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    Property profile & analytics

    1338-1340 Southern Blvd Bronx, NY 10459

    • Investment properties
    • 6,200 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $2,925,000
    Last Sale
    Nov 08, 2024
    $2,950,000
    Location Intelligence
    Property ID
    US63-3814645
    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

    • Investment properties

    Property Details for 1338-1340 Southern Blvd

    Year built
    1931
    Lot size
    0.17 lot acres
    Property size
    6,200 SF
    Zone code
    R7-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    02980-0025
    APU
    29800025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,055,000
      6.5%
      $3,065,000
      7%
      $3,095,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,735,000
      Geo Method
      $2,800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,110,000
      Retail
      $2,795,000
      Mixed-Use
      $2,955,000
      Hospitality
      $2,915,000
      Educational
      $3,285,000
      Residential Income
      $3,000,000
      Energy
      $3,140,000
      Income-Based Land
      $2,575,000
      Food Service
      $2,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8907
    Latitude
    40.8318
    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
    $49,904
    $152,100
    $321,030
    $473,130
    -
    $338,000
    $709,000
    $1,047,000

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      960 Southern Blvd

      STORE/OFFICE (MIXED USE) • 17,500 SF
      960 Southern Blvd, Bronx, NY 10459-3402
      View Details
    • Value Estimation by Request
      10,480 SF

      995 Southern Blvd

      STORE/OFFICE (MIXED USE) • 10,480 SF
      995 Southern Blvd, Bronx, NY 10459-3401
      View Details
    • Value Estimation by Request
      26,075 SF

      867 Longwood Ave

      STORE/OFFICE (MIXED USE) • 26,075 SF
      867 Longwood Ave, Bronx, NY 10459-4000
      View Details
    • Value Estimation by Request
      16,085 SF

      848 Westchester Ave

      STORE/OFFICE (MIXED USE) • 16,085 SF
      848 Westchester Ave, Bronx, NY 10459
      View Details
    • Value Estimation
      $455,000
      6,000 SF

      1156-1158 Southern Blvd

      STORE/OFFICE (MIXED USE) • 6,000 SF
      1156-1158 Southern Blvd, Bronx, NY 10459
      View Details
    • Value Estimation
      $475,000
      4,500 SF

      1304 Southern Blvd

      STORE/OFFICE (MIXED USE) • 4,500 SF
      1304 Southern Blvd, Bronx, NY 10459-1503
      View Details

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    Similar Nearby for Lease

    • $25 SF/Yr
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      Retail Space in Mixed-Use Building

      Retail space available in new mixed-use building near subway.
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      14,500 SF warehouse featuring multiple drive-in bays.
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      495 SF

      Retail Space Near Subway Station

      Retail space with high foot traffic near 2, 5, 6 trains.
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      1,900 SF

      Prime Bronx Retail Space

      1,900 SF Retail Space - The Bronx
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    • Contact for pricing
      1,000 SF

      Bronx Retail Space for Rent

      Retail space available in the Longwood neighborhood of the Bronx.
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    • Contact for pricing
      7,500 SF

      Prime Bronx Medical Office Space

      7,500 SF Medical Office For Lease
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      View Details
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    Bronx, NY 10459
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    Realmo Value Estimation

    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.

    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.

    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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