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Property profile & analytics
OFF-MARKET
Estimated value
$5,630,000
Investment properties
12708 Merrick Blvd Jamaica, NY 11434-3432
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3372549
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1967
Total area
32,632 SF
Lot
0.78 ac (34,100 SF)
Zoning code
R5D
APN
12528-0105
UPID
US63-3372549
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
-
Aspro Mechanical Contracting General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.46M
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$5.63M
Owner & transaction history
Mva Enterprises LLC · 4 yrs held
Mva Enterprises LLC
since 2022
7 recorded transactions
Zoning & alternative use
R5D · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,000,000
6.5%
$6,460,000
7%
$6,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,005,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,920,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$5.63M
Range $5.07M – $6.19M · ±10%
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
$173 / 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
$152,992
Tax year 2024
Assessed value
$2,976,300
Assessed 2024
Previous assessed
$1,576,170
+88.8% YoY
Effective rate
5.14%
On assessed value
Assessed land
$757,800
Assessed improvement
$2,218,500
Land market value
$1,684,000
Improvement market value
$4,930,000
Total market value
$6,614,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1967
Heating
NONE
Buildings
2
Stories
2
Units
3
Total area
32,632 SF
Lot
0.78 ac (34,100 SF)
Zoning code
R5D
APN
12528-0105
UPID
US63-3372549
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Jamaica, NY
Zoning R5D · permitted uses
R5D · 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
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
NONE
Stories
2
Buildings
2
Units
3
Lot
0.78 ac
Current owner
From public records · entity-resolved
Mva Enterprises LLC
Entity
Mailing address
165 EE DR, N MASSAPEQUA, NY 11758-1609
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 23, 2022
—
Mva Enterprises LLC
—
Deed
related
$3,120,000 · Bankunited, NA
Dec 2, 2016
—
Mva Ents LLC
—
Deed
related
$4,100,000 · Bankunited Fsb
—
—
Mva Ents LLC
—
Deed Of Trust
related
$27,943 · Hudson Valley Bank
—
—
Mva Ents LLC
—
Deed Of Trust
related
$2,900,000 · Hudson Valley Bank
—
—
Mva Ents LLC
—
Deed Of Trust
related
$4,600,000 · Hudson Valley Bank
—
—
Mva Ents LLC
—
Loan Modification, Consolidation And Extension
related
$4,100,000 · Bankunited Fsb
—
—
Mva Ent LLC
—
Deed Of Trust
related
$1,919,751 · North Fork Bank
—
—
Mva Ents LLC
—
Deed Of Trust
related
$700,000 · North Fork 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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