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Property profile & analytics
FOR LEASE
Office buildings
754 N Hickory Ave, Bel Air, MD 21014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0937600
For Lease
1 / 2
$500/Mo
754 N Hickory Ave, Bel Air, MD 21014
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
BRICK
Total area
4,318 SF
Lot
0.98 ac (42,688 SF)
Zoning code
RO
APN
03-026825
UPID
US40-0937600
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
-
Cockey Stephen M DDS Dental Office
-
Simmons Mary Dental Office
-
Inner Growth and Healing, LLC Foster Care Service Social Service Agency
-
Snyder Kevin L MD Physician
-
Health Think LLC Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$700k
Owner & transaction history
Mli Wellness Property II LLC · 2 yrs held
Mli Wellness Property II LLC
since 2024
Last sale
$700,000
2 recorded transactions
Zoning & alternative use
RO · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+16.2%
Commercial (general)
$980,000
+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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
RETAIL STORES
$1,075,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$980,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$765,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Feb 29 2024)
Last sale anchor
$700k
Feb 29 2024
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
$162 / 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
$5,128
Tax year 2022
Assessed value
$555,300
Assessed 2023
Previous assessed
$537,900
+3.2% YoY
Effective rate
0.92%
On assessed value
Land market value
$225,300
Improvement market value
$364,800
Total market value
$590,100
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
For Lease
Year built
1930
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Total area
4,318 SF
Lot
0.98 ac (42,688 SF)
Zoning code
RO
APN
03-026825
UPID
US40-0937600
Jurisdiction
HARFORD
Zoning & alternative use
RO · Bel Air, MD
Zoning RO · permitted uses
RO · 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
$925,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$765,000
OFFICE BUILDING Current
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
1930
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Mli Wellness Property II LLC
Entity
Mailing address
1539 BLAKES LEGACY DR, BEL AIR, MD 21014-1946
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
$700,000
Mli Wellness Property II LLC
Stephen M Cockey
Deed
$595,000 · First National Bank Of Pennsylvania
Sep 4, 2008
—
Stephen M Cockey
Jerry A Kilian
Deed
$484,000 · Branch Banking And Trust Co
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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