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Property profile & analytics
OFF-MARKET
Estimated value
$15,600,000
Office buildings
12046 Queens Blvd, Jamaica, NY 11415-1204
Entity Owned
20-yr Hold
Free & Clear
Property ID
US63-2633966
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1992
Total area
57,000 SF
Lot
0.42 ac (18,300 SF)
Zoning code
C4-4
APN
03358-0018
UPID
US63-2633966
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
-
Fisher Billa M MD Physician Medical Clinic
-
Island Rehabilitation Medical Clinic
-
Schroid Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.60M
Owner & transaction history
120-34 & 70 Qb LLC · 20 yrs held
120-34 & 70 Qb LLC
since 2005
3 recorded transactions
Zoning & alternative use
C4-4 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$25.4M
+20.5%
Retail stores
$24.5M
+16.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,085,000
Current use
WAREHOUSE, STORAGE
$25,410,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$24,530,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,765,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$15.60M
Range $14.04M – $17.16M · ±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
$274 / 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
$472,322
Tax year 2024
Assessed value
$4,686,750
Assessed 2024
Previous assessed
$4,431,060
+5.8% YoY
Effective rate
10.08%
On assessed value
Assessed land
$900,000
Assessed improvement
$3,786,750
Land market value
$2,000,000
Improvement market value
$8,415,000
Total market value
$10,415,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
1
Stories
4
Units
2
Total area
57,000 SF
Lot
0.42 ac (18,300 SF)
Zoning code
C4-4
APN
03358-0018
UPID
US63-2633966
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Jamaica, NY
Zoning C4-4 · permitted uses
C4-4 · 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
OFFICE BUILDING Current
Est. value
$21.1M
WAREHOUSE, STORAGE
Est. value
$25.4M
RETAIL STORES
Est. value
$24.5M
COMMERCIAL (GENERAL)
Est. value
$17.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1992
Heating
NONE
Stories
4
Buildings
1
Units
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
120-34 & 70 Qb LLC
Entity
Free & Clear · 20 yrs held
Mailing address
40 CUTTERMILL RD STE #405, GREAT NECK, NY 11021-3213
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2005
—
120-34 & 70 Qb LLC
120-34 Queens Blvd Realty Ll
Quit Claim Deed
related
—
—
—
120-34/70 Qb LLC
—
Loan Modification, Consolidation And Extension
related
$18,000,000 · Dime Svgs Bk/williamsburgh
—
—
120-34/70 Qb LLC
—
Deed Of Trust
related
$10,842,841 · Dime Svgs Bk/williamsburgh
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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