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    1910 Story Ave The Bronx, NY 10473
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    Property profile & analytics

    1910 Story Ave, The Bronx, NY 10473

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    • Lifestyle centers
    • 3,164 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Shops at Bruckner / Shopping Center & Mall
    • AutoZone Auto Parts / Auto Parts Store

    Property Details for 1910 Story Ave

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 3,164 square foot medical office space is located within Bruckner Commons at 1910 Story Ave, The Bronx, NY 10473. The property is categorized as Retail, Office, and Restaurant, with a primary subtype of Medical Office and Shopping Center. The entire space is currently vacant and available for lease, presenting a unique opportunity for a single tenant to occupy the entire building. The building features a total of one suite. Ample parking is provided with 1,091 free parking spaces, ensuring convenient access for patients and staff. Situated in Bronx County, New York, this location offers excellent visibility and accessibility. The property's diverse zoning allows for a variety of medical uses, making it ideal for a range of healthcare practices. This is a rare opportunity to secure a substantial, fully vacant medical office building in a high-traffic area of The Bronx. The building's size and parking capacity make it suitable for a large practice or a multi-disciplinary medical facility. Interested parties are encouraged to inquire promptly to explore this exceptional leasing opportunity. The property is ready for immediate occupancy.

    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
    -73.8591
    Latitude
    40.8239

    Comparable in this City

    • Value Estimation by Request
      6,500 SF

      1600 Bruckner Blvd

      Community centers
      1600 Bruckner Blvd, The Bronx, NY 10473
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    • Value Estimation by Request
      2,200 SF

      1600 Bruckner Blvd

      Restaurants
      1600 Bruckner Blvd, The Bronx, NY 10473
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    • Value Estimation by Request
      936 SF

      672 Castle Hill Ave

      Retail properties & Spaces
      672 Castle Hill Ave, The Bronx, NY 10473
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    • Value Estimation by Request
      388,887 SF

      1948-1998 Bruckner Blvd

      Retail properties & Spaces
      1948-1998 Bruckner Blvd, The Bronx, NY 10473
      View Details
    • Value Estimation by Request

      320 Soundview Ave, Unit 1

      OFFICE (GENERAL)
      320 Soundview Ave, Bronx, NY 10473-3084
      View Details
    • Value Estimation
      $4,120,000
      13,752 SF

      625 Bolton Ave, Unit 1

      CONDOMINIUM OFFICES
      625 Bolton Ave, Bronx, NY 10473-2903
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in The Bronx.
      1910 Story Ave, Bronx, NY 10473
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      60,000 SF

      Bronx Retail Space Available

      60,000 square foot retail space in the Bronx.
      861 Zerega Ave, Bronx, NY 10473
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    • Contact for pricing
      4,229 SF

      Regional Shopping Center Retail Space

      Retail space available in a high-traffic Bronx shopping center.
      1933-1985 Bruckner Blvd, Bronx, NY 10473
      View Details
    • Contact for pricing
      5,400 SF

      Bruckner Commons Retail Space

      Open-air shopping center with diverse tenant mix and ample parking.
      800-845 Story Ave, Bronx, NY 10473
      View Details
    • Contact for pricing

      Flexible Office Space Available

      Office space in the Soundview/Clason Point area for rent.
      306 White Plains Rd, Bronx, NY 10473
      View Details
    • Contact for pricing
      2,565 SF

      Bruckner Blvd Retail Opportunity

      Retail space available for ground lease or built to suit.
      1896-1898 Bruckner Blvd, Bronx, NY 10473
      View Details
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    The Bronx, NY 10473
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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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