Entity Owned Property summary
AI-generated overview
This stunning, newly renovated 2,400 square foot showroom/creative office space is located at 124 30th Street in Brooklyn, NY, 11232, across from Industry City. The property, built in 1910 and extensively renovated in 2024, boasts a unique blend of historical charm and modern functionality. The building is a two-story structure with multiple tenants and features a desirable open layout, easily adaptable to various business needs. The space includes a roll-up gate and a new storefront, providing excellent accessibility and visibility. A significant advantage is the expansive 700 square foot backyard, perfect for showcasing products or creating an outdoor workspace. The M1-2 zoning allows for a variety of uses. Its convenient location near the Brooklyn Design HUB, the BQE, and the 25th and 36th Street subway lines ensures easy access for clients and employees, with ample parking options nearby. The total building size is 3,014 square feet. This property presents a rare opportunity to secure a high-impact space in a thriving Brooklyn submarket.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1910
Total area
3,014 SF
Lot
0.06 ac (2,504 SF)
Zoning code
M12D
APN
00672-0012
UPID
US63-5984511
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$825k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
since 2021
Last sale
$962,500
7 recorded transactions
Zoning & alternative use
M12D · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.07M
Value range
$959k – $1.17M
±10% around blend
Estimated value / SF
$353 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
90
$959k
blend $1.07M
$1.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,014 SF
Lot area
0.06 ac
Year built
1910
Stories
2
APN
00672-0012
Zoning
M12D
Assessed value
$144,450
Annual tax
$15,214
3
Income approach: direct capitalization
Partial preview
Income approach indication
$825k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$895k
@ 6.5% CAP return
$825k
@ 7% CAP return
$765k
4
Sales comparison
Partial preview
Sales approach indication
$1.24M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 3,800 SF
12.2 mi away · 3,812 SF
14.1 mi away · 2,616 SF
15.0 mi away · 3,000 SF
17.1 mi away · 3,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 170 sales
$568
-38%
County 170 sales
$568
-38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $353/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$67k *
Last sale · Dec 2021
$963k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.35M
Move the market yield to see immediate price impact.
Value / SF
$447
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$61k
$1.35M
$1.21M
$1.10M
$67k
$1.50M
$1.35M
$1.23M
$74k
$1.65M
$1.48M
$1.35M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$204k
2.2 mi · Feb 2026 · $55/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,214
Tax year 2024
Assessed value
$144,450
Assessed 2024
Previous assessed
$153,450
-5.9% YoY
Effective rate
10.53%
On assessed value
Assessed land
$45,000
Assessed improvement
$99,450
Land market value
$100,000
Improvement market value
$221,000
Total market value
$321,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
3,014 SF
Lot
0.06 ac (2,504 SF)
Zoning code
M12D
APN
00672-0012
UPID
US63-5984511
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12D · Brooklyn, NYZoning M12D · permitted uses
M12D · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M12D
Jurisdiction
Brooklyn, NY
Recorded code
M12D
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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