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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Strip malls
9633 Belair Rd, Perry Hall, MD 21128
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0303013
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
BRICK
Total area
14,000 SF
Lot
9.19 ac (400,316 SF)
Zoning code
BL-CS
APN
11-2300010696
UPID
US40-0303013
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.61M
Owner & transaction history
Perry Hall Maryland LLC · 11 yrs held
Perry Hall Maryland LLC
since 2015
3 recorded transactions
Zoning & alternative use
BL-CS · Perry Hall, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+181.5%
Office building
$2.4M
+167.0%
Restaurant
$2.1M
+138.5%
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 Perry Hall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perry Hall 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,500,000
Change: +182% · Conversion: Difficult
OFFICE BUILDING
$2,370,000
Change: +167% · Conversion: Moderate
RESTAURANT
$2,115,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,965,000
Change: +121% · Conversion: Difficult
RETAIL STORES
$1,775,000
Change: +100% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,195,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10%
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
$115 / 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
$179,249
Tax year 2023
Assessed value
$12,988,200
Assessed 2023
Previous assessed
$13,148,633
-1.2% YoY
Effective rate
1.38%
On assessed value
Land market value
$4,157,000
Improvement market value
$9,325,300
Total market value
$13,482,300
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
3
Total area
14,000 SF
Lot
9.19 ac (400,316 SF)
Zoning code
BL-CS
APN
11-2300010696
UPID
US40-0303013
Jurisdiction
BALTIMORE
Zoning & alternative use
BL-CS · Perry Hall, MD
Zoning BL-CS · permitted uses
BL-CS · Perry Hall, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perry Hall. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2001
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
9.19 ac
Current owner
From public records · entity-resolved
Perry Hall Maryland LLC
Entity
Free & Clear · 11 yrs held
Mailing address
222 CENTRAL PARK AVE STE #2100, VIRGINIA BEACH, VA 23462-3039
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2015
$14,281,166
Perry Hall Maryland LLC
Perry Hall Center LLC
Grant Deed
—
Aug 3, 2001
$11,450,000
Perry Hall Center LLC
Gustine Perry Hall Associates
Grant Deed
related
$9,000,000 · Aetna Life Insurance Co
—
—
Perry Hall Center LLC
—
Deed Of Trust
related
$11,600,000 · Citigroup Global Markets Realt
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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