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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Office buildings
2107 Laurel Bush Rd, Bel Air, MD 21015-6181
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0270479
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
35,259 SF
Lot
2.58 ac (112,385 SF)
Zoning code
B3
APN
01-178474
UPID
US40-0270479
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
-
Emmorton Professional Center Business Service Center Corporate Office
-
Dr. Kim K. Solberg, MD Physician
-
Notable Life Counseling Services LLC Counselor
-
Wellness & Co. - Individual and Couples Therapy, Harford County, Maryland Marriage Or Relationship Counselor
-
Kendra A. O'Hora, LLC Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.53M
CAP Approach
CAP
$4.06M
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$5.44M
Owner & transaction history
2107 Laurel Bush Tpi LLC · 6 yrs held
2107 Laurel Bush Tpi LLC
since 2020
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
B3 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+8.3%
Commercial (general)
$8.2M
+0.8%
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
$6,575,000
ML approach
$6,525,000
CAP Approach
CAP Return
Estimation
6%
$4,395,000
6.5%
$4,055,000
7%
$3,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,120,000
Current use
RETAIL STORES
$8,790,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,180,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±10% · vs last sale $4.85M (Feb 14 2020)
Last sale anchor
$4.85M
Feb 14 2020
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
$154 / 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
$35,435
Tax year 2022
Assessed value
$3,327,700
Assessed 2023
Previous assessed
$3,251,200
+2.4% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,193,000
Assessed improvement
$1,134,700
Land market value
$2,193,000
Improvement market value
$1,134,700
Total market value
$3,327,700
Applied tax rate
1.0000
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
1987
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
35,259 SF
Lot
2.58 ac (112,385 SF)
Zoning code
B3
APN
01-178474
UPID
US40-0270479
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Bel Air, MD
Zoning B3 · permitted uses
B3 · 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
OFFICE BUILDING Current
Est. value
$8.1M
RETAIL STORES
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.2M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (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
1987
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
2107 Laurel Bush Tpi LLC
Entity
Mailing address
706 GIDDINGS AVE STE #400, ANNAPOLIS, MD 21401-1427
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
2107 Laurel Bush Tpi LLC
—
Deed
related
$150,000 · Arundel Federal Savings Bank
Feb 14, 2020
$4,850,000
2107 Laurel Bush Tpi LLC
Emmorton Road Associates LLC
Grant Deed
$3,395,000 · Arundel Fsb
Aug 3, 2016
—
Emmorton Road Associates LLC
—
Deed
related
$2,800,000 · Howard Bk
Jun 30, 2000
$1,290,000
Emmorton Road Associates LLC
Whcli Real Estate LP
Grant Deed
$1,280,000 · Rosedale Federal S & L Assn
May 30, 1997
$1,287,704
Whcli Real Estate LP
Madison Green Property LLC
Grant Deed
$80,216,379 · Credit Suisse 1st Bost Mtg LLC
—
—
Emmorton Road Associates LLC
—
Deed Of Trust
related
$2,800,000 · Howard Bk
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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