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    Property profile & analytics

    8868 Belair Rd Nottingham, MD 21236-2401

    • Office buildings
    • 4,624 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2023
    $1,200,000
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    5.3%
    Office buildings
    Location Intelligence
    Property ID
    US40-1217735
    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 buildings

    Property Details for 8868 Belair Rd

    Year built
    1978
    Construction
    BRICK
    Lot size
    0.52 lot acres
    Property size
    4,624 SF
    Zone code
    BLCSA
    Property type
    Office buildings
    APN
    11-1700013085
    APU
    111700013085

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,290,000
      ML approach
      $1,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,145,000
      6.5%
      $1,055,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,062,000
      Market price range: $528k - $1.59M
      AI Estimate
      $824,000
      Market price range: $187k - $1.06M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $950,000
      Current use
      COMMERCIAL (GENERAL)
      $1,330,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,065,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nottingham
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4824
    Latitude
    39.3976
    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
    $5,745
    $452,400
    $440,000
    $892,400
    -
    $452,400
    $440,000
    $892,400

    Comparable in this City

    • Value Estimation
      $560,000
      1,958 SF

      9651 Belair Rd

      OFFICE BUILDING • 1,958 SF
      9651 Belair Rd, Baltimore, MD 21236-1105
      View Details
    • Value Estimation by Request
      1,481 SF

      4303 Fitch Ave

      OFFICE BUILDING • 1,481 SF
      4303 Fitch Ave, Baltimore, MD 21236-3717
      View Details
    • Value Estimation
      $1,460,000
      5,100 SF

      7621 Fitch Ln

      OFFICE BUILDING • 5,100 SF
      7621 Fitch Ln, Nottingham, MD 21236-3935
      View Details
    • Value Estimation
      $2,115,000
      22,632 SF

      9712 Belair Rd

      OFFICE BUILDING • 22,632 SF
      9712 Belair Rd, Nottingham, MD 21236-1103
      View Details
    • Value Estimation by Request
      1,568 SF

      9654 Belair Rd

      OFFICE BUILDING • 1,568 SF
      9654 Belair Rd, Baltimore, MD 21236-1129
      View Details
    • Value Estimation
      $560,000
      4,480 SF

      9309 Belair Rd

      OFFICE BUILDING • 4,480 SF
      9309 Belair Rd, Baltimore, MD 21236-1605
      View Details

    Similar Nearby for Sale

    • $400,000

      Residential-Office Property Near Transportation

      Three-bedroom, 1.5-bath home or office with flexible potential.
      9406 Belair Rd, Baltimore, MD 21236
      View Details
    • $595,000
      4,434 SF

      Baltimore Office Property for Sale

      Office property featuring 4,434 square feet of space.
      8622 Belair Rd, Baltimore, MD 21236
      View Details
    • $395,000
      1,332 SF

      Nottingham Office Building - Turnkey Ready

      Updated Office/Residential, 1332 sq ft, 0.17 acres
      4151 Glen Park Rd, Nottingham, MD 21236
      View Details
    • New
      $799,900
      2,300 SF

      Baltimore Commercial Property For Sale

      Well-maintained commercial property with high visibility and immediate rental income.
      7901 Belair Rd, Baltimore, MD 21236
      View Details
    • $1,575,000
      1.74 Acres

      Buildable Lots on Saif Court

      Seven subdivided lots for builders, investors, and developers.
      4630 Ridge Rd, Baltimore, MD 21236
      View Details
    • $124,000
      0.33 Acres

      Land Parcel in Nottingham, MD

      Land for sale in Nottingham, Maryland.
      4217 Darnall Rd, Nottingham, MD 21236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 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
      231,754 SF

      Perry Hall Retail Center Investment

      Prime Baltimore County medical & retail space
      4313 Ebenezer Rd, Nottingham, MD 21236
      View Details
    • Contact for pricing
      900 SF

      Office Space in Nottingham, MD

      900 SF office space available for rent in Nottingham.
      8838 Belair Rd, Nottingham, MD 21236
      View Details
    • Contact for pricing
      2,508 SF

      Single-Story Office Park for Lease

      Single-story office park with flexible design and convenient location.
      8015 Corporate Dr, Nottingham, MD 21236
      View Details
    • $16 SF/Yr
      12,000 SF

      Joppa Corner Square Offices

      Perry Hall medical & office suites
      4134 Joppa Rd, Nottingham, MD 21236
      View Details
    • $1,495 /Mo

      Office Space with Parking

      Office space featuring multiple offices, common area, and parking.
      9333 Belair Rd, Baltimore, MD 21236
      View Details
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    8868 Belair Rd
    Nottingham, MD 21236-2401
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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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