Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3462 Jerome Ave, Unit The Bronx, NY 10467

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available on a busy section of Jerome Avenue.

    Property Features for 3462 Jerome Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Rick Stassa
    Rick Stassa
    Source: Crexi

    Listing Agency: Emerald Commercial Properties Listing Agent: Rick Stassa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Jerome Avenue Retail Opportunity

    This commercial property is located on a busier section of Jerome Avenue.
    Location Intelligence

    Current Use by Public Records

    Community Pharmacy Pharmacy The Dermatology Specialists-Norwood Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.886216
    Latitude
    40.854689

    Nearby Similar for Lease

    • $12,000 /Mo

      Mott Haven Mixed-Use Building

      Four-story mixed-use building available for lease in Mott Haven.
      230 E 144Th St, Bronx, NY 10145
      View Details
    • $12,000 /Mo
      217,800,000 SF

      Eastchester Road Retail Space

      Prime retail space in a high-traffic Bronx strip mall.
      2447 Eastchester Rd, Bronx, NY 10469
      View Details
    • $3,200 /Mo
      15,168 SF

      Move-in Ready Bronx Office Space

      Versatile office space in a prime Bronx location.
      1500 Boston Rd, Bronx, NY 10460
      View Details
    • $3,000 /Mo

      Medical Office Space For Rent

      Medical/Dental office space available in the Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • $3,200 /Mo
      3,071 SF

      Bronx Office Space For Rent

      Spacious, well-lit ground floor office in Throggs Neck.
      3717 E Tremont Ave, Bronx, NY 10465
      View Details
    • $3,000 /Mo
      2,400 SF

      Medical/Dental Office Space Available

      Medical/Dental office space for rent in Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • New
      $3,500 /Mo
      3,088 SF

      Bronx Commercial Office Space Available

      Commercial office space for rent in the Bronx, NY.
      633 Lydig Ave, Bronx, NY 10462
      View Details
    • $13,500 /Mo
      33,193 SF

      Professional Medical Office on Fordham

      Turn-key medical office space for lease in the Bronx.
      625 E Fordham Rd, Bronx, NY 10458
      View Details
    • $8,000 /Mo

      Professional Medical Office on Fordham

      Turn-key medical office space for lease in the Bronx.
      625 E Fordham Rd, Bronx, NY 10458
      View Details
    • $7,200 /Mo
      3,450 SF

      Versatile Commercial Space in Bronx

      Bright, adaptable commercial space suitable for various professional uses.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $2,400 /Mo

      Bronx Commercial Space Available

      Commercial space for rent, private bathroom, utilities included.
      537 Claremont Pkwy, Bronx, NY 10457
      View Details
    • $6,800 /Mo
      1,742 SF

      Established Bronx Restaurant Opportunity

      Restaurant space with equipment, basement, and high foot traffic.
      2783 3Rd Ave, Bronx, NY 10455
      View Details

    FAQs

    What type of property is this?
    Specialty property - Retail space available on a busy section of Jerome Avenue.
    Where is this specialty property located?
    The property is located at 3462 Jerome Ave, Unit The Bronx, NY.
    What are key features of this property?
    This property features: - Busier side of Jerome Avenue
    Request Owner's contact information
    3462 Jerome Ave, Unit The Bronx, NY 10467
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3462 Jerome Ave, Unit The
    Bronx, NY 10467
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3462 Jerome Ave, Unit The Bronx, NY 10467
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rick Stassa
    Rick Stassa
    Real Estate License ID: 10371201307
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!