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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
218 Fulford Ave, Bel Air, MD 21014-3814
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-1764984
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
1,998 SF
Lot
0.21 ac (9,075 SF)
Zoning code
RO
APN
03-011682
UPID
US40-1764984
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
-
Laura A. Barwick CPA, LLC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$505k
Owner & transaction history
Lbdb Holdings LLC · 9 yrs held
Lbdb Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
RO · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$625,000
+45.7%
Retail stores
$500,000
+16.2%
Commercial (general)
$455,000
+5.8%
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
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
$430,000
Current use
AUTO REPAIR, GARAGE
$625,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$455,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$355,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$253 / 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
$6,416
Tax year 2022
Assessed value
$696,967
Assessed 2023
Previous assessed
$673,000
+3.6% YoY
Effective rate
0.92%
On assessed value
Land market value
$171,000
Improvement market value
$573,900
Total market value
$744,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
1,998 SF
Lot
0.21 ac (9,075 SF)
Zoning code
RO
APN
03-011682
UPID
US40-1764984
Jurisdiction
HARFORD
Zoning & alternative use
RO · Bel Air, MD
Zoning 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
Bel Air. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$355,000
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
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Lbdb Holdings LLC
Entity
Mailing address
218 FULFORD AVE, BEL AIR, MD 21014-3814
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
—
Lbdb Holdings Lcl
—
Deed
related
$580,000 · Sandy Spring Bank
Jun 26, 2017
—
Lbdb Holdongs
—
Deed
related
$50,000 · Hamilton Bank
Jun 16, 2017
$695,000
Lbdb Holdings LLC
Atlantis Ventures LLC
Deed
$595,000 · Hamilton Bank
Jun 4, 2012
$220,000
Atlantis Ventures LLC
Katz Ronald B
Trustees Deed
related
—
Mar 16, 2007
$500,000
Robert B Boyle
Dane T Humphreys
Deed
$400,000 · Branch Banking And Trust Co
Feb 10, 2000
$210,000
Dane T Humphreys
Prabhu,ganesh & Ramola
Grant Deed
$181,000 · Bank Of America
Sep 26, 1997
$142,000
Ganesh Prabhu
Hyman,mark P
Grant Deed
$160,000 · Encore Mortgage Service
—
—
Atlantic Ventures LLC
—
Deed Of Trust
related
$120,250 · Branch Banking & Trust Co
—
—
Diane T Humphreys
—
Deed Of Trust
related
$232,000 · Manufacturers Traders & Trust
—
—
Dane T Humphreys
—
Deed Of Trust
related
$215,000 · Mercantile County Bank
—
—
Dane T Humphreys
—
Deed Of Trust
related
$224,000 · Mercantile County 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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