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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Grocery and convenience stores
129 Lk Ave Yonkers, NY 10703-2709
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-3050826
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Total area
4,000 SF
Lot
0.18 ac (7,841 SF)
Zoning code
B
APN
551800 2.-2440-60
UPID
US63-3050826
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
-
Coinstar Bank Credit Union
-
LibertyX Bitcoin ATM Atm
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
ATM Atm
-
Foodtown of Lake Avenue Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$740k
Owner & transaction history
Lake Avenue Realty Group LLC · 15 yrs held
Lake Avenue Realty Group LLC
since 2010
3 recorded transactions
Zoning & alternative use
B · Yonkers, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$900,000
+77.8%
Commercial (general)
$565,000
+11.4%
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 Yonkers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yonkers 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
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$505,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$475,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$185 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$34,782
Tax year 2020
Assessed value
$34,000
Assessed 2023
Previous assessed
$34,000
+0.0% YoY
Effective rate
102.30%
On assessed value
Assessed land
$7,600
Assessed improvement
$26,400
Land market value
$424,581
Improvement market value
$1,474,860
Total market value
$1,899,441
Applied tax rate
551,800.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
1
Stories
1
Total area
4,000 SF
Lot
0.18 ac (7,841 SF)
Zoning code
B
APN
551800 2.-2440-60
UPID
US63-3050826
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Yonkers, NY
Zoning B · permitted uses
B · Yonkers, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yonkers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$565,000
OFFICE BUILDING
Est. value
$475,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1965
Heating
NONE
Stories
1
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Lake Avenue Realty Group LLC
Entity
Free & Clear · 15 yrs held
Mailing address
129 LK AVE, YONKERS, NY 10703-2709
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2010
$850,000
Lake Avenue Realty Group LLC
Morley,michael & Ellen M
Grant Deed
—
Nov 23, 2010
$1,150,000
Lake Avenue Realty Group LLC
Joal Lake LLC
Grant Deed
related
$863,400 · Empire St Certified Dev
—
—
Lake Avenue Realty Group LLC
—
Deed Of Trust
related
$739,665 · Carver Fsb
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.
Try Rey
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