Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    203 Broadway Bel Air, MD 21014-2905
    Back to Search
    Property profile & analytics

    203 Broadway, Bel Air, MD 21014-2905

    View on Map
    • Retail residential properties
    • 2,126 SF
    • 0.20 lot acres
    Off-Market
    Property ID
    US40-0131197
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advantage Title Inc / Title Company
    • HPS Managment / Corporate Office

    Property Details for 203 Broadway

    Year built
    1920
    Lot size
    0.20 lot acres
    Zone code
    R2
    Property type
    Retail residential properties
    APN
    03-004627
    APU
    3004627

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2025 $475,000 Jk Williams Construction LLC Felix M Irwin III Deed —
    Jul 25, 2022 — Kimberly Ann Wachter Bruce G Berkey Intrafamily Transfer · related —
    Aug 31, 2018 — Felix M Irwin III — Deed · related $265k · Harford Bank
    — — Felix M Irwin III — Deed Of Trust · related $295k · Bank Of America
    — — Broadway 203 Associates LLP — Deed Of Trust · related $475k · Forest Hill State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.3503
    Latitude
    39.5418
    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
    $2,980
    $0.00
    $0.00
    $351,667
    -
    $90,100
    $281,100
    $371,200

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      14 Wakely Ter

      OFFICE/RESIDENTIAL (MIXED USE)
      14 Wakely Ter, Bel Air, MD 21014
      View Details
    • Value Estimation by Request
      2,327 SF

      32 Hickory Ave, Unit 9

      OFFICE/RESIDENTIAL (MIXED USE)
      32 Hickory Ave, Bel Air, MD 21014-3269
      View Details
    • Value Estimation by Request
      2,157 SF

      28 Gordon St

      OFFICE/RESIDENTIAL (MIXED USE)
      28 Gordon St, Bel Air, MD 21014-3511
      View Details
    • Value Estimation by Request
      1,979 SF

      100 Courtland Pl

      OFFICE/RESIDENTIAL (MIXED USE)
      100 Courtland Pl, Bel Air, MD 21014-3708
      View Details
    • Value Estimation by Request
      716 SF

      109 Churchville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      109 Churchville Rd, Bel Air, MD 21014
      View Details
    • Value Estimation by Request
      0.11 Acres

      6 Wakely Ter

      OFFICE/RESIDENTIAL (MIXED USE)
      6 Wakely Ter, Bel Air, MD 21014
      View Details

    Similar Nearby for Sale

    • $475,000

      Bel Air All-Brick Rancher

      Charming rancher in downtown Bel Air, ideal for residential or office.
      308 Fulford Ave, Bel Air, MD 21014
      View Details
    • $210,000

      Residential Land in Bel Air

      Land available in Rock Spring community, Bel Air. Public utilities.
      747 Roland Ave, Bel Air, MD 21014
      View Details
    • Contact for pricing
      Pending

      837 S MAIN STREET, BEL AIR, MD 21014

      Medical Office Space
      837 S Main St, Bel Air, MD 21014
      View Details
    • $40,000
      1.08 Acres

      Bel Air Land for Sale

      1.08 acre lot in established Evergreen Heights neighborhood.
      Bonnie Ave, Bel Air, MD 21014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premium Restaurant/Retail Space Available

      New mixed-use building with premium restaurant/retail space for lease.
      128 N Bond St, Bel Air, MD 21014
      View Details
    • Contact for pricing

      Prime Office/Retail Flex Space

      Convenient location near Harford Mall with recent renovations.
      227 Gateway Dr, Bel Air, MD 21014
      View Details
    • Contact for pricing

      Downtown Bel Air Office Building

      Two-story office building in the heart of downtown Bel Air.
      11-15 S Main St, Bel Air, MD 21014
      View Details
    • Contact for pricing

      Bel Air Office Space

      Office space available for rent in Bel Air, Maryland.
      6 Office St, Bel Air, MD 21014
      View Details
    • $22 SF/Yr

      Renovated Office Space Near Mall

      Modern office space with convenient access and ample parking.
      620 Boulton St, Bel Air, MD 21014
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space in Bel Air

      Retail space available in high-traffic Bel Air location.
      802-806 Conowingo Rd, Bel Air, MD 21014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    203 Broadway
    Bel Air, MD 21014-2905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    203 Broadway, Bel Air, MD, 21014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!