1918 Bel Air Rd Fallston, MD 21047-2768
Property Lookup
Property profile & analytics
1918 Bel Air Rd Fallston, MD 21047-2768
- Strip malls
- 3,600 SF
- 0.47 lot acres
Property ID
US40-1931543
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.
Location Intelligence
Current Use by Public Records
- The Local / Restaurant
Property Details for 1918 Bel Air Rd
- Year built
- 2016
- Lot size
- 0.47 lot acres
- Property size
- 3,600 SF
- Zone code
- B3
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 03-398723
- APU
- 3398723
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving 3,600 square foot restaurant, "The Local," located at 1918 Belair Rd, Fallston, MD 21047. The property boasts a strong 9.70% cap rate and a substantial net operating income (NOI) of $252,000. The restaurant operates under a triple-net (NNN) lease with a remaining term of approximately 9.4 years, expiring March 30, 2034, and includes two five-year renewal options. The lease features attractive 2% annual rental increases throughout the base term and option periods, minimizing landlord responsibilities. Situated on a 0.47-acre lot, the building was constructed in 2016. The property benefits from high visibility and excellent access on Belair Road/Route 1 (30,382 vehicles per day), a major thoroughfare leading into Baltimore. The surrounding area features a dense and affluent demographic, with over 23,500 residents within a 3-mile radius and over 101,900 within 5 miles, boasting average household incomes between $137,675 and $153,143. The tenant, "The Local," is operated by the award-winning Evolved Hospitality Group and Chef Zack Trabbold, recognized for culinary excellence. The property's adjacency to a 24-hour Waffle House provides ample parking, particularly during evening hours. This prime location is surrounded by numerous national retailers, including Dunkin', Royal Farms, Walmart, Chipotle, and several auto dealerships, ensuring high foot traffic and strong consumer demand. The asking price is $2,600,000, translating to a price per square foot of $722.22. This presents a compelling investment opportunity with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,375,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fallston
- County
- Harford
- State
- Maryland
- Longitude
- -76.3896
- Latitude
- 39.4978
- 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
$8,665
$0.00
$0.00
$817,367
-
$550,100
$312,000
$862,100
