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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1058 Morris Park Ave Bronx, NY 10461-1478

    • Investment properties
    • 2,084 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2024
    $443,000
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    9.4%
    Investment properties
    Location Intelligence
    Property ID
    US63-2576901
    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.

    Current Use by Public Records

    • Carmine & John's Hair Stylist / Barber Shop
    • Ninivaggio Francis C DDS / Dentist
    • Alex Unisex Hairstyling / Barber Shop
    • Believe In Me Early Intervention / Home Health Care Service
    • Diaspora Euromarket / Deli

    Property Details for 1058 Morris Park Ave

    Year built
    1925
    Lot size
    0.06 lot acres
    Property size
    2,084 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    04104-0004
    APU
    41040004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $445,000
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $695,000
      6.5%
      $640,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $668,000
      Market price range: $387k - $668k
      AI Estimate
      $286,000
      Market price range: $141k - $287k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $515,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8541
    Latitude
    40.8488
    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
    $15,472
    $60,750
    $85,320
    $146,070
    -
    $135,000
    $308,000
    $443,000

    Comparable in this City

    • Value Estimation
      $330,000
      2,300 SF

      2135 Williamsbridge Rd

      STORE/OFFICE (MIXED USE) • 2,300 SF
      2135 Williamsbridge Rd, Bronx, NY 10461-1601
      View Details
    • Value Estimation
      $520,000
      4,050 SF

      130-134 Westchester Sq

      STORE/OFFICE (MIXED USE) • 4,050 SF
      130-134 Westchester Sq, Bronx, NY 10461
      View Details
    • Value Estimation
      $510,000
      11,600 SF

      1888-1892 Eastchester Rd

      STORE/OFFICE (MIXED USE) • 11,600 SF
      1888-1892 Eastchester Rd, Bronx, NY 10461
      View Details
    • Value Estimation
      $625,000
      20,871 SF

      25 Westchester Sq

      STORE/OFFICE (MIXED USE) • 20,871 SF
      25 Westchester Sq, Bronx, NY 10461-3545
      View Details
    • Value Estimation
      $1,220,000
      2,986 SF

      72 Westchester Sq

      STORE/OFFICE (MIXED USE) • 2,986 SF
      72 Westchester Sq, Bronx, NY 10461-3524
      View Details
    • Value Estimation
      $585,000
      16,000 SF

      2925 Westchester Ave

      STORE/OFFICE (MIXED USE) • 16,000 SF
      2925 Westchester Ave, Bronx, NY 10461-4503
      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.
      1136 Rhinelander, Bronx, NY 10461
      View Details
    • $689,900
      Pending

      Well-Maintained Duplex in Pelham Bay

      Turnkey multifamily home with upgrades, strong rental potential, and curb appeal.
      3031 Coddington Ave, Bronx, NY 10461
      View Details
    • $2,300,000
      3,960 SF

      Morris Park 5-Family Investment Opportunity

      Five unit building with garage near Montefiore Hospital.
      1181 Sackett Ave, Bronx, NY 10461
      View Details
    • $1,899,000

      Mixed-Use Property in Westchester Square

      Mixed-use property with storefront and two residential units.
      1442 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $1,250,000
      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
    • $3,800,000
      8,235 SF

      Morris Park Commercial Retail Package

      Five commercial buildings with long-term tenants in the Bronx.
      2012 Williamsbridge Rd, Bronx, NY 10461
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Bronx Office Space For Rent

      Office space available in the Pelham Parkway area of the Bronx.
      1934 Yates Ave, Bronx, NY 10461
      View Details
    • New
      $3,300 /Mo

      Bronx Office Suite For Rent

      Commercial office suite with elevator access, suitable for various businesses.
      2024 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $30 SF/Yr
      4,000 SF

      Retail Space in New Development

      Retail space available in new development with corner visibility.
      2135 Colonial Ave, Bronx, NY 10461
      View Details
    • $49 SF/Yr

      Storefront with Basement Near Transportation

      2300 Sq. Ft. storefront with basement near transportation.
      1729 Crosby Ave, Bronx, NY 10461
      View Details
    • $5,500 /Mo
      5,001 SF

      Retail/Office Space on Williamsbridge Road

      Retail/office space with parking on bustling Williamsbridge Road.
      1937 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $3,225 /Mo
      860 SF

      Versatile Commercial Space in the Bronx

      860 sq ft commercial space suitable for various businesses.
      2814 Middletown Rd, Bronx, NY 10461
      View Details
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    Bronx, NY 10461-1478
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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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