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    Property profile & analytics

    1135 Bronx Riv Ave Bronx, NY 10472-3101

    • Warehouses
    • 29,256 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $8,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3961812
    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

    • Roadway Moving - Bronx Moving Company / Moving Company / Storage Facility

    Property Details for 1135 Bronx Riv Ave

    Year built
    1957
    Lot size
    0.80 lot acres
    Property size
    29,256 SF
    Zone code
    M1-1
    Property type
    Warehouses
    APN
    03734-0015
    APU
    37340015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,378,000
      Market price range: $7.28M - $17.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $11,340,000
      Current use
      INDUSTRIAL (GENERAL)
      $10,870,000
      Change: -4% Conversion: Easy
      OFFICE BUILDING
      $10,670,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8839
    Latitude
    40.8263
    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
    $92,230
    $164,700
    $706,050
    $870,750
    -
    $366,000
    $1,765,000
    $2,131,000

    Comparable in this City

    • Value Estimation
      $985,000
      2,864 SF

      1431 Bruckner Blvd

      WAREHOUSE, STORAGE • 2,864 SF
      1431 Bruckner Blvd, Bronx, NY 10472-6413
      View Details
    • Value Estimation
      $2,925,000
      9,681 SF

      1144 Bronx Riv Ave

      WAREHOUSE, STORAGE • 9,681 SF
      1144 Bronx Riv Ave, Bronx, NY 10472-3102
      View Details
    • Value Estimation
      $2,750,000
      8,750 SF

      1128 Close Ave

      WAREHOUSE, STORAGE • 8,750 SF
      1128 Close Ave, Bronx, NY 10472-3104
      View Details
    • Value Estimation
      $2,785,000
      8,715 SF

      1148-1150 Close Ave

      WAREHOUSE, STORAGE • 8,715 SF
      1148-1150 Close Ave, Bronx, NY 10472
      View Details
    • Value Estimation
      $2,685,000
      8,750 SF

      1140 Close Ave

      WAREHOUSE, STORAGE • 8,750 SF
      1140 Close Ave, Bronx, NY 10472-3104
      View Details
    • Value Estimation
      $3,040,000
      10,000 SF

      1140 Bronx Riv Ave

      WAREHOUSE, STORAGE • 10,000 SF
      1140 Bronx Riv Ave, Bronx, NY 10472-3102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,500 SF

      Industrial Space with Cold Storage

      17,500 SF industrial space with cold storage and parking.
      1110-1150 Close Ave, Bronx, NY 10472
      View Details
    • $825,000
      Pending

      Bronx Two-Family Home with Yard

      Two-family home in the Soundview/Clason Point area of the Bronx.
      1238 Colgate Ave, Bronx, NY 10472
      View Details
    • $999,999
      Pending

      Soundview Two-Family Home For Sale

      Two-family home with redevelopment potential in a prime Bronx location.
      1151 Saint Lawrence Ave, Bronx, NY 10472
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Renovated Warehouse Space Available

      10,000 sq ft renovated warehouse space for rent.
      1201 Bronx River Ave, Bronx, NY 10472
      View Details
    • Contact for pricing

      Renovated Flex Space Available

      10,000 sq ft flex space for rent.
      1209 Bronx River Ave, Bronx, NY 10472
      View Details
    • Contact for pricing

      Westchester Avenue Commercial Space

      Commercial space available for lease on Westchester Avenue.
      1451 Westchester Ave, Bronx, NY 10472
      View Details
    • Contact for pricing
      12,000 SF

      New Development Retail Opportunity

      New development near transportation and upcoming housing.
      2069 Bruckner Blvd, Bronx, NY 10472
      View Details
    • Contact for pricing

      Westchester Avenue Retail Space

      Retail space available for lease on Westchester Avenue.
      1772 Westchester Ave, Bronx, NY 10472
      View Details
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    1135 Bronx Riv Ave
    Bronx, NY 10472-3101
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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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