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Property profile & analytics
OFF-MARKET
Estimated value
$15,125,000
Grocery and convenience stores
8903 Belair Rd Baltimore, MD 21236-2471
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0799991
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
BRICK
Total area
56,145 SF
Lot
7.1 ac (309,276 SF)
Zoning code
BM
APN
11-1700006877
UPID
US40-0799991
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
-
Chase ATM Atm
-
Chase Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.13M
Owner & transaction history
Triple Bar Perry Hall LLC · 4 yrs held
Triple Bar Perry Hall LLC
since 2022
Last sale
$16.2M
6 recorded transactions
Zoning & alternative use
BM · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.1M
+106.1%
Auto repair, garage
$13.0M
+65.7%
Restaurant
$12.8M
+63.3%
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 Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baltimore 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
$15,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,245,000
6.5%
$12,225,000
7%
$11,350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,120,000
Change: +106% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,955,000
Change: +66% · Conversion: Difficult
RESTAURANT
$12,765,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$11,530,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,280,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$15.13M
Range $13.61M – $16.64M · ±10% · vs last sale $16.20M (Jun 21 2022)
Last sale anchor
$16.20M
Jun 21 2022
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
$269 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$133,475
Tax year 2023
Assessed value
$10,263,367
Assessed 2023
Previous assessed
$10,017,133
+2.5% YoY
Effective rate
1.30%
On assessed value
Land market value
$3,644,200
Improvement market value
$6,865,400
Total market value
$10,509,600
Applied tax rate
11.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
BRICK
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
56,145 SF
Lot
7.1 ac (309,276 SF)
Zoning code
BM
APN
11-1700006877
UPID
US40-0799991
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Baltimore, MD
Zoning BM · permitted uses
BM · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$13.0M
RESTAURANT
Est. value
$12.8M
OFFICE BUILDING
Est. value
$11.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
BRICK
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
7.1 ac
Current owner
From public records · entity-resolved
Triple Bar Perry Hall LLC
Entity
Free & Clear · 4 yrs held
Mailing address
224 SAINT CHARLES WAY STE #290, YORK, PA 17402-4667
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$16,203,163
Triple Bar Perry Hall LLC
W Arc Ph Centre Owner Viii LLC
Special Warranty Deed
—
Jun 21, 2022
—
Triple Bar Perry Hall LLC
W Arc Ph Square Owner Viii LLC
Quit Claim Deed
related
—
Aug 18, 2016
$13,000,000
W-arc Ph Centre Owner Viii LLC
Mary Perry Hall LLC
Grant Deed
related
—
Nov 17, 2000
$4,550,000
Mart Perry Hall LLC
Town & Country Property Partne
Grant Deed
—
—
—
Mart Perry Hall LLC
—
Deed Of Trust
related
$9,490,000 · Allfirst Bank
—
—
Mart Perry Hall LLC
—
Deed Of Trust
related
$9,700,000 · Gmac Commercial Mortgage Corp
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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