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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Retail residential properties
911 Wheel Rd, Bel Air, MD 21015-6320
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1257429
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1977
Total area
1,762 SF
Lot
0.95 ac (41,272 SF)
Zoning code
RR
APN
01-079832
UPID
US40-1257429
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$565k
Owner & transaction history
Dameon Nachor Fletcher · 4 yrs held
Dameon Nachor Fletcher
since 2022
Last sale
$560,000
6 recorded transactions
Zoning & alternative use
RR · Bel Air, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$550,000
+34.7%
Retail stores
$440,000
+7.5%
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
$575,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$410,000
Current use
AUTO REPAIR, GARAGE
$550,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$440,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$405,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $560k (Apr 8 2022)
Last sale anchor
$560k
Apr 8 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
$321 / 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
$4,271
Tax year 2022
Assessed value
$408,600
Assessed 2023
Previous assessed
$386,333
+5.8% YoY
Effective rate
1.05%
On assessed value
Assessed land
$117,100
Assessed improvement
$291,500
Land market value
$117,100
Improvement market value
$291,500
Total market value
$408,600
Applied tax rate
1.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
1,762 SF
Lot
0.95 ac (41,272 SF)
Zoning code
RR
APN
01-079832
UPID
US40-1257429
Jurisdiction
HARFORD
Zoning & alternative use
RR · Bel Air, MD
Zoning RR · permitted uses
RR · 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
COMMERCIAL (GENERAL) Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$440,000
OFFICE BUILDING
Est. value
$405,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Dameon Nachor Fletcher
Individual
Mailing address
911 E WHEEL RD, BEL AIR, MD 21015-6320
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 8, 2022
$560,000
Dameon Nachor Fletcher
Michele L Young
Deed
$547,618 · Crosscountry Mortgage LLC
May 12, 2021
—
Michele L Young
Michele L Young
Intrafamily Transfer
related
—
Mar 16, 2020
—
Michele L Young
—
Deed
related
—
Oct 9, 2019
$420,000
Michele L Young
Thomas William O'leary
Deed
$300,000 · Freedom FCU
—
—
Thomas W O'leary
—
Deed Of Trust
related
$124,000 · Forest Hill State Bank
—
—
Michele L Young
—
Loan Modification
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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