Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1172 Tremont Ave, Unit B Bronx, NY 10460-2479

    • Retail space
    • 2,784 SF
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5461586
    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

    • $5 to $10 Notary by Ms. Thompson / Notary Public
    • Medical Waste Pros / Information Services / Business To Business Service
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • Bentley Specialty Pharmacy / Wholesale Drugstore
    • Bentley Pharmacy / Pharmacy

    Property Details for 1172 Tremont Ave

    Year built
    2013
    Property size
    2,784 SF
    Zone code
    M1-1
    Property type
    Retail space
    APN
    03909-1002
    APU
    39091002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $975,000
      6.5%
      $900,000
      7%
      $835,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $386,000
      Market price range: $202k - $550k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.875
    Latitude
    40.8396
    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
    $21,437
    $8,058
    $194,335
    $202,393
    -
    $17,907
    $444,000
    $461,907

    Comparable in this City

    • Value Estimation
      $1,005,000
      2,500 SF

      802 Tremont Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      802 Tremont Ave, Bronx, NY 10460-4146
      View Details
    • Value Estimation
      $610,000
      3,856 SF

      1560 Boone Ave, Unit RET

      RETAIL STORES (PERSONAL SERVICES) • 3,856 SF
      1560 Boone Ave, Bronx, NY 10460-5687
      View Details
    • Value Estimation
      $660,000
      6,343 SF

      1181 Cross Bronx Expys1-3

      RETAIL STORES (PERSONAL SERVICES) • 6,343 SF
      1181 Cross Bronx Expys1-3, Bronx, NY 10460-6410
      View Details
    • Value Estimation
      $470,000
      4,120 SF

      1407 180th St

      RETAIL STORES (PERSONAL SERVICES) • 4,120 SF
      1407 180th St, Bronx, NY 10460-3003
      View Details
    • Value Estimation
      $635,000
      4,488 SF

      838 180th St

      RETAIL STORES (PERSONAL SERVICES) • 4,488 SF
      838 180th St, Bronx, NY 10460-1702
      View Details
    • Value Estimation
      $440,000
      2,975 SF

      761 182nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,975 SF
      761 182nd St, Bronx, NY 10460-1140
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,250 SF

      Mixed-Use Commercial Building For Sale

      Two-story commercial building with retail, office, and storage spaces.
      788 E Tremont Ave, Bronx, NY 10460
      View Details
    • $895,000

      Renovated Bronx Multi-Family Home

      Newly renovated two-family home with parking in the Bronx.
      1495 Longfellow Ave, Bronx, NY 10460
      View Details
    • $10,750,000
      89,750 SF

      Bronx Warehouse: $10.75M

      89,750 SF Warehouse, Bronx, NY
      425 Devoe Ave, The Bronx, NY 10460
      View Details
    • $1,150,000

      Bronx Quadruplex For Sale

      Colonial quadruplex in excellent condition, Bronx, NY.
      1989 Southern Blvd, Bronx, NY 10460
      View Details
    • $1,299,000
      Pending

      Bronx Triplex on Rosedale Avenue

      Vacant triplex on a large R5 zoned lot in Bronx.
      1517-1519 Rosedale Ave, Bronx, NY 10460
      View Details
    • $1,068,000

      Well-Maintained Brick Triplex in Bronx

      Legal 3-family brick house near subway with separate utilities.
      875 Elsmere Pl, Bronx, NY 10460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Bronx Warehouse with Loading Dock

      20,000 SF Bronx warehouse space with loading dock.
      2111 Southern Blvd, Bronx, NY 10460
      View Details
    • $55 SF/Yr
      2,058 SF

      Bronx Retail Space Available

      2,058 SF retail space for rent in Bronx, NY.
      895 Fairmount Pl, Bronx, NY 10460
      View Details
    • Contact for pricing
      4,000 SF

      Former Medical Space For Rent

      4,000 SF retail space near Bronx Zoo.
      1926 Crotona Pkwy, Bronx, NY 10460
      View Details
    • Contact for pricing
      4,250 SF

      East Tremont Avenue Retail Space

      Retail, medical, restaurant, and education uses are all considered.
      773-775 E Tremont Ave, Bronx, NY 10460
      View Details
    • $46 SF/Yr
      6,500 SF

      West Farms Medical Office Building

      Brand new, multi-tenant medical office space.
      909 Tremont Ave, The Bronx, NY 10460
      View Details
    • Contact for pricing
      23,000 SF

      Prime Bronx Medical Office Space

      23,000 SF Medical Office Available
      2095 Southern Blvd, The Bronx, NY 10460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1172 Tremont Ave, Unit B
    Bronx, NY 10460-2479
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.