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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Office buildings
2023 Emmorton Rd, Bel Air, MD 21015-6138
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0650865
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
6,495 SF
Lot
1.05 ac (45,738 SF)
Zoning code
B3
APN
01-101501
UPID
US40-0650865
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
-
Coldwell Banker: Linda Rosatelli Real Estate Agency
-
Martina Lewis, EXP Realty, LLC. Real Estate Agency
-
ProMD Health Bel Air Spa & Massage Center Alternative Medicine Practice
-
eXp Realty Real Estate Agency
-
Jim Piccione Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.89M
Owner & transaction history
2023 Emmorton Road LLC · 2 yrs held
2023 Emmorton Road LLC
since 2023
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
B3 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+51.7%
Auto repair, garage
$2.0M
+35.7%
Retail stores
$1.6M
+8.3%
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
$1,930,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,495,000
Current use
RESTAURANT
$2,270,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,030,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,620,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,505,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.88M (Oct 4 2023)
Last sale anchor
$1.88M
Oct 4 2023
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
$290 / 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
$19,423
Tax year 2022
Assessed value
$1,823,900
Assessed 2023
Previous assessed
$1,823,900
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$855,000
Assessed improvement
$968,900
Land market value
$855,000
Improvement market value
$968,900
Total market value
$1,823,900
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
2
Total area
6,495 SF
Lot
1.05 ac (45,738 SF)
Zoning code
B3
APN
01-101501
UPID
US40-0650865
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
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2000
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
2023 Emmorton Road LLC
Entity
Mailing address
2023 EMMORTON RDC, BEL AIR, MD 21015-6138
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$1,882,283
2023 Emmorton Road LLC
Robert C Ward
Deed
$1,318,000 · Harford Bank
Feb 22, 2021
—
Robert C Ward
—
Deed
related
$2,464,000 · Peoplesbank
—
—
Robert C Ward
—
Deed Of Trust
related
$1,687,500 · Harford National Bank
—
—
Robert C Ward
—
Deed Of Trust
related
$1,500,000 · Harford Bk
—
—
Robert C Ward
—
Deed Of Trust
related
$586,000 · Bay Net A Community 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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