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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Retail residential properties
12402 Rockaway Blvd, Jamaica, NY 11420-2517
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5657888
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1941
Total area
3,060 SF
Lot
0.05 ac (2,096 SF)
Zoning code
C8-1
APN
11746-0039
UPID
US63-5657888
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.19M
Owner & transaction history
Vish-jai Realty LLC · 3 yrs held
Vish-jai Realty LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C8-1 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+50.6%
Retail stores
$1.3M
+45.3%
Office building
$1.1M
+25.0%
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
$1,145,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$905,000
Current use
WAREHOUSE, STORAGE
$1,365,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$1,315,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$1,130,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.25M (Oct 4 2022)
Last sale anchor
$1.25M
Oct 4 2022
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
$387 / 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
$25,384
Tax year 2024
Assessed value
$258,300
Assessed 2024
Previous assessed
$220,437
+17.2% YoY
Effective rate
9.83%
On assessed value
Assessed land
$71,100
Assessed improvement
$187,200
Land market value
$158,000
Improvement market value
$416,000
Total market value
$574,000
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
1941
Heating
NONE
Buildings
1
Stories
2
Units
5
Total area
3,060 SF
Lot
0.05 ac (2,096 SF)
Zoning code
C8-1
APN
11746-0039
UPID
US63-5657888
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Jamaica, NY
Zoning C8-1 · permitted uses
C8-1 · 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
$905,000
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1941
Heating
NONE
Stories
2
Buildings
1
Units
5
Lot
0.05 ac
Current owner
From public records · entity-resolved
Vish-jai Realty LLC
Entity
Mailing address
14914 120TH ST, SOUTH OZONE PARK, NY 11420-4015
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
$1,250,000
Vish-jai Realty LLC
124-02 Rockaway Blvd. LLC
Deed
$350,000 · Habib American Bank
Jul 27, 2017
—
124-02 Rockaway Blvd LLC
—
Deed
related
$450,000 · Golden Bridge Funding LLC
Dec 5, 2016
$650,000
124-02 Rockaway Blvd LLC
Retained Realty INC
Grant Deed
—
May 11, 2016
$200,000
Retained Realty INC
Referee Of Queens County|lalji,devendra
Trustees Deed
—
Nov 21, 2011
$20,000
Devendra Lalji
Lalji,devendra
Grant Deed
—
Oct 15, 2008
$40,000
Devendra Lalji
Lalji,devendra
Grant Deed
related
—
Jan 16, 2008
—
Devendra Lalji
—
Trustees Deed
related
$29,000 · 3641 Consulting INC
Feb 14, 2001
$315,000
Devendra Lalji
Sheriff,ikbal
Grant Deed
$281,358 · Wells Fargo Home Mortgage INC
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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