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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Drive through restaurants
2315 Bel Air Rd, Fallston, MD 21047-2740
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-2383962
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
BRICK
Total area
2,520 SF
Lot
13.77 ac (599,821 SF)
Zoning code
B3
APN
03-061337
UPID
US40-2383962
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
-
University of Maryland Urgent Care - Fallston (Formerly ChoiceOne) Medical Clinic
-
Harvest Fare Ace Building Supply Hardware & Home Improvement
-
Byte Federal Bitcoin ATM (Smitty's Fine Wine & Spirits) Crypto Atm Atm
-
MEREDITH ELLEN GRADY Physician
-
Evolved Catering and Events Center Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Fallston Village Center LLC · 10 yrs held
Fallston Village Center LLC
since 2015
7 recorded transactions
Zoning & alternative use
B3 · Fallston, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RESTAURANT
$880,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$387 / 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
$90,603
Tax year 2022
Assessed value
$10,252,133
Assessed 2023
Previous assessed
$8,313,000
+23.3% YoY
Effective rate
0.88%
On assessed value
Land market value
$2,882,700
Improvement market value
$11,247,700
Total market value
$14,130,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
2,520 SF
Lot
13.77 ac (599,821 SF)
Zoning code
B3
APN
03-061337
UPID
US40-2383962
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Fallston, MD
Zoning B3 · permitted uses
B3 · 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
RESTAURANT Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
13.77 ac
Current owner
From public records · entity-resolved
Fallston Village Center LLC
Entity
Mailing address
6841 ELM ST UNIT #486, MCLEAN, VA 22101-8018
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Fallston Village Center LLC
—
Deed
related
$8,100,000 · Fvcbank
Dec 26, 2019
—
Fallston Village Center LLC
—
Deed
related
$8,435,416 · First Va Cmnty Bk
Aug 22, 2016
—
Fallston Village Center LLC
—
Deed
related
$6,420,500 · First Va Cmnty Bk
Sep 11, 2015
$2,750,000
Fallston Village Center LLC
Lstar Fallston Mall Holding Company
Special Warranty Deed
—
Feb 11, 2004
$5,200,000
Jmj Fallston Properties LLC
141 Defense Highway LLC
Grant Deed
$4,200,000 · Susquehanna Bank
Dec 5, 2001
$2,750,000
141 Defense Highway LLC
Shipping Mall Investors Nv
Grant Deed
$2,300,000 · Mercantile-safe Deposit & Trus
—
—
Fallston Village Center LLC
—
Loan Modification
related
$8,435,416 · First Va Cmnty Bk
—
—
Fallston Village Center LLC
—
Loan Modification
related
$8,100,000 · Fvcbank
—
—
141 Defense Highway LLC
—
Deed Of Trust
related
$320,000 · Mercantile-safe Deposit & Trus
—
—
Fallston Village Center LLC
—
Loan Modification
related
$6,420,500 · First Va Cmnty 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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