Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2918 Bronx Blvd The Bronx, NY 10467

    • Retail properties
    • 4,576 SF
    For Sale
    View listing
    $1,699,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2918 Bronx Blvd

    Property size
    4,576 SF
    Property type
    Retail properties
    Property subtype
    Mixed-use properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8701
    Latitude
    40.8717

    Comparable in this City

    • Value Estimation by Request
      12,491 SF

      3802 White Plains Rd

      Medical offices • 12,491 SF
      3802 White Plains Rd, The Bronx, NY 10467
      View Details
    • Value Estimation by Request
      6,080 SF

      3857 White Plains Rd

      Mixed-use properties • 6,080 SF
      3857 White Plains Rd, The Bronx, NY 10467
      View Details
    • Value Estimation by Request
      51,244 SF

      2916 White Plains Rd

      Day care centers • 51,244 SF
      2916 White Plains Rd, The Bronx, NY 10467
      View Details
    • Value Estimation by Request
      2,900 SF

      3466 Jerome Ave

      Restaurants • 2,900 SF
      3466 Jerome Ave, The Bronx, NY 10467
      View Details
    • Value Estimation by Request
      3,900 SF

      3478 Webster Ave

      Retail properties • 3,900 SF
      3478 Webster Ave, The Bronx, NY 10467
      View Details
    • Value Estimation by Request
      2,800 SF

      3466B Jerome Ave

      Retail properties • 2,800 SF
      3466B Jerome Ave, Bronx, NY 10467
      View Details

    Similar Nearby for Sale

    • $1,699,000
      4,576 SF

      Throggs Neck Mixed-Use Investment

      High-yield Bronx property, 7% CAP rate.
      2918 Bronx Blvd, The Bronx, NY 10467
      View Details
    • $1,550,000
      0.05 Acres

      Bronx Mixed-Use Investment Property

      Turn-key, fully leased mixed-use property with income and growth potential.
      3194 Webster Ave, Bronx, NY 10467
      View Details
    • $829,000
      1,963 SF

      Bronx Mixed-Use Investment Opportunity

      Prime Bronx location, renovated, high potential.
      3537 Holland Ave, Bronx, NY 10467
      View Details
    • $6,000,000
      10,200 SF

      Retail Building in Desired Neighborhood

      Fully occupied retail building in a high-traffic location.
      320-326 E 204Th St, Bronx, NY 10467
      View Details
    • $120,000

      Halal Supermarket Business Opportunity

      Profitable supermarket with halal meat section for sale.
      755 Allerton Ave, Bronx, NY 10467
      View Details
    • Contact for pricing
      6,100 SF

      Retail/Warehouse Building with High Ceilings

      Large corner retail/warehouse building with high ceilings and roll-down gates.
      2500 Boston Rd, Bronx, NY 10467
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Prime Bronx Retail Space

      2,800 SF Retail Space - Available Now
      3466B Jerome Ave, Bronx, NY 10467
      View Details
    • Contact for pricing
      2,800 SF

      Jerome Avenue Retail Space

      Retail space available near Mosholu Parkway subway stop.
      3466-3476 Jerome Ave, Bronx, NY 10467
      View Details
    • $9,989 /Mo
      3,500 SF

      Spacious Bronx Retail/Office Opportunity

      Large commercial space in prime Bronx location, suitable for various uses.
      369 E 204Th St, Bronx, NY 10467
      View Details
    • $3,250 /Mo
      763 SF

      Retail Space in Norwood, Bronx

      763 SF retail space available for lease in the Bronx.
      338 E Gun Hill Rd, Bronx, NY 10467
      View Details
    • $35 SF/Yr
      9,328 SF

      Luxury Retail Space Available

      Second floor retail space in new luxury development.
      653 Mace Ave, Bronx, NY 10467
      View Details
    • $3,900 /Mo
      476 SF

      Retail Space on Gun Hill

      Retail space available for lease in the Bronx.
      233 E Gun Hill Rd, Bronx, NY 10467
      View Details
    Request Owner's contact information
    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.
    2918 Bronx Blvd
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.