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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail residential properties
11919 Jamaica Ave, Jamaica, NY 11418-2512
Entity Owned
15-yr Hold
Property ID
US63-2044556
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1970
Total area
3,019 SF
Lot
0.04 ac (1,960 SF)
Zoning code
R6A
APN
09273-0173
UPID
US63-2044556
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
Current use
Occupant on record · Public records
-
Snip Dogg Doggy Spa Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$600k
Owner & transaction history
119-19 Jamaica Ave LLC · 15 yrs held
119-19 Jamaica Ave LLC
since 2010
6 recorded transactions
Zoning & alternative use
R6A · Jamaica, 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 Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica 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%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$199 / 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
$14,719
Tax year 2024
Assessed value
$161,100
Assessed 2024
Previous assessed
$135,720
+18.7% YoY
Effective rate
9.14%
On assessed value
Assessed land
$35,100
Assessed improvement
$126,000
Land market value
$78,000
Improvement market value
$280,000
Total market value
$358,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
3,019 SF
Lot
0.04 ac (1,960 SF)
Zoning code
R6A
APN
09273-0173
UPID
US63-2044556
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Jamaica, NY
Zoning R6A · permitted uses
R6A · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$790,000
COMMERCIAL (GENERAL) Current
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
1970
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.04 ac
Current owner
From public records · entity-resolved
119-19 Jamaica Ave LLC
Entity
Mailing address
11919 JAMAICA AVE, JAMAICA, NY 11418-2512
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
119-19 Jamaica Ave., LLC
—
Deed
related
$1,725,000 · Hanover Community Bank
Jun 9, 2016
—
119-19 Jamaice Ave LLC
—
Deed
related
$341,525 · Santander Bank, N A
Nov 16, 2010
$360,000
119-19 Jamaica Ave LLC
Cambridge Funding Group LLC
Deed
$335,000 · Bnb Bank NA
May 5, 2010
—
Cambridge Fndg Group LLC
119-19 Jamaica Corp
Grant Deed
—
Apr 17, 2006
$565,000
119-19 Jamaica Corp
Richmond Hill Halpern Rlty LLC
Grant Deed
$550,000 · Cambridge Funding Group LLC
—
—
119-19 Jamaica Ave LLC
—
Loan Modification, Consolidation And Extension
related
$630,000 · Santander Bk NA
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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