Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Main St Bel Air, MD 21014-3920

    • Commercial land
    • 4,928 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2020
    $500,000
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    7.4%
    Commercial land
    Location Intelligence
    Property ID
    US40-2142047
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 400 Main St

    Year built
    1940
    Lot size
    0.58 lot acres
    Property size
    4,928 SF
    Zone code
    B2A
    Property type
    Commercial land
    APN
    03-000834
    APU
    3000834

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $655,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $816,000
      Market price range: $816k - $1.45M
      AI Estimate
      $773,000
      Market price range: $773k - $1.47M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,055,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.3458
    Latitude
    39.5323
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,890
    $513,000
    $0.00
    $513,000
    -
    $513,000
    $0.00
    $513,000

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      1701 Emmorton Rd

      VACANT COMMERCIAL LAND • 0.62 Acres
      1701 Emmorton Rd, Bel Air, MD 21014-5601
      View Details
    • Value Estimation by Request
      0.02 Acres

      Red Pump Rd

      VACANT COMMERCIAL LAND • 0.02 Acres
      Red Pump Rd, Bel Air, MD 21014
      View Details
    • Value Estimation by Request
      5.39 Acres

      Williams St

      VACANT COMMERCIAL LAND • 5.39 Acres
      Williams St, Bel Air, MD 21014
      View Details
    • Value Estimation by Request
      0.05 Acres

      1216 Churchville Rd

      VACANT COMMERCIAL LAND • 0.05 Acres
      1216 Churchville Rd, Bel Air, MD 21014-3412
      View Details
    • Value Estimation by Request
      0.16 Acres

      35 Broadway

      VACANT COMMERCIAL LAND • 908 SF
      35 Broadway, Bel Air, MD 21014-3545
      View Details
    • Value Estimation by Request
      0.71 Acres

      Old Joppa Ct

      VACANT COMMERCIAL LAND • 0.71 Acres
      Old Joppa Ct, Bel Air, MD 21014
      View Details

    Similar Nearby for Sale

    • $750,000

      Corner Lot on Route 23

      1.15 acre commercial land with public utilities.
      1700 Conowingo Rd, Bel Air, MD 21014
      View Details
    • $210,000

      Residential Land in Bel Air

      Land available in Rock Spring community, Bel Air. Public utilities.
      747 Roland Ave, Bel Air, MD 21014
      View Details
    • $40,000
      1.08 Acres

      Bel Air Land for Sale

      1.08 acre lot in established Evergreen Heights neighborhood.
      Bonnie Ave, Bel Air, MD 21014
      View Details
    • $40,000
      0.46 Acres

      Land in Desirable Bel Air

      Two wooded lots totaling less than one acre in Bel Air.
      Winter Park Rd, Bel Air, MD 21014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bel Air Commercial Land Parcel

      3.19 acre commercial land parcel in Bel Air, MD.
      10 N Tollgate Rd, Bel Air, MD 21014
      View Details
    • Contact for pricing

      Commercial Land with Tollgate Rd Access

      Commercial land for rent with excellent visibility and connectivity.
      708 Baltimore Pike, Bel Air, MD 21014
      View Details
    • $575 /Mo
      9,148 SF

      Bel Air Lower-Level Office Unit

      Versatile office space in a desirable Bel Air location.
      1 Heighe St, Bel Air, MD 21014
      View Details
    • $2,106 /Mo
      15,246 SF

      Downtown Bel Air Retail/Office Center

      Multi-tenant retail and office center in prime downtown location.
      426 S Main St, Bel Air, MD 21014
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space on Baltimore Pike

      Retail space available for lease on Baltimore Pike.
      512-528 Baltimore Pike, Bel Air, MD 21014
      View Details
    • New
      $1,800 /Mo
      14,854 SF

      Renovated Office Space in Bel Air

      Newly renovated office space with open floor plan in Bel Air.
      909 S Main St, Bel Air, MD 21014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Main St
    Bel Air, MD 21014-3920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!