Sign Up Successful!
You now have access to more from Realmo!
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

    409 Bel Air Ave Aberdeen, MD 21001-2424

    • Retail space
    • 1,232 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0691605
    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

    • Toms Getty / Grocery Store / Convenience Store

    Property Details for 409 Bel Air Ave

    Year built
    1959
    Construction
    BRICK
    Lot size
    0.33 lot acres
    Property size
    1,232 SF
    Zone code
    M2
    Property type
    Retail space
    APN
    02-001888
    APU
    2001888

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Harford
    State
    Maryland
    Longitude
    -76.1696
    Latitude
    39.5117
    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
    $2,094
    $150,900
    $73,600
    $224,500
    -
    $150,900
    $73,600
    $224,500

    Comparable in this City

    • Value Estimation
      $3,095,000
      15,250 SF

      950 Beards Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,250 SF
      950 Beards Hl Rd, Aberdeen, MD 21001-1733
      View Details
    • Value Estimation
      $1,040,000
      5,355 SF

      232 Philadelphia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,355 SF
      232 Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Value Estimation
      $775,000
      5,910 SF

      109 Bel Air Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,910 SF
      109 Bel Air Ave, Aberdeen, MD 21001-3221
      View Details
    • Value Estimation
      $2,250,000
      11,280 SF

      3700 Churchville Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,280 SF
      3700 Churchville Rd, Aberdeen, MD 21001-1215
      View Details
    • Value Estimation by Request
      2,000 SF

      29 Parke St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      29 Parke St, Aberdeen, MD 21001-2437
      View Details
    • Value Estimation
      $855,000
      5,486 SF

      1226 Philadelphia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,486 SF
      1226 Philadelphia Blvd, Aberdeen, MD 21001-3975
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Versatile Commercial Building in Aberdeen

      Spacious, renovated commercial building with flexible B2 zoning.
      102 N Rogers St, Aberdeen, MD 21001
      View Details
    • $2,000,000
      0.84 Acres

      Commercial Property with Development Potential

      Freestanding building with pad site and large rear parcel.
      614 S Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • $1,650,000
      3,289 SF

      Aberdeen Retail Investment Opportunity

      High-Yield Retail Property w/ Pad Site
      614 Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • $1,250,000
      7,044 SF

      Aberdeen Retail Space - Huge Potential

      7,044 sq ft commercial building, 1.16 acres, B2 zoning.
      102 Rogers St, Aberdeen, MD 21001
      View Details
    • $900,000
      5,000 SF

      Aberdeen Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      119 Bel Air Ave, Aberdeen, MD 21001
      View Details
    • $1,650,000
      3,289 SF

      Aberdeen Auto Shop Investment

      High-yield auto shop with pad site.
      614 Philadelphia Blvd, Aberdeen, MD 21001
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Prime Commercial Space in Aberdeen

      Highly visible corner unit ideal for office or retail use.
      136 S Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Ripken Stadium

      Retail space for lease near Leidos Field at Ripken Stadium.
      3726 Churchville Rd, Aberdeen, MD 21001
      View Details
    • $1,850 /Mo
      13,068 SF

      Prime Aberdeen Office/Retail Space

      1600 sqft office/retail space with excellent signage and accessibility.
      19 W Bel Air Ave, Aberdeen, MD 21001
      View Details
    • $2,300 /Mo

      Updated Commercial Space in Aberdeen

      Move-in ready retail or office space with recent updates.
      4 N Parke St, Aberdeen, MD 21001
      View Details
    • $3,500 /Mo

      Retail Space on Pulaski Highway

      Retail space available on heavily traveled Pulaski Highway.
      1325 S Philadelphia Blvd, Aberdeen, MD 21001
      View Details
    • Contact for pricing
      2,345 SF

      Retail Space Near Ripken Stadium

      Retail space for lease near Leidos Field at Ripken Stadium.
      3700 Churchville Rd, Aberdeen, MD 21001
      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.
    409 Bel Air Ave
    Aberdeen, MD 21001-2424
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.