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

    602 Atwood Rd Ste, Unit 105 Bel Air, MD 21014-4198

    • Office Properties & Spaces
    • 3,735 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0858410
    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

    • Office Properties & Spaces

    Property Details for 602 Atwood Rd Ste

    Year built
    2003
    Lot size
    1.00 lot acres
    Property size
    3,735 SF
    Zone code
    RO B3
    Property type
    Office Properties & Spaces
    APN
    03-388166
    APU
    3388166

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $652,000
      Market price range: $468k - $892k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $800,000
      Current use
      COMMERCIAL (GENERAL)
      $850,000
      Change: +6% Conversion: Easy
      WAREHOUSE, STORAGE
      $665,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.3473
    Latitude
    39.5256
    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
    $6,943
    $218,400
    $509,900
    $728,300
    -
    $218,400
    $509,900
    $728,300

    Comparable in this City

    • Value Estimation by Request

      1208 Churchville Rd Ste, Unit 101

      CONDOMINIUM OFFICES
      1208 Churchville Rd Ste, Bel Air, MD 21014-3483
      View Details
    • Value Estimation by Request

      1208 Churchville Rd Ste, Unit 301

      CONDOMINIUM OFFICES
      1208 Churchville Rd Ste, Bel Air, MD 21014-0017
      View Details
    • Value Estimation by Request
      1,744 SF

      4 Nn Ave, Unit 421

      CONDOMINIUM OFFICES • 1,744 SF
      4 Nn Ave, Bel Air, MD 21014-2314
      View Details
    • Value Estimation
      $560,000
      3,822 SF

      2 Nn Ave Ste, Unit 102

      CONDOMINIUM OFFICES • 3,822 SF
      2 Nn Ave Ste, Bel Air, MD 21014-2303
      View Details
    • Value Estimation by Request
      1,919 SF

      602 Atwood Rd Ste, Unit 202

      CONDOMINIUM OFFICES • 1,919 SF
      602 Atwood Rd Ste, Bel Air, MD 21014-4396
      View Details
    • Value Estimation by Request
      863 SF

      602 Atwood Rd Ste 106a

      CONDOMINIUM OFFICES • 863 SF
      602 Atwood Rd Ste 106a, Bel Air, MD 21014-4172
      View Details

    Similar Nearby for Sale

    • $475,000

      Bel Air All-Brick Rancher

      Charming rancher in downtown Bel Air, ideal for residential or office.
      308 Fulford Ave, Bel Air, MD 21014
      View Details
    • $589,000
      3,240 SF

      Bel Air Office/Retail Opportunity

      Office and/or retail space near the Court House.
      30-34 S Main St, Bel Air, MD 21014
      View Details
    • $1,800,000
      4,641 SF

      Bel Air Office Building For Sale

      4,641 SF office building available in Bel Air, Maryland.
      808 Baltimore Pike, Bel Air, MD 21014
      View Details
    • Contact for pricing
      47,000 SF

      Bel Air Office Building For Sale

      47,000 SF office building available in Bel Air, Maryland.
      602 S Atwood Rd, Bel Air, MD 21014
      View Details
    • $884,520
      4,212 SF

      Medical Office Condo For Sale

      Medical office condominium in Bel Air, MD, available for sale.
      4 North Ave, Bel Air, MD 21014
      View Details
    • New
      $475,000
      0.17 Acres

      Bel Air Medical Office Building

      Commercial property in Bel Air, currently used as medical office.
      4 W Broadway, Bel Air, MD 21014
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,400 SF

      Renovated Office Space in Bel Air

      Newly renovated office space for lease in downtown Bel Air.
      20 Office St, Bel Air, MD 21014
      View Details
    • $1,200 /Mo
      57,499 SF

      Office Space Near Bel Air

      Office suites available with utilities included near Bel Air.
      101 Victory Ln, Bel Air, MD 21014
      View Details
    • $2,475 /Mo

      Class A Office Space For Rent

      Recently renovated office space in downtown Bel Air.
      103 Main St, Bel Air, MD 21014
      View Details
    • $25 SF/Yr
      1,485 SF

      Downtown Bel Air Office Space

      Office space for rent in downtown Bel Air.
      130 N Bond St, Bel Air, MD 21014
      View Details
    • $16 SF/Yr
      2,400 SF

      Bel Air Office Space Available

      2,400 SF office space for rent in Bel Air.
      15 E Churchville Rd, 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
    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.
    602 Atwood Rd Ste, Unit 105
    Bel Air, MD 21014-4198
    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.