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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Investment properties
12619 Jamaica Ave Jamaica, NY 11418-2626
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1010323
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
2,880 SF
Lot
0.04 ac (1,830 SF)
Zoning code
R6A
APN
09280-0030
UPID
US63-1010323
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
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$986k
Blend (final)
Blend
$995k
Owner & transaction history
127 Realty LLC · 1 yrs held
127 Realty LLC
since 2024
Last sale
$995,000
7 recorded transactions
Zoning & alternative use
R6A · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+70.0%
Retail stores
$1.2M
+64.1%
Office building
$1.1M
+41.1%
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
$995,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Current use
WAREHOUSE, STORAGE
$1,285,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$1,065,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $995k (Oct 22 2024)
Last sale anchor
$995k
Oct 22 2024
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
$345 / 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
$9,697
Tax year 2024
Assessed value
$241,920
Assessed 2024
Previous assessed
$241,920
+0.0% YoY
Effective rate
4.01%
On assessed value
Assessed land
$75,150
Assessed improvement
$166,770
Land market value
$167,000
Improvement market value
$370,600
Total market value
$537,600
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
5
Total area
2,880 SF
Lot
0.04 ac (1,830 SF)
Zoning code
R6A
APN
09280-0030
UPID
US63-1010323
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Jamaica, NY
Zoning R6A · permitted uses
R6A · 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
$755,000
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
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
1931
Heating
NONE
Stories
2
Buildings
1
Units
5
Lot
0.04 ac
Current owner
From public records · entity-resolved
127 Realty LLC
Entity
Mailing address
12619 JAMAICA AVE, RICHMOND HILL, NY 11418-2626
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$995,000
127 Realty LLC
Alvaro Perez
Deed
$499,000 · Flushing Bank
Apr 6, 2022
—
Alvaro Perez
126-19 Jamaica Ave LLC
Deed
$600,000 · Velocity Commercial Capital, LLC
Dec 5, 2019
—
126-19 Jamaica Ave LLC
Oscar A Perez
Grant Deed
$450,000 · Oqwemanco Mtg Holding Corp
Jul 3, 2019
—
Oscar A Perez
Perez,oscar A & Elvia
Quit Claim Deed
related
—
Aug 25, 2009
—
Oscar A Perez
Perez,oscar A & Elvia
Quit Claim Deed
related
—
—
—
Oscar A Perez
—
Deed Of Trust
related
$335,000 · Flushing Savings Bank
—
—
Oscar A Perez
—
Deed Of Trust
related
$150,071 · American General Finance INC
—
—
Oscar A Perez
—
Deed Of Trust
related
$280,000 · J P Morgan Chase Bank
—
—
Oscar A Perez
—
Deed Of Trust
related
$205,000 · J P Morgan Chase Bank
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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