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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Community centers
2106 Fountain Grn Rd, Bel Air, MD 21015-1414
Entity Owned
7-yr Hold
Property ID
US40-0978242
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2023
Total area
11,652 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CI
APN
03-028143
UPID
US40-0978242
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
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$715k
Owner & transaction history
Incisor Capital LLC · 7 yrs held
Incisor Capital LLC
since 2019
4 recorded transactions
Zoning & alternative use
CI · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$990,000
+112.3%
Industrial (general)
$760,000
+62.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Current use
WAREHOUSE, STORAGE
$990,000
Change: +112% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$760,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$61 / 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
$5,608
Tax year 2022
Assessed value
$3,543,667
Assessed 2023
Previous assessed
$514,500
+588.8% YoY
Effective rate
0.16%
On assessed value
Land market value
$514,500
Improvement market value
$3,130,300
Total market value
$3,644,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2023
Heating
STEAM
Cooling
YES
Buildings
3
Stories
1
Units
3
Bathrooms
1
Total area
11,652 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CI
APN
03-028143
UPID
US40-0978242
Jurisdiction
HARFORD
Zoning & alternative use
CI · Bel Air, MD
Zoning CI · permitted uses
CI · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bel Air. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER 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
2023
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
3
Units
3
Bathrooms
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Incisor Capital LLC
Entity
Mailing address
2106 N FOUNTAIN GRN RD, BEL AIR, MD 21015-1414
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 26, 2019
$685,000
Incisor Capital LLC
Caldicot Partners LLC
Deed
$342,500 · M & T Bank
Apr 15, 2019
—
Caldicott Partners 2 LLC
Caldicott Partners 2 LLC
Quit Claim Deed
related
—
Jun 8, 2017
$347,260
Caldicot Partners 2 LLC
Anderson Virginia L
Grant Deed
—
Jan 7, 2000
—
Department Of Transportation
Anderson,john B & Virginia L
Grant Deed
related
—
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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