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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1267 Frst Ave Staten Island, NY 10302-2311

    • Super regional malls
    • 27,663 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0957865
    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

    • Silicone Bong / Store
    • Verizon / Telephone Company / Cell Phone Store
    • SkyCare Rx Pharmacy / Pharmacy / Gift Shop
    • Nail It Up / Nail Salon
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1267 Frst Ave

    Year built
    1989
    Lot size
    0.87 lot acres
    Property size
    27,663 SF
    Zone code
    R3-2
    Property type
    Super regional malls
    APN
    01042-0001
    APU
    10420001

    Description

    This exceptional 800-square-foot executive office space is available for lease in a vibrant Staten Island shopping center. Located at 1267 Forest Avenue, this second-floor unit boasts a recent renovation, presenting a turnkey opportunity for immediate occupancy. The space features floor-to-ceiling windows, providing ample natural light, and a thoughtful layout including a small reception/waiting area, three partitioned rooms, and a private office. Its versatility makes it ideal for a variety of uses, from professional offices to retail businesses such as spas or beauty salons. The property benefits from prominent pylon signage facing Forest Avenue, ensuring high visibility. Ample parking is available with over 45 spaces for tenants and customers. The strategic location offers convenient access to major transportation arteries, including the Bayonne and Goethals Bridges, and the Staten Island Expressway. Furthermore, a Forest Avenue express bus stop is directly in front of the shopping center, enhancing accessibility for employees and clients. This single-tenant space in Richmond County, New York (zip code 10302) presents a rare opportunity to establish a thriving business in a high-traffic area. The property is classified as retail and office, with a commercial subtype and is situated in a busy shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $396,000
      Market price range: $293k - $1.15M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $660,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1318
    Latitude
    40.6266
    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
    $165,709
    $769,500
    $794,970
    $1,564,470
    -
    $1,710,000
    $1,985,000
    $3,695,000

    Comparable in this City

    • Value Estimation
      $335,000
      8,300 SF

      1407 Frst Ave, Unit 1431

      REGIONAL SHOPPING CENTER, MALL • 8,300 SF
      1407 Frst Ave, Staten Island, NY 10302-2203
      View Details
    • Value Estimation
      $325,000
      19,200 SF

      1440 Frst Ave, Unit 1460

      REGIONAL SHOPPING CENTER, MALL • 19,200 SF
      1440 Frst Ave, Staten Island, NY 10302-2215
      View Details
    • Value Estimation
      $360,000
      7,650 SF

      1640 Frst Ave

      REGIONAL SHOPPING CENTER, MALL • 7,650 SF
      1640 Frst Ave, Staten Island, NY 10302-2232
      View Details
    • Value Estimation
      $975,000
      245,118 SF

      1489 Frst Ave

      REGIONAL SHOPPING CENTER, MALL • 245,118 SF
      1489 Frst Ave, Staten Island, NY 10302-2226
      View Details
    • Value Estimation
      $525,000
      108,283 SF

      1351 Frst Ave

      REGIONAL SHOPPING CENTER, MALL • 108,283 SF
      1351 Frst Ave, Staten Island, NY 10302-2049
      View Details
    • Value Estimation
      $500,000
      15,000 SF

      1399 Frst Ave

      REGIONAL SHOPPING CENTER, MALL • 15,000 SF
      1399 Frst Ave, Staten Island, NY 10302-2001
      View Details

    Similar Nearby for Sale

    • $9,950,000
      27,663 SF

      Staten Island Shopping Center For Sale

      Fully occupied shopping center in Staten Island's Elm Park.
      1267 Forest Ave, Staten Island, NY 10302
      View Details
    • $3,999,000
      5,978 SF

      Prime Forest Avenue Commercial Opportunity

      Five-unit commercial property on Forest Avenue with high visibility.
      1686 Forest Ave, Staten Island, NY 10302
      View Details
    • $325,000
      2,000 SF

      Established Deli/Grocery in Port Richmond

      Profitable deli/grocery business for sale in a prime location.
      192 Port Richmond Ave, Staten Island, NY 10302
      View Details
    • $120,000
      1,400 SF

      Turnkey Restaurant Business Opportunity

      Established restaurant business for sale in prime Staten Island location.
      Withheld Withheld Ave, Staten Island, NY 10302
      View Details
    • $200,000
      600 SF

      Turnkey Restaurant Opportunity on Staten Island

      Profitable restaurant for sale in prime location with loyal customers.
      1368 Forest Ave, Staten Island, NY 10302
      View Details
    • $1,999,900
      Pending

      Mixed-Use Property in Westerleigh

      Prime mixed-use property in Staten Island's active commercial corridor.
      1288 Forest Ave, Staten Island, NY 10302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      980 SF

      Staten Island Retail Space Available

      Retail space available in Staten Island shopping center.
      1495-1553 Forest Ave, Staten Island, NY 10302
      View Details
    • $8,800 /Mo
      3,200 SF

      Retail Space on Forest Avenue

      3200 SF retail space in busy Staten Island strip center.
      1367 Forest Ave, Staten Island, NY 10302
      View Details
    • $35 SF/Yr
      1,200 SF

      Port Richmond Ave Retail Space

      Prime Retail Space, High Traffic Area
      273 Port Richmond Ave, Staten Island, NY 10302
      View Details
    • $4,700 /Mo
      861 SF

      Staten Island Retail Space Available

      861 sq ft commercial space in prime location.
      1686 Forest Ave, Staten Island, NY 10302
      View Details
    • $192 SF/Yr
      53,000 SF

      Staten Island Industrial Flex Space

      53,000 SF Flex Space - 21,500 SF Available
      1961 Richmond Ter, Staten Island, NY 10302
      View Details
    • $12,000 /Mo
      7,500 SF

      Staten Island Commercial Building For Rent

      7,500 SF commercial building suitable for manufacturing, retail, or office.
      1944-1952 Richmond Ter, Staten Island, NY 10302
      View Details
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    1267 Frst Ave
    Staten Island, NY 10302-2311
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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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