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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office Spaces
4 Nn Ave 403, Bel Air, MD 21014-2314
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0907185
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1995
Total area
4,212 SF
Lot
1 ac (43,560 SF)
Zoning code
ORI
APN
03-305341
UPID
US40-0907185
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
-
Candace Crew Foster Care Service Social Service Agency
-
... Physician
-
Latoya Victor Physician
-
Alliance Clinic Inc: Parson Jane Medical Clinic
-
Challenge Island belair/whitemarsh Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$765k
Owner & transaction history
Mccoy Medical Properties LLC · 2 yrs held
Mccoy Medical Properties LLC
since 2023
Last sale
$780,000
2 recorded transactions
Zoning & alternative use
ORI · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+16.2%
Commercial (general)
$955,000
+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
$800,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$905,000
Current use
RETAIL STORES
$1,050,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$955,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$750,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $780k (Aug 18 2023)
Last sale anchor
$780k
Aug 18 2023
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
$182 / 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
$11,935
Tax year 2022
Assessed value
$1,095,100
Assessed 2023
Previous assessed
$1,095,100
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$328,500
Assessed improvement
$766,600
Land market value
$328,500
Improvement market value
$766,600
Total market value
$1,095,100
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1995
Heating
NONE
Units
1
Total area
4,212 SF
Lot
1 ac (43,560 SF)
Zoning code
ORI
APN
03-305341
UPID
US40-0907185
Jurisdiction
HARFORD
Zoning & alternative use
ORI · Bel Air, MD
Zoning ORI · permitted uses
ORI · 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
$905,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$750,000
OFFICE BUILDING Current
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
1995
Heating
NONE
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Mccoy Medical Properties LLC
Entity
Mailing address
4TH N AVE STE #403, BEL AIR, MD 21014-2333
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$780,000
Mccoy Medical Properties LLC
403 North Park Centre LLC
Deed
$663,000 · First National Bank Of Pennsylvania
Sep 7, 2001
—
403 North Park Centre LLC
Brayton,james B & Marilyn S
Grant Deed
$875,000 · Forest Hill State 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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