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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Medical Office Space
208 Plumtree Rd Bel Air, MD 21015-6056
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US40-0862497
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
14,700 SF
Lot
1 ac (43,560 SF)
Zoning code
RO
APN
03-389537
UPID
US40-0862497
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
-
Endoscopic Microsurgery Associates Physician
-
Marcia Ribeiro Physician Medical Clinic
-
HAVA TILLIPMAN LADINSKY Physician Medical Clinic
-
Nina Elizabeth Ferrias Physician
-
Dr. Joseph Dirocco Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$805k
Blend (final)
Blend
$805k
Owner & transaction history
Bel Air Professional Center Ll · 16 yrs held
Bel Air Professional Center Ll
since 2010
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
Top alternative use upside
Warehouse, storage
$1.3M
+30.5%
Industrial (general)
$955,000
+0.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$955,000
Current use
WAREHOUSE, STORAGE
$1,250,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$955,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
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
$55 / 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
$24,065
Tax year 2022
Assessed value
$2,354,000
Assessed 2023
Previous assessed
$2,208,000
+6.6% YoY
Effective rate
1.02%
On assessed value
Land market value
$793,800
Improvement market value
$1,852,200
Total market value
$2,646,000
Applied tax rate
3.0000
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
Off-Market
Year built
2009
Heating
HEAT PUMP
Stories
1
Units
1
Total area
14,700 SF
Lot
1 ac (43,560 SF)
Zoning code
RO
APN
03-389537
UPID
US40-0862497
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$955,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (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
2009
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Bel Air Professional Center Ll
Individual
Mailing address
208 PLUMTREE RD STE D, BEL AIR, MD 21015-6056
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Aug 30, 2022
—
Bel Air Professional Center LLC
—
Deed
related
$3,207,000 · Bank Of America NA
Nov 22, 2016
—
Bel Air Professional Center LLC
—
Deed
related
$3,655,000 · Revere Bank
Jan 6, 2010
$3,454,500
Bel Air Professional Center Ll
Park Centre Of Plumtree LLC
Grant Deed
$3,360,000 · Susquehanna 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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