21014
Bel Air metro Census 303201 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$576k
Blend (final) Blend
$575k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2001
Price N/A
1969
Price N/A

Zoning & alternative use

B3 · Bel Air, MD
Zoning description

B-3 General Business District. A. Purpose. (1) The General Business District is designed to accommodate a wide range of commercial establishments. Uses in this district serve a wide area and tend to generate high volumes…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $865,000 +112.3%
Industrial (general) $665,000 +62.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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