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    Property profile & analytics

    1341 Blondell Ave The Bronx, NY 10461

    • Auto shops
    • 6,600 SF
    • 0.15 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3144972
    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

    • A & A Auto Body Inc. / Auto Body Shop

    Property Details for 1341 Blondell Ave

    Year built
    1949
    Lot size
    0.15 lot acres
    Property size
    6,600 SF
    Zone code
    M1-1
    Property type
    Auto shops
    APN
    04072-0019
    APU
    40720019

    Description

    This 6,600-square-foot warehouse in the Bronx, New York (zip code 10461), presents a compelling investment opportunity. Situated on a 6,600-square-foot lot (APN 4072-19), this one-story building boasts dimensions of 75 feet by 88 feet. The property features a Certificate of Occupancy for auto repair (Use Group 16-17), making it immediately suitable for this purpose. The interior is naturally divided into two spaces: a 4,000-square-foot area and a 2,600-square-foot area, offering flexibility for various operational needs. Ceiling heights range from 14 to 17 feet, providing ample vertical space. The property includes a legally installed spray booth, adding significant value for auto repair businesses. Utilities include oil heat and robust 400-amp, three-phase electrical service. The annual real estate taxes are $36,170. The property is zoned M1-1. This warehouse is ready for immediate occupancy and presents a strong return on investment. Its location in the Bronx offers convenient access to major transportation routes and a thriving local market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8424
    Latitude
    40.8418
    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
    $34,318
    $54,000
    $283,590
    $337,590
    -
    $120,000
    $600,000
    $720,000

    Comparable in this City

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      $330,000
      0.11 Acres

      St Raymond Ave

      AUTO REPAIR, GARAGE • 0.11 Acres
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    • Value Estimation
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      1260 Waters Pl

      AUTO REPAIR, GARAGE • 407,619 SF
      1260 Waters Pl, Bronx, NY 10461-2765
      View Details
    • Value Estimation
      $325,000
      3,125 SF

      1615 Mcdonald St

      AUTO REPAIR, GARAGE • 3,125 SF
      1615 Mcdonald St, Bronx, NY 10461-2312
      View Details
    • Value Estimation
      $335,000
      3,250 SF

      1501 Bassett Ave

      AUTO REPAIR, GARAGE • 3,250 SF
      1501 Bassett Ave, Bronx, NY 10461-2305
      View Details
    • Value Estimation by Request
      1,650 SF

      2583 Poplar St

      AUTO REPAIR, GARAGE • 1,650 SF
      2583 Poplar St, Bronx, NY 10461-2401
      View Details
    • Value Estimation
      $2,450,000
      1,568 SF

      1404 Blondell Ave

      AUTO REPAIR, GARAGE • 1,568 SF
      1404 Blondell Ave, Bronx, NY 10461-2623
      View Details

    Similar Nearby for Sale

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      Bronx Auto Repair Shop

      6,600 SF auto repair shop with legal spray booth.
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    Similar Nearby for Lease

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      Retail/Office Space on Williamsbridge Road

      Retail/office space with parking on bustling Williamsbridge Road.
      1937 Williamsbridge Rd, Bronx, NY 10461
      View Details
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    1341 Blondell Ave
    The Bronx, NY 10461
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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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