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Property profile & analytics
OFF-MARKET
Estimated value
$15,775,000
Office buildings
10538 Rockaway Bch Blvd, Rockaway Park, NY 11694-2645
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-5966444
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2018
Total area
50,490 SF
Lot
1.5 ac (65,166 SF)
Zoning code
R5D
APN
16178-0080
UPID
US63-5966444
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
by Request
Blend (final)
Blend
$15.78M
Owner & transaction history
105 Rockaway Realty LLC · 10 yrs held
105 Rockaway Realty LLC
since 2016
7 recorded transactions
Zoning & alternative use
R5D · Rockaway Park, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rockaway Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Park 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
RETAIL STORES
$22,840,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$15.78M
Range $14.20M – $17.35M · ±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
$312 / 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
$383,314
Tax year 2024
Assessed value
$3,618,900
Assessed 2024
Previous assessed
$3,528,000
+2.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,466,100
Assessed improvement
$2,152,800
Land market value
$3,258,000
Improvement market value
$4,784,000
Total market value
$8,042,000
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
2018
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
50,490 SF
Lot
1.5 ac (65,166 SF)
Zoning code
R5D
APN
16178-0080
UPID
US63-5966444
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Rockaway Park, NY
Zoning R5D · permitted uses
R5D · Rockaway Park, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$22.8M
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
2018
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
105 Rockaway Realty LLC
Entity
Mailing address
2 BROAD ST #40, BLOOMFIELD, NJ 07003-2547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
—
105 Rockaway Realty LLC
—
Deed
related
$16,500,000 · Provident Bank
May 1, 2017
—
105 Rockaway Realty LLC
—
Loan Modification
related
$12,740,901 · Provident Bk
Jan 12, 2017
—
105 Rockaway Realty LLC
—
Grant Deed
related
$12,740,901 · Provident Bk
May 24, 2016
$2,332,805
105 Rockaway Realty LLC
Rock Beach Realty Group LLC
Warranty Deed
—
Feb 23, 2009
$2,650,000
Rock Beach Realty Group LLC
Fbh-ko LLC
Grant Deed
$1,100,000 · Business Initiative Corp/new Y
Nov 19, 2008
$2,100,000
Fbh-ko LLC
Icc Performance 3
Grant Deed
—
—
—
Business Initiative Corp Of Ny
—
Deed Of Trust
related
$1,375,000 · Carver Fsb
—
—
Rock Beach Realty Group LLC
—
Deed Of Trust
related
$1,375,000 · Carver Fsb
—
—
Performance 3 Icc
—
Deed Of Trust
related
$800,000 · Independence Community Bank
—
—
Rock Beach Realty Group LLC
—
Deed Of Trust
related
$1,127,000 · Business Initiative Corp/new Y
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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