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Property profile & analytics
OFF-MARKET
Estimated value
$56,080,000
Office Spaces
13002 Conduit Ave U2, Jamaica, NY 11430-1503
Individually Owned
2-yr Hold
Free & Clear
Property ID
US63-0974932
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2021
Total area
166,733 SF
Lot
2.73 ac (118,875 SF)
Zoning code
M1-2
APN
11884-1002
UPID
US63-0974932
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$53.68M
Blend (final)
Blend
$56.08M
Owner & transaction history
Ppf Ss 130-02 South Conduit Avenue, · 2 yrs held
Ppf Ss 130-02 South Conduit Avenue,
since 2023
Last sale
$57.1M
1 recorded transaction
Zoning & alternative use
M1-2 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$80.0M
+29.7%
Warehouse, storage
$74.3M
+20.5%
Retail stores
$71.8M
+16.3%
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
$56,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$61,685,000
Current use
INDUSTRIAL (GENERAL)
$79,995,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$74,325,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$71,750,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$51,960,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$56.08M
Range $50.47M – $61.69M · ±10% · vs last sale $57.10M (Sep 12 2023)
Last sale anchor
$57.10M
Sep 12 2023
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
$336 / 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
$1,142,349
Tax year 2024
Assessed value
$10,785,015
Assessed 2024
Previous assessed
$10,646,980
+1.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,764,297
Assessed improvement
$9,020,718
Land market value
$3,920,661
Improvement market value
$20,046,040
Total market value
$23,966,701
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2021
Buildings
1
Stories
5
Units
1
Total area
166,733 SF
Lot
2.73 ac (118,875 SF)
Zoning code
M1-2
APN
11884-1002
UPID
US63-0974932
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Jamaica, NY
Zoning M1-2 · permitted uses
M1-2 · 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
OFFICE BUILDING Current
Est. value
$61.7M
INDUSTRIAL (GENERAL)
Est. value
$80.0M
WAREHOUSE, STORAGE
Est. value
$74.3M
RETAIL STORES
Est. value
$71.8M
COMMERCIAL (GENERAL)
Est. value
$52.0M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2021
Stories
5
Buildings
1
Units
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Ppf Ss 130-02 South Conduit Avenue,
Individual
Free & Clear · 2 yrs held
Mailing address
1522 OLD COUNTRY RD, PLAINVIEW, NY 11803-5007
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$57,100,000
Ppf Ss 130-02 South Conduit Avenue,
South Conduit Property Owner LLC
Deed
—
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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