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Property profile & analytics
FOR LEASE
Medical Office Space
208 Fulford Ave Bel Bel Air, MD 21014
Individually Owned
2-yr Hold
Free & Clear
Property ID
US40-0726938
For Lease
1 / 3
Contact for pricing
208 Fulford Ave,Unit Bel, Bel Air, MD 21014
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
BRICK
Total area
1,344 SF
Lot
0.31 ac (13,650 SF)
Zoning code
RO
APN
03-007731
UPID
US40-0726938
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
-
Judy Yudita Melamed Dental Office
-
John Gordon Mullally Dental Office
-
Dr. John Mullally Dental Office
-
Dr. Brynne Reece Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark Sheppard · 2 yrs held
Mark Sheppard
since 2024
Last sale
$499,000
3 recorded transactions
Zoning & alternative use
RO · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Applicable regulations for architecture and site design contained in RO Residential Office District, § 165-28B shall apply in the B-1 Limited Business District. Certain uses are subject to performance standards specified in Article VII of this Part 2 . [Amended 4-3-2017 by Ord. No. 780-17 ; 7-17-2023 by Ord. No. 813-23 ] [2]
Zone name
Residential Office
General category
MIXED_USE
Zone area
34.32 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,551
Tax year 2022
Assessed value
$385,733
Assessed 2023
Previous assessed
$372,500
+3.6% YoY
Effective rate
0.92%
On assessed value
Land market value
$155,900
Improvement market value
$256,300
Total market value
$412,200
Applied tax rate
300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1993
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
1,344 SF
Lot
0.31 ac (13,650 SF)
Zoning code
RO
APN
03-007731
UPID
US40-0726938
Jurisdiction
HARFORD
Zoning & alternative use
RO · Bel Air, MDZoning RO · permitted uses
RO · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Applicable regulations for architecture and site design contained in RO Residential Office District, § 165-28B shall apply in the B-1 Limited Business District. Certain uses are subject to performance standards specified in Article VII of this Part 2 . [Amended 4-3-2017 by Ord. No. 780-17 ; 7-17-2023 by Ord. No. 813-23 ] [2]
Zone name
Residential Office
General category
MIXED_USE
Zone area
34.32 ac
Building & site characteristics
From public records
Year built
1993
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mark Sheppard
Individual
Free & Clear · 2 yrs held
Mailing address
1303 GLENVILLE RD, HAVRE DE GRACE, MD 21078-1005
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$499,000
Mark Sheppard
Deborah M Turner
Deed
—
Oct 25, 2007
—
Deborah M Turner
Turner,clark P & Deborah M
Quit Claim Deed
related
—
—
—
Deborah M Turner
—
Deed Of Trust
related
$80,013 · Moxley Lefferage B (es)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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