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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
10230 Jamaica Ave, Jamaica, NY 11418-2009
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-6004386
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1951
Total area
1,980 SF
Lot
0.11 ac (4,930 SF)
Zoning code
R6A
APN
09288-0014
UPID
US63-6004386
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
$822k
Blend (final)
Blend
$625k
Owner & transaction history
Irma Realty Holdings LLC · 6 yrs held
Irma Realty Holdings LLC
since 2020
6 recorded transactions
Zoning & alternative use
R6A · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$885,000
+20.5%
Retail stores
$850,000
+16.3%
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 Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica 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
OFFICE BUILDING
$735,000
Current use
WAREHOUSE, STORAGE
$885,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$316 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,968
Tax year 2024
Assessed value
$160,200
Assessed 2024
Previous assessed
$161,550
-0.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$59,850
Assessed improvement
$100,350
Land market value
$133,000
Improvement market value
$223,000
Total market value
$356,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
1,980 SF
Lot
0.11 ac (4,930 SF)
Zoning code
R6A
APN
09288-0014
UPID
US63-6004386
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Jamaica, NY
Zoning R6A · permitted uses
R6A · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$885,000
RETAIL STORES
Est. value
$850,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1951
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Irma Realty Holdings LLC
Entity
Mailing address
16625 POWELLS CV BLVD10F, JAMAICA, NY 11418
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
$2,500,000
Irma Realty Holdings LLC
102-30 Jamaica Ave Realty LLC
Grant Deed
—
Apr 11, 2019
—
102-30 Jamaica Ave Realty LLC
865 Walton Realty Corp
Grant Deed
—
Feb 29, 2016
$3,400,000
865 Walton Realty Corp
23-10 31st Drive LLC
Grant Deed
—
Oct 2, 2015
$1,950,000
23-10 31st Drive LLC
Title Agency Headquarters LLC
Deed
$1,267,500 · Td Bank, NA
Dec 28, 2005
$487,500
Title Agency Headquarters LLC
Revival Christian Center World Miss
Deed
$390,000 · Citibank NA
—
—
Revival Christian Ctr World Mi
—
Deed Of Trust
related
$228,000 · Commercial Funding Corp
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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