Entity Owned Property summary
AI-generated overview
The property at 160-40 78th Rd, Fresh Meadows, NY 11366 contains approximately 1,700 square feet of elevator-served office space. It is located one block from Union Turnpike and is situated within a residential neighborhood. The space is configured to be easily divisible and can be customized to support medical, dental, therapy, or professional office use. The property is zoned R3-2 and sits on a lot size of 0.0918 acres.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1930
Total area
4,105 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R3-2
APN
06841-0023
UPID
US63-3775651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$400k
Owner & transaction history
since 2012
2 recorded transactions
Zoning & alternative use
R3-2 · Flushing, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$400k
Value range
$360k – $440k
±10% around blend
Estimated value / SF
$97 / SF
Confidence
Property data
100
Comparable evidence
60
$360k
blend $400k
$440k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,105 SF
Lot area
0.09 ac
Year built
1930
Stories
2
APN
06841-0023
Zoning
R3-2
Assessed value
$315,900
Annual tax
$32,097
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$400k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$316k
Move the market yield to see immediate price impact.
Value / SF
$77
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$398k
$284k
$221k
$22k
$442k
$316k
$246k
$24k
$486k
$347k
$270k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$32,097
Tax year 2024
Assessed value
$315,900
Assessed 2024
Previous assessed
$303,840
+4.0% YoY
Effective rate
10.16%
On assessed value
Assessed land
$69,750
Assessed improvement
$246,150
Land market value
$155,000
Improvement market value
$547,000
Total market value
$702,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
4,105 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R3-2
APN
06841-0023
UPID
US63-3775651
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Flushing, NYZoning R3-2 · permitted uses
R3-2 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3-2
Jurisdiction
Flushing, NY
Recorded code
R3-2
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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