New search
Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office buildings
2231 Conowingo Rd, Bel Air, MD 21015-1466
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-1531789
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
BRICK
Total area
5,894 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CI
APN
03-090728
UPID
US40-1531789
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
-
Office on Mental Health/Core Service Agency of Harford Co Crisis Center Medical Clinic
-
Jessica Boyle Tsottles, Boyle & Kahoe Real Estate Real Estate Agency
-
Boyle & Kahoe Real Estate Real Estate Agency
-
Site Services General Contractor Construction Company
-
Dahan Homes Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$940k
Owner & transaction history
2231 Conowingo LLC · 9 yrs held
2231 Conowingo LLC
since 2017
7 recorded transactions
Zoning & alternative use
CI · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+8.3%
Commercial (general)
$1.4M
+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
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
$1,355,000
Current use
RETAIL STORES
$1,470,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,370,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$159 / 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
$7,630
Tax year 2022
Assessed value
$719,200
Assessed 2023
Previous assessed
$694,600
+3.5% YoY
Effective rate
1.06%
On assessed value
Land market value
$219,800
Improvement market value
$548,600
Total market value
$768,400
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
1963
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Total area
5,894 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CI
APN
03-090728
UPID
US40-1531789
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
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
1963
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
2231 Conowingo LLC
Entity
Mailing address
301 PROSPECT ML RD, BEL AIR, MD 21015-1517
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
—
2231 Conowingo LLC
—
Deed
related
$75,000 · Fulton Bk NA
Mar 15, 2017
—
2231 Conowingo LLC
Andrew D Tsottles
Deed
$505,000 · The Columbia Bank
Oct 21, 2015
—
Haron Dahan Foundation INC
Dahan Haron
Quit Claim Deed
related
—
Oct 21, 2015
$600,000
Andrew D Tsottles
Haron Dahan Foundation INC
Grant Deed
—
May 4, 2015
—
Haron Dahan Foundation INC
Dahan Haron
Quit Claim Deed
—
—
—
Andrew Tsottles
—
Deed Of Trust
related
$500,000 · Haron Dahan Foundation INC
—
—
2231 Conowingo LLC
—
Deed Of Trust
related
$75,000 · Fulton Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2231 Conowingo Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
