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Property profile & analytics
OFF-MARKET
Estimated value
$6,890,000
Retail space
620 Marketplace Dr Bel Air, MD 21014-4338
Entity Owned
21-yr Hold
Free & Clear
Property ID
US40-1224968
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
BRICK
Total area
24,336 SF
Lot
4.63 ac (201,683 SF)
Zoning code
B3
APN
03-306038
UPID
US40-1224968
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
-
Barnes & Noble (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Javon Candy store Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$6.89M
Owner & transaction history
Bel Air Square LLC · 21 yrs held
Bel Air Square LLC
since 2004
4 recorded transactions
Zoning & alternative use
B3 · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+40.1%
Auto repair, garage
$7.6M
+25.3%
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
RETAIL STORES
$6,070,000
Current use
RESTAURANT
$8,500,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,605,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,525,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$5,220,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.89M
Range $6.20M – $7.58M · ±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
$283 / 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
$59,862
Tax year 2022
Assessed value
$6,804,100
Assessed 2023
Previous assessed
$6,279,500
+8.4% YoY
Effective rate
0.88%
On assessed value
Land market value
$5,556,000
Improvement market value
$2,297,300
Total market value
$7,853,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
24,336 SF
Lot
4.63 ac (201,683 SF)
Zoning code
B3
APN
03-306038
UPID
US40-1224968
Jurisdiction
HARFORD
Zoning & alternative use
B3 · Bel Air, MD
Zoning B3 · permitted uses
B3 · 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
RETAIL STORES Current
Est. value
$6.1M
RESTAURANT
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1996
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
4.63 ac
Current owner
From public records · entity-resolved
Bel Air Square LLC
Entity
Free & Clear · 21 yrs held
Mailing address
30 S PO BOX 9273RD ST STE #1100, OAK BROOK, IL 60522-9273
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2012
—
Bel Air Square LLC
—
Deed Of Trust
related
$35,000,000 · Key Bank NA
Jun 8, 2011
—
Bel Air Square LLC
—
Deed Of Trust
related
$585,000,000 · Keybank NA
May 10, 2010
—
Bel Air Square LLC
—
Deed Of Trust
related
$134,774,500 · Allstate Life Insurance Co
Jul 26, 2004
—
Bel Air Square LLC
Bel Air Square Joint Venture
Quit Claim Deed
related
—
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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