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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office buildings
2813 Bel Air Rd Fallston, MD 21047-2896
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-0974470
Property summary
AI-generated overview
This exceptional 887-square-foot office space, located at 2813 Bel Air Road Unit 301 - 2N in Fallston, MD, is available for immediate occupancy. Completely renovated in 2019, this second-floor unit offers a convenient walk-up entrance. The layout is designed for optimal functionality, featuring a large open area ideal for cubicles or workstations, complemented by a spacious private office or conference room. A private bathroom is also included within the unit. The property sits on a 2.62-acre lot, providing ample space and a desirable location in Fallston. This is a gross modified lease, meaning the rental cost includes utilities
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
BRICK
Total area
4,752 SF
Lot
2.62 ac (113,920 SF)
Zoning code
B3
APN
03-105598
UPID
US40-0974470
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
-
D & S Dental Labs Dental Office
-
Eastern Steel Constructors Construction Company General Contractor
-
Todd Environmental Associates Environmental Consultant
-
Classic Billiards (Bike/Boat/Book/etc) Store
-
xpressflooring General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.21M
Owner & transaction history
Henry O Hofmann Co LLC · 9 yrs held
Henry O Hofmann Co LLC
since 2017
1 recorded transaction
Zoning & alternative use
B3 · Fallston, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+54.8%
Retail stores
$1.2M
+23.5%
Commercial (general)
$1.1M
+13.5%
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
OFFICE BUILDING
$960,000
Current use
AUTO REPAIR, GARAGE
$1,485,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,185,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,090,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$845,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$254 / 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
$15,632
Tax year 2022
Assessed value
$1,437,667
Assessed 2023
Previous assessed
$1,434,300
+0.2% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,147,200
Improvement market value
$297,200
Total market value
$1,444,400
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
1969
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
2
Units
5
Total area
4,752 SF
Lot
2.62 ac (113,920 SF)
Zoning code
B3
APN
03-105598
UPID
US40-0974470
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Fallston, MDZoning B3 · permitted uses
B3 · Fallston, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$845,000
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
1969
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
5
Lot
2.62 ac
Current owner
From public records · entity-resolved
Henry O Hofmann Co LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2813 BEL AIR RD, FALLSTON, MD 21047-2896
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2017
—
Henry O Hofmann Co LLC
Hofmann,josephine J
Quit Claim 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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