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    Property profile & analytics

    320 204th St, Unit 326 Bronx, NY 10467-4602

    • Retail space
    • 10,200 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2142155
    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

    • LevelUp MD Norwood Occupational Health / Occupational Health Service / Occupational Medical Physician
    • Ridgewood Savings Bank / Loan Agency / Mortgage Lender

    Property Details for 320 204th St

    Year built
    1930
    Lot size
    0.12 lot acres
    Property size
    10,200 SF
    Zone code
    R5D
    Property type
    Retail space
    APN
    03333-0037
    APU
    33330037

    Description

    This exceptional investment opportunity presents a fully occupied, 10,200 square foot, one-story multi-tenant retail building located at 320 E 204th St in the Norwood neighborhood of the Bronx, New York (zip code 10467). The property boasts a 100% occupancy rate, generating a 6.22% cap rate and commanding a price of $588.24 per square foot, with an asking price of $6,000,000. The building features three fully occupied commercial units, offering ground floor retail space and a cellar. Situated on a busy traffic corridor, this property benefits from excellent visibility and high foot traffic. Its strategic location between Hull Ave and Perry Ave provides convenient access to the Norwood - 205th St subway station (D train) and numerous bus lines (BX34, BX28, BX38, & BX16). The area is densely populated with strong retail demand, evidenced by the presence of numerous established businesses nearby, including Dunkin', McDonald's, Boost Mobile, Foodtown, Crunch Fitness, Capital One Bank, Subway, Chase Bank, Family Dollar, Domino's Pizza, Popeyes, Metro by T-Mobile, Texas Chicken & Burgers, and Papa Johns. This is a rare opportunity to acquire a high-performing, fully leased retail property in a thriving Bronx neighborhood. The modified lease structure provides a stable income stream and potential for future growth. The property's strong tenant mix and prime location make it an ideal investment for discerning buyers seeking a stable and appreciating asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,285,000
      Market price range: $859k - $1.80M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8784
    Latitude
    40.8724
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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
    2024
    $101,105
    $122,850
    $831,690
    $954,540
    -
    $273,000
    $1,977,000
    $2,250,000

    Comparable in this City

    • Value Estimation
      $460,000
      2,020 SF

      3356 White Plns Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,020 SF
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      View Details
    • Value Estimation
      $760,000
      10,900 SF

      3386 Jerome Ave, Unit 3398

      RETAIL STORES (PERSONAL SERVICES) • 10,900 SF
      3386 Jerome Ave, Bronx, NY 10467-1001
      View Details
    • Value Estimation
      $410,000
      14,777 SF

      3170 Webster Ave, Unit CU-2

      RETAIL STORES (PERSONAL SERVICES) • 14,777 SF
      3170 Webster Ave, Bronx, NY 10467-4956
      View Details
    • Value Estimation
      $23,255,000
      10,340 SF

      338 Gun Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,340 SF
      338 Gun Hl Rd, Bronx, NY 10467-2208
      View Details
    • Value Estimation
      $520,000
      2,418 SF

      831 Burke Ave, Unit 839

      RETAIL STORES (PERSONAL SERVICES) • 2,418 SF
      831 Burke Ave, Bronx, NY 10467-6613
      View Details
    • Value Estimation
      $655,000
      5,050 SF

      18 Gun Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,050 SF
      18 Gun Hl Rd, Bronx, NY 10467-2102
      View Details

    Similar Nearby for Sale

    • $6,000,000
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      Retail Building in Desired Neighborhood

      Fully occupied retail building in a high-traffic location.
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      Retail/Warehouse Building with High Ceilings

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    • $1,550,000
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      Bronx Mixed-Use Investment Property

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    Similar Nearby for Lease

    • $9,989 /Mo
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      Spacious Bronx Retail/Office Opportunity

      Large commercial space in prime Bronx location, suitable for various uses.
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    • $3,250 /Mo
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      Retail Space in Norwood, Bronx

      763 SF retail space available for lease in the Bronx.
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      View Details
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      Jerome Avenue Retail Space

      Retail space available near Mosholu Parkway subway stop.
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      Retail Space on Gun Hill

      Retail space available for lease in the Bronx.
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    • $35 SF/Yr
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      Luxury Retail Space Available

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      Retail Spaces Near Transportation Hub

      Retail spaces available near transportation and Van Cortlandt Park.
      3478-3480 Webster Ave, Bronx, NY 10467
      View Details
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    320 204th St, Unit 326
    Bronx, NY 10467-4602
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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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