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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Retail space
1245 Southern Blvd Bronx, NY 10459-1903
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0929723
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Total area
2,800 SF
Lot
0.06 ac (2,811 SF)
Zoning code
R7-1
APN
02975-0024
UPID
US63-0929723
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
-
Infinity Dermatology-Southern Boulevard Physician Medical Clinic
-
PAYOMATIC Check Cashing
-
Charles Taylor Dental Office
-
Western Union Bank Credit Union
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.49M
Owner & transaction history
1245 S LLC · 1 yrs held
1245 S LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+22.6%
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 Bronx submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bronx 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%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,660,000
Current use
AUTO REPAIR, GARAGE
$2,040,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.35M (Mar 10 2025)
Last sale anchor
$1.35M
Mar 10 2025
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
$532 / 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
$22,602
Tax year 2024
Assessed value
$213,390
Assessed 2024
Previous assessed
$205,930
+3.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$58,050
Assessed improvement
$155,340
Land market value
$129,000
Improvement market value
$365,000
Total market value
$494,000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
2,800 SF
Lot
0.06 ac (2,811 SF)
Zoning code
R7-1
APN
02975-0024
UPID
US63-0929723
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bronx. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1931
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
1245 S LLC
Entity
Mailing address
9777 QUEENS BLVD STE #620, REGO PARK, NY 11374-3334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
$1,350,000
1245 S LLC
Baisley Blvd. Holdings LLC
Deed
$499,000 · Brick X Capital LLC
Aug 24, 2023
$1,260,000
Baisley Blvd. Holdings LLC
Global Asset Properties LLC
Deed
—
Dec 3, 2019
$19,900,000
Global Asset Properties LLC
Pom Realty Holdings INC
Grant Deed
related
$250,000 · Flushing Bk
Dec 3, 2019
—
Global Asset Properties LLC
—
Deed
related
$650,000 · Flushing Bk
Mar 12, 2018
—
Pom Realty Holdings INC
—
Loan Modification
related
$7,878,125 · Pay-o-matic Corp
May 25, 2016
—
Pom Realty Holdings INC
—
Deed
related
$10,000,000 · Mb Fin'l Bk
Jan 28, 2008
—
Pom Realty Holdings INC
—
Deed Of Trust
related
$7,878,125 · North Fork Bank
Jan 25, 2008
—
Pom Realty Holdings INC
J & M Peppe Realty Corp
Grant Deed
related
—
—
—
Global Asset Properties LLC
—
Loan Modification
related
$650,000 · Flushing Bk
—
—
Pom Realty Holdings INC
—
Deed Of Trust
related
$10,000,000 · Mb Fin'l Bk
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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