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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
2103 Bel Air Rd, Fallston, MD 21047-2719
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1405943
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
2,800 SF
Lot
1.13 ac (49,223 SF)
Zoning code
CI
APN
03-066223
UPID
US40-1405943
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
-
Adrianna Kopp, Realtor with RE/MAX Components Real Estate Agency
-
Aaron Hahn, RE/MAX Components Real Estate Agency
-
Christy Kopp-RE/MAX Components Real Estate Agency
-
Kym McDowell, REALTOR Real Estate Agency
-
Thi Dang Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$710k
Owner & transaction history
Le Reve LLC · 15 yrs held
Le Reve LLC
since 2011
1 recorded transaction
Zoning & alternative use
CI · Fallston, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+54.8%
Retail stores
$700,000
+23.5%
Commercial (general)
$640,000
+13.5%
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 Fallston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallston 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
OFFICE BUILDING
$565,000
Current use
AUTO REPAIR, GARAGE
$875,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$700,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$640,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$495,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$254 / 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
$10,334
Tax year 2022
Assessed value
$964,567
Assessed 2023
Previous assessed
$948,200
+1.7% YoY
Effective rate
1.07%
On assessed value
Land market value
$579,500
Improvement market value
$417,800
Total market value
$997,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,800 SF
Lot
1.13 ac (49,223 SF)
Zoning code
CI
APN
03-066223
UPID
US40-1405943
Jurisdiction
HARFORD
Zoning & alternative use
CI · Fallston, MD
Zoning CI · permitted uses
CI · Fallston, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$495,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2012
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Le Reve LLC
Entity
Mailing address
1919 YORK RD, TIMONIUM, MD 21093-4225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2011
$850,000
Le Reve LLC
Dail George E
Grant Deed
$638,500 · Dail George E (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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