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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Office buildings
514 Main St, Bel Air, MD 21014-3956
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0477089
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1933
Construction
FRAME
Total area
5,427 SF
Lot
0.47 ac (20,550 SF)
Zoning code
R2
APN
03-016153
UPID
US40-0477089
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
-
Miller Wood Products Inc Freight Service Logistics Company
-
Partners In Travel Inc Travel Agency
-
Fleming Fund Services (FFS) Accounting Firm Tax Preparation
-
Mountain Top Software IT Consulting Firm (Bike/Boat/Book/etc) Store
-
LATAM Art Fund Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.03M
Owner & transaction history
Powell Partners II LLC · 16 yrs held
Powell Partners II LLC
since 2009
7 recorded transactions
Zoning & alternative use
R2 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+45.7%
Retail stores
$1.4M
+16.2%
Commercial (general)
$1.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,165,000
Current use
AUTO REPAIR, GARAGE
$1,695,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,230,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$965,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10%
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
$189 / 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
$9,345
Tax year 2022
Assessed value
$1,018,700
Assessed 2023
Previous assessed
$980,300
+3.9% YoY
Effective rate
0.92%
On assessed value
Land market value
$310,500
Improvement market value
$785,000
Total market value
$1,095,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1933
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
5,427 SF
Lot
0.47 ac (20,550 SF)
Zoning code
R2
APN
03-016153
UPID
US40-0477089
Jurisdiction
HARFORD
Zoning & alternative use
R2 · Bel Air, MD
Zoning R2 · permitted uses
R2 · 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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$965,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1933
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Powell Partners II LLC
Entity
Mailing address
1801 FALSTAFF CT, BEL AIR, MD 21015-1568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2019
—
Powell Partners II LLC
—
Deed
related
$100,000 · Pnc Bk
Dec 29, 2009
$980,000
Powell Partners II LLC
514 South Main Group LLC
Grant Deed
$784,000 · Rosedale Federal S & L Assn
Sep 1, 2005
$425,000
514 South Main Group LLC
Lyon,traude P
Grant Deed
$607,375 · Mercantile County Bank
—
—
Powell Partners II LLC
—
Deed Of Trust
related
$100,000 · Pnc Bk
—
—
514 South Main Group LLC
—
Deed Of Trust
related
$756,500 · Harford Bank
—
—
514 South Main Group LLC
—
Deed Of Trust
related
$200,000 · Harford Bank
—
—
514 South Main Group LLC
—
Deed Of Trust
related
$318,500 · Harford Bank
—
—
514 South Main Group LLC
—
Deed Of Trust
related
$300,000 · Harford Bank
—
—
514 South Main Group LLC
—
Deed Of Trust
related
$175,000 · Mercantile County 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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