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    Property profile & analytics

    1217 E 233Rd St Bronx, NY 10466

    • Retail space
    • 1,105 SF
    • 0.06 lot acres
    For Sale
    View listing
    $120,000
    Value Estimations
    Cap Rate Potential
    5.5%
    Retail space
    Location Intelligence
    Property ID
    US63-0006970
    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

    • KENNEDY FRIED CHICKEN / Fast Food Restaurant / Chicken Restaurant

    Property Details for 1217 E 233Rd St

    Year built
    2018
    Lot size
    0.06 lot acres
    Property size
    1,105 SF
    Zone code
    R4
    Property type
    Retail space
    APN
    04954-0074
    APU
    49540074

    Description

    This 6,498 square foot retail strip center, located at 1217 E 233rd Street (cross streets: Baychester Avenue), in the Bronx, NY 10466, offers a fantastic opportunity for businesses seeking high visibility and foot traffic. The property features six suites in total, with one suite currently available, measuring 1,072 square feet. This space presents a flexible layout ideal for a variety of retail uses. The center benefits from ample parking with 10 spaces available for customers. The location boasts exceptional visibility and accessibility, situated at a busy intersection with over 18,000 vehicles passing daily. This ensures strong exposure for your business. The area is supported by a robust mix of established national and local retailers, including Citgo, Popeyes, Citi Bank, T-Mobile, Carvel, Dunkin', Subway, and Kennedy Fried Chicken, creating a thriving commercial environment. The property's strategic location and the presence of these well-known brands contribute to a high-traffic area, promising significant potential for your business. The available space is ready for immediate occupancy. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $390,000
      6.5%
      $360,000
      7%
      $330,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $655,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8427
    Latitude
    40.889
    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
    $9,914
    $56,430
    $37,170
    $93,600
    -
    $135,000
    $144,000
    $279,000

    Comparable in this City

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      $555,000
      3,481 SF

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      RETAIL STORES (PERSONAL SERVICES) • 3,481 SF
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      View Details
    • Value Estimation
      $780,000
      31,690 SF

      3949 White Plns Rd, Unit 3973

      RETAIL STORES (PERSONAL SERVICES) • 31,690 SF
      3949 White Plns Rd, Bronx, NY 10466-3027
      View Details
    • Value Estimation
      $445,000
      3,442 SF

      4181 Bronxwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,442 SF
      4181 Bronxwood Ave, Bronx, NY 10466
      View Details
    • Value Estimation
      $435,000
      1,500 SF

      1625 233rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      1625 233rd St, Bronx, NY 10466-3324
      View Details
    • Value Estimation
      $645,000
      6,000 SF

      4370-4374 White Plns Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      4370-4374 White Plns Rd, Bronx, NY 10466
      View Details
    • Value Estimation
      $680,000
      5,428 SF

      4001-4005 White Plns Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,428 SF
      4001-4005 White Plns Rd, Bronx, NY 10466
      View Details

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      Turn-Key Bronx Restaurant Opportunity

      Established Kennedy Fried Chicken restaurant for sale in the Bronx.
      1217 E 233Rd St, Bronx, NY 10466
      View Details
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      Bronx Multifamily Investment Opportunity

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      Bronx Retail Strip Center Opportunity

      Prime Bronx location, 1,072 SF available.
      1217 233Rd St, Bronx, NY 10466
      View Details
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    Bronx, NY 10466
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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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