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

    12041 Flatlands Ave Brooklyn, NY 11207

    • Automotive properties
    • 2,100 SF
    • 0.17 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2650008
    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

    • Frutas / Car Dealer

    Property Details for 12041 Flatlands Ave

    Year built
    1950
    Lot size
    0.17 lot acres
    Property size
    2,100 SF
    Zone code
    M1-1
    Property type
    Automotive properties
    APN
    04409-0029
    APU
    44090029

    Description

    This exceptional 20,000 square foot industrial property, located at 12041 Flatlands Avenue in Brooklyn, New York, presents a significant opportunity for owner-users. Situated on a 20,000 square foot lot, this single-story building boasts a versatile M1-1 zoning designation, ideal for distribution, manufacturing, or warehouse operations. The property is currently vacant, offering immediate occupancy for a discerning buyer. The single-unit structure provides ample space for various industrial uses, with the potential for customization to meet specific business needs. Its convenient location in Kings County, New York, with a zip code of 11207, offers easy access to major transportation arteries, facilitating efficient logistics and distribution. This is a rare opportunity to acquire a substantial industrial property in a prime Brooklyn location, perfectly suited for businesses seeking a functional and strategically located space to expand or establish their operations. The property's size and zoning make it a highly attractive investment for those seeking a significant footprint in a thriving commercial area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $742,000
      Market price range: $239k - $757k

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.8892
    Latitude
    40.6518
    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
    $21,954
    $72,900
    $175,500
    $248,400
    -
    $162,000
    $390,000
    $552,000

    Comparable in this City

    • Value Estimation by Request
      900 SF

      1821 New York Ave

      VEHICLE SALES, RENTALS • 900 SF
      1821 New York Ave, Brooklyn, NY 11207-2311
      View Details
    • Value Estimation
      $530,000
      2,466 SF

      1927 Broadway

      VEHICLE SALES, RENTALS • 2,466 SF
      1927 Broadway, Brooklyn, NY 11207
      View Details
    • Value Estimation by Request
      391 SF

      2688 Fulton St

      VEHICLE SALES, RENTALS • 391 SF
      2688 Fulton St, Brooklyn, NY 11207-2527
      View Details
    • Value Estimation
      $525,000
      400 SF

      1580 Bushwick Ave

      VEHICLE SALES, RENTALS • 400 SF
      1580 Bushwick Ave, Brooklyn, NY 11207-1705
      View Details
    • Value Estimation
      $555,000
      1,760 SF

      1529 Bushwick Ave

      VEHICLE SALES, RENTALS • 1,760 SF
      1529 Bushwick Ave, Brooklyn, NY 11207
      View Details
    • Value Estimation by Request
      400 SF

      12025 Flatlands Ave

      VEHICLE SALES, RENTALS • 400 SF
      12025 Flatlands Ave, Brooklyn, NY 11207
      View Details

    Similar Nearby for Sale

    • $600,000

      Brooklyn Commercial Property For Sale

      Commercial property available for sale in Brooklyn, New York.
      584 Hinsdale St, Brooklyn, NY 11207
      View Details
    • $1,499,999

      Brooklyn Auto Shop For Sale

      Auto body shop business and property for sale in Brooklyn.
      579 Liberty Ave, Brooklyn, NY 11207
      View Details
    • $3,680,000
      4,750 SF

      Brooklyn Industrial Property and Business

      Property and well-established car wash parts supply business for sale.
      153 Snediker Ave, Brooklyn, NY 11207
      View Details
    • $930,000
      Pending

      Brooklyn Mixed-Use Property For Sale

      Mixed-use property featuring retail space and renovated residential unit.
      427 New Lots Ave, Brooklyn, NY 11207
      View Details
    • $2,400,000

      Brooklyn Retail Space with Air Rights

      Retail space in Brooklyn with potential for residential expansion.
      2849 Fulton St, Brooklyn, NY 11207
      View Details
    • $799,000

      Mixed-Use Building in East New York

      Mixed-use building with retail and residential units in Brooklyn.
      421 New Lots Ave, Brooklyn, NY 11207
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Brooklyn Lot with Parking Spaces

      2,650 SF lot with 9 parking spaces for rent.
      141 Pennsylvania Ave, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      5,000 SF

      Flatlands Ave Retail Space - Brooklyn, NY

      Prime Retail/Medical Space Available in Starrett City
      12073 Flatlands Ave, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      128,000 SF

      Retail Space in Brooklyn Development

      Retail opportunity in a transformative, high-traffic Brooklyn development.
      12020 Flatlands Ave, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      800 SF

      Brooklyn Retail Space for Rent

      Retail space in modern building with access to transportation.
      2746 Fulton St, Brooklyn, NY 11207
      View Details
    • $55 SF/Yr
      2,710 SF

      Prime Brooklyn Commercial Space

      Retail & Office Suites Available in East New York
      2667 Fulton St, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      400,000 SF

      Prime East New York Office Space

      Modern Executive Offices, Broadway Junction
      2440 Fulton St, Brooklyn, NY 11207
      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.
    12041 Flatlands Ave
    Brooklyn, NY 11207
    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.