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    1030 Morris Park Ave Bronx, NY 10461-1447
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    Property profile & analytics

    1030 Morris Park Ave Bronx, NY 10461-1447

    View on Map
    • Investment properties
    • 6,000 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US63-2499411
    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.
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dart Insurance Brokerage Inc. / Insurance Agency
    • Main Street Property and Casualty Agency LLC / Insurance Agency
    • Main Street Property & Casualty Agency LLC / Insurance Agency
    • Nezaj & Co. CPAs / Accounting Firm / Tax Preparation
    • Jak Realty Inc / Real Estate Agency

    Property Details for 1030 Morris Park Ave

    Year built
    1928
    Lot size
    0.06 lot acres
    Property size
    6,000 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04103-0004
    APU
    41030004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,209,000
      Market price range: $1.12M - $1.92M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,480,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8549
    Latitude
    40.8484
    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
    $22,568
    $5,730
    $185,962
    $191,692
    -
    $25,000
    $811,400
    $836,400

    Comparable in this City

    • Value Estimation
      $630,000
      3,245 SF

      1028 Neill Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,245 SF
      1028 Neill Ave, Bronx, NY 10461-1356
      View Details
    • Value Estimation
      $595,000
      3,676 SF

      1586 Williamsbridge Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,676 SF
      1586 Williamsbridge Rd, Bronx, NY 10461-6208
      View Details
    • Value Estimation
      $715,000
      4,500 SF

      2030-2032 Williamsbridge Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,500 SF
      2030-2032 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • Value Estimation
      $505,000
      3,000 SF

      1560 Mayflower Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      1560 Mayflower Ave, Bronx, NY 10461-5400
      View Details
    • Value Estimation by Request
      2,646 SF

      1600 Hering Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,646 SF
      1600 Hering Ave, Bronx, NY 10461-2006
      View Details
    • Value Estimation
      $530,000
      3,528 SF

      1144 Van Nest Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,528 SF
      1144 Van Nest Ave, Bronx, NY 10461-1922
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3,426 SF

      Prime Bronx Corner Office Building

      Three-story office building, 3,426 SF, vacant 3rd floor.
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    • $999,000
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      Morris Park Mixed-Use Opportunity

      Well-maintained 2-family home with commercial overlay in Morris Park.
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    • Contact for pricing
      3,676 SF

      Mixed-Use Building For Sale

      Two-story brick building with apartments and retail space.
      1586 Williamsbridge Rd, Bronx, NY 10461
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,133 SF

      Office Space with Abundant Parking

      Partially furnished office space with shuttle and campus amenities.
      1776 Eastchester Rd, Bronx, NY 10461
      View Details
    • Contact for pricing
      15,304 SF

      New Retail Space in Bronx

      New retail space in mixed-use building, available Spring 2026.
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      63,000 SF

      Bronx Warehouse Space Available

      63,000 SF warehouse space for lease in Bronx.
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    • Contact for pricing
      5,000 SF

      Westchester Avenue Retail Space Available

      Second floor retail space in mixed-use building for rent.
      3217 Westchester Ave, Bronx, NY 10461
      View Details
    • $3,000 /Mo

      Versatile Second Floor Office Space

      Adaptable office space suitable for various commercial uses.
      2111 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $5,500 /Mo

      Retail/Office Space on Williamsbridge Road

      Retail/office space with parking on bustling Williamsbridge Road.
      1937 Williamsbridge Rd, Bronx, NY 10461
      View Details
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    1030 Morris Park Ave
    Bronx, NY 10461-1447
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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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