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Property profile & analytics
OFF-MARKET
Medical Office Space
407 Churchville Rd Bel Air, MD 21014-3844
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0868848
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
BRICK
Total area
7,440 SF
Lot
1.75 ac (76,381 SF)
Zoning code
RO
APN
03-196380
UPID
US40-0868848
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
-
True Life Discipleship Counseling Association / Organization
-
Gold Medal Physical Therapy Physician
-
Thrive Behavioral Health Medical Clinic
-
Kevin Murray Physician
-
Richard Lawrence Physician
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
Mildred A Devereaux · 4 yrs held
Mildred A Devereaux
since 2021
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
RO · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Applicable regulations for architecture and site design contained in RO Residential Office District, § 165-28B shall apply in the B-1 Limited Business District. Certain uses are subject to performance standards specified in Article VII of this Part 2 . [Amended 4-3-2017 by Ord. No. 780-17 ; 7-17-2023 by Ord. No. 813-23 ] [2]
Zone name
Residential Office
General category
MIXED_USE
Zone area
34.32 ac
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
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
$10,842
Tax year 2022
Assessed value
$1,255,967
Assessed 2024
Previous assessed
$1,196,633
+5.0% YoY
Effective rate
0.86%
On assessed value
Land market value
$180,200
Improvement market value
$1,135,100
Total market value
$1,315,300
Applied tax rate
300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
7,440 SF
Lot
1.75 ac (76,381 SF)
Zoning code
RO
APN
03-196380
UPID
US40-0868848
Jurisdiction
HARFORD
Zoning & alternative use
RO · Bel Air, MDZoning RO · permitted uses
RO · Bel Air, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Applicable regulations for architecture and site design contained in RO Residential Office District, § 165-28B shall apply in the B-1 Limited Business District. Certain uses are subject to performance standards specified in Article VII of this Part 2 . [Amended 4-3-2017 by Ord. No. 780-17 ; 7-17-2023 by Ord. No. 813-23 ] [2]
Zone name
Residential Office
General category
MIXED_USE
Zone area
34.32 ac
Building & site characteristics
From public records
Year built
1998
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Mildred A Devereaux
Individual
Mailing address
407 E CHURCHVILLE RD STE #102, BEL AIR, MD 21014-3846
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$245,000
Mildred A Devereaux
Darcel U Thomas
Deed
$215,100 · Florida Capital Bank NA
Oct 5, 2021
$300,000
Shawn Patrick Capron
George J Lambros III
Deed
$305,250 · Navy FCU
Sep 20, 2021
$337,500
Amy Mangold
Cynthia K Smith
Deed
$303,750 · Meridian Bank
Jun 18, 2007
—
Sarah Ross LLC
—
Deed Of Trust
related
$1,105,000 · Columbia Bank
—
—
Sarah Ross LLC
—
Deed Of Trust
related
$850,000 · Patapsco Bk
—
—
Sarah Ross LLC
—
Deed Of Trust
related
$980,000 · Rosedale Federal S & L Assn
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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