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Property profile & analytics
OFF-MARKET Estimated value $1,990,000
Medical Office Space

615 Macphail Rd Bel Air, MD 21014-4309

32,980 SF 2.4 ac lot Built 1996
Entity Owned 9-yr Hold Free & Clear
Property ID
US40-1546004
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Total area 32,980 SF
Lot 2.4 ac (104,544 SF)
Zoning code B3
APN 03-383687
UPID US40-1546004
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
  • Winters Run Family Medical Center Medical Clinic
  • Dr. Michael Schwartz Dental Office
  • Professional Dental Associates Dental Office
  • Dr. David Vonsteuben Physician
  • Infectious Disease Associates, MD Consultant Infectious Disease Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$1.99M
Owner & transaction history
Hr Bel Air LLC · 9 yrs held
Hr Bel Air LLC
since 2016
3 recorded transactions
2016
$6.6M
2006
Price N/A
1969
Price N/A
Zoning & alternative use
B3 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-3 General Business District. A. Purpose. (1) The General Business District is designed to accommodate a wide range of commercial establishments. Uses in this district serve a wide area and tend to generate high volumes of vehicular traffic. This district is intended to accommodate more intense commercial and mixed-use development and to implement the goals…

Zone name General Business
General category COMMERCIAL
Zone area 351.22 ac
Top alternative use upside
Warehouse, storage $2.8M +30.5%
Industrial (general) $2.1M +0.0%
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