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    7902 Belair Rd Baltimore, MD 21236-3728
    Property profile & analytics

    7902 Belair Rd, Baltimore, MD 21236-3728

    View on Map
    • Office buildings
    • 7,720 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US40-2101674
    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.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gamer Baltimore / Nightclub / Music Venue
    • Dr. Mark S. Gosnell, MD / Physician
    • Paradise ll RPP LLC / Hospital
    • Top Tier Driving Academy / Training Center / Vocational School
    • Array Development / Social Service Agency

    Property Details for 7902 Belair Rd

    Year built
    1966
    Construction
    BRICK
    Lot size
    0.42 lot acres
    Zone code
    BL
    Property type
    Office buildings
    APN
    14-1407049540
    APU
    141407049540

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,124,000
      Market price range: $882k - $2.65M
      AI Estimate
      $871,000
      Market price range: $312k - $1.76M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,585,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,415,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5117
    Latitude
    39.3722
    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
    2023
    $6,429
    $0.00
    $0.00
    $943,800
    -
    $390,800
    $570,800
    $961,600

    Comparable in this City

    • Value Estimation
      $560,000
      1,958 SF

      9651 Belair Rd

      OFFICE BUILDING
      9651 Belair Rd, Baltimore, MD 21236-1105
      View Details
    • Value Estimation by Request
      1,481 SF

      4303 Fitch Ave

      OFFICE BUILDING
      4303 Fitch Ave, Baltimore, MD 21236-3717
      View Details
    • Value Estimation
      $1,460,000
      5,100 SF

      7621 Fitch Ln

      OFFICE BUILDING
      7621 Fitch Ln, Nottingham, MD 21236-3935
      View Details
    • Value Estimation
      $2,115,000
      22,632 SF

      9712 Belair Rd

      OFFICE BUILDING
      9712 Belair Rd, Nottingham, MD 21236-1103
      View Details
    • Value Estimation by Request
      1,568 SF

      9654 Belair Rd

      OFFICE BUILDING
      9654 Belair Rd, Baltimore, MD 21236-1129
      View Details
    • Value Estimation
      $560,000
      4,480 SF

      9309 Belair Rd

      OFFICE BUILDING
      9309 Belair Rd, Baltimore, MD 21236-1605
      View Details

    Similar Nearby for Sale

    • $469,900

      Perry Hall Mixed-Use Opportunity

      Former medical office with residential component in Perry Hall.
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      View Details
    • Contact for pricing

      Freestanding Office Building in Perry Hall

      2,800 SF office building on 0.3 acres.
      3814 E Joppa Rd, Nottingham, MD 21236
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    • Contact for pricing

      Glen Park Road Office Building

      2,118 SF standalone building suitable for office or medical use.
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    • $449,900
      0.20 Acres

      Prime Commercial Office in Nottingham

      Highly visible commercial office space suitable for healthcare or professional uses.
      4155 Glen Park Rd, Nottingham, MD 21236
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    • $449,900

      Prime Perry Hall Commercial Office

      Highly visible commercial office space in the heart of Perry Hall.
      4155 Glen Park Rd, Nottingham, MD 21236
      View Details
    • $950,000
      Pending

      Two-Level Retail/Office Investment Opportunity

      Freestanding, fully leased retail/office building in prime Nottingham location.
      9111 Belair Rd, Nottingham, MD 21236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Two-Story Office Building with Elevator

      Two-story office building featuring updated common areas and individual HVAC.
      8817 Belair Rd, Nottingham, MD 21236
      View Details
    • Contact for pricing

      Single Story Office Building

      Single-story office building with efficient floor plans and individual entrances.
      8098 Sandpiper Cir, Nottingham, MD 21236
      View Details
    • Contact for pricing

      Campbell Corporate Center Office Space

      Office space in Baltimore's growing White Marsh Town Center.
      4940 Campbell Blvd, Nottingham, MD 21236
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Expansive commercial space suitable for storage, office, or data center.
      9317 Belair Rd, Perry Hall, MD 21236
      View Details
    • Contact for pricing

      Perry Hall Office/Retail Units

      Centrally located office/retail units in Perry Hall market.
      4134 E Joppa Rd, Nottingham, MD 21236
      View Details
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    Baltimore, MD 21236-3728
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    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
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