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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Specialty properties
526 Underwood Ln, Bel Air, MD 21014-1834
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0149468
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2004
Total area
10,023 SF
Lot
0.74 ac (32,389 SF)
Zoning code
CI
APN
03-352463
UPID
US40-0149468
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
526 Underwood LLC · 4 yrs held
526 Underwood LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CI · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,105,000
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
$1,725,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,490,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,315,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,190,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$850,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$650,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.08M (May 13 2022)
Last sale anchor
$1.08M
May 13 2022
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
$108 / 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
$15,702
Tax year 2022
Assessed value
$1,512,867
Assessed 2023
Previous assessed
$1,440,700
+5.0% YoY
Effective rate
1.04%
On assessed value
Land market value
$233,200
Improvement market value
$1,424,000
Total market value
$1,657,200
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
10,023 SF
Lot
0.74 ac (32,389 SF)
Zoning code
CI
APN
03-352463
UPID
US40-0149468
Jurisdiction
HARFORD
Zoning & alternative use
CI · Bel Air, MD
Zoning CI · permitted uses
CI · 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
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$850,000
INDUSTRIAL (GENERAL)
Est. value
$650,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
526 Underwood LLC
Entity
Mailing address
655 ROCK SPG CHURCH RD, FOREST HILL, MD 21050-2415
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$1,079,798
526 Underwood LLC
Platypus Properties LLC
Deed
$1,376,709 · M & T Bank
May 11, 2018
—
Platypus Properties LLC
—
Deed
related
$1,094,491 · Branch Bk&tr
Dec 13, 2017
—
Platypus Properties LLC
—
Deed
related
$1,094,491 · Branch Bk&tr
Jan 17, 2008
—
Platypus Properties LLC
—
Deed Of Trust
related
$1,440,000 · Bank Of America
Jul 2, 2004
—
Platypus Properties LLC
—
Trustees Deed
related
$939,052 · Bank Of America
May 19, 2004
—
Platypus Properties LLC
—
Trustees Deed
related
$939,052 · Bank Of America
—
—
Platypus Properties LLC
—
Deed Of Trust
related
$1,250,000 · M & T Bank
—
—
Platypus Properties LLC
—
Deed Of Trust
related
$175,000 · M & T Bank
—
—
Platypus Properties LLC
—
Deed Of Trust
related
$939,052 · Bank Of America
—
—
Platypus Properties LLC
—
Deed Of Trust
related
$1,094,491 · Branch Bk&tr
—
—
Platypus Properties LLC
—
Deed Of Trust
related
$1,094,491 · Branch Bk&tr
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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