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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Banks
203 Bel Air Ave, Aberdeen, MD 21001
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2323195
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1963
Construction
BRICK
Total area
3,957 SF
Lot
0.6 ac (26,000 SF)
Zoning code
B2
APN
02-013452
UPID
US40-2323195
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
-
Halls Cross Roads Elementary School High School
-
AA Askew & Company, LLC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Trb Xv LLC · 2 yrs held
Trb Xv LLC
since 2024
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
B2 · Aberdeen, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+38.0%
Auto repair, garage
$550,000
+10.8%
Office building
$535,000
+7.4%
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$495,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Apr 17 2024)
Last sale anchor
$700k
Apr 17 2024
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
$177 / 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
$6,210
Tax year 2022
Assessed value
$652,200
Assessed 2023
Previous assessed
$652,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$377,000
Assessed improvement
$275,200
Land market value
$377,000
Improvement market value
$275,200
Total market value
$652,200
Applied tax rate
200.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1963
Construction
BRICK
Heating
HOT WATER
Stories
1
Units
1
Total area
3,957 SF
Lot
0.6 ac (26,000 SF)
Zoning code
B2
APN
02-013452
UPID
US40-2323195
Jurisdiction
HARFORD
Zoning & alternative use
B2 · Aberdeen, MD
Zoning B2 · permitted uses
B2 · Aberdeen, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aberdeen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$550,000
OFFICE BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$530,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1963
Construction
BRICK
Heating
HOT WATER
Stories
1
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Trb Xv LLC
Entity
Mailing address
214 W BEL AIR AVEC, ABERDEEN, MD 21001-2487
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
$700,000
Trb Xv LLC
Kash Investments Group LLC
Deed
$800,000 · Freedom FCU
Jul 25, 2017
$660,000
Kash Investments Group
Br Md Properties LP
Deed
$660,000 · The Columbia Bank
Jan 22, 2009
$1,100,000
Br-md Properties
Nbrs Finl Bk
Grant Deed
—
Mar 9, 2005
$543,600
Nbrs Financial
Susquehanna Bank
Grant Deed
—
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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