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Property profile & analytics
OFF-MARKET
Turn key restaurants
2823 Bel Air Rd, Fallston, MD 21047-2823
Entity Owned
Free & Clear
Property ID
US40-0038453
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2010
Total area
2,000 SF
Lot
5.1 ac (222,156 SF)
Zoning code
B3/AG
APN
03-038971
UPID
US40-0038453
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
-
Tacos Tolteca Restaurant
-
Welsh Farms Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Maryland Department Of Transportati
Maryland Department Of Transportati
since 2025
5 recorded transactions
Zoning & alternative use
B3/AG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,649
Tax year 2022
Assessed value
$519,067
Assessed 2023
Previous assessed
$518,300
+0.1% YoY
Effective rate
1.09%
On assessed value
Land market value
$401,000
Improvement market value
$119,600
Total market value
$520,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2010
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,000 SF
Lot
5.1 ac (222,156 SF)
Zoning code
B3/AG
APN
03-038971
UPID
US40-0038453
Jurisdiction
HARFORD
Zoning & alternative use
B3/AG · Fallston, MD
Zoning B3/AG · permitted uses
B3/AG · 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.
Building & site characteristics
From public records
Year built
2010
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.1 ac
Current owner
From public records · entity-resolved
Maryland Department Of Transportati
Entity
Free & Clear · 0 yrs held
Mailing address
2616 CLARET DR, FALLSTON, MD 21047-2118
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$2,350
Maryland Department Of Transportati
Thunderhead Investments LLC
Deed
—
Feb 27, 2014
$525,000
Thunderhead Investments LLC
Cvly LLC
Grant Deed
—
Nov 26, 2013
$440,000
Cvly LLC
Rogers,william C JR & W Charles III
Grant Deed
related
—
Jun 11, 2008
—
Dietz Properties LLC
Dietz,donald C JR
Quit Claim Deed
—
Dec 21, 2004
$450,000
Donald C Dietz JR.
Ehrman,christine M
Grant Deed
$450,000 · Mercantile-safe Deposit & Trus
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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