Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

1615 Palmetto St Flushing, NY 11385

OFF-MARKET
Retail space
Property ID
US63-3625043
550 SF 0.01 ac lot Built 1971
Last sale Feb 2026 · $370,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a ground-floor retail space totaling approximately 591 square feet. It is situated along a bus route and on a walkable commercial block, with frontage that supports pedestrian activity. The space is configured for retail use and can accommodate either an owner-user or an investor based on its suitability for businesses serving regular foot traffic in a developed retail area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$42k
Assessed land$9k
Assessed improvement$33k
Effective rate9.94%

Value estimate

· Nov 2026
$255k
$230k – $281k
AI approach$255k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$741/SF
Submarket average, outlier-cleaned · 185 recorded sales of this use type
Observed band · Q1–Q3$448 – $1,322
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C4-3
This district comprise the City major and secondary shopping and business centers, which provide for shopping needs and services over a w...
General categoryCOMMERCIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm118.5
Realty agency74.2
Parking Facility39.4

Location

1615 Palmetto St Flushing, NY 11385-2729
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6918 Myrtle, Ridgewood, NY 11385 $1,950,000 Nov 2025 3,870 SF
5416 Myrtle, Flushing, NY 11385-3453 $37,000,000 Aug 2025 3,500 SF
5926 Bleecker, Flushing, NY 11385-2099 $110,000 May 2025 685 SF
8881 76th, Ridgewood, NY 11385 $4,340,000 Apr 2024 4,345 SF
5715 Myrtle, Flushing, NY 11385 $1,250,000 Jun 2022 2,200 SF
5713 Myrtle, Flushing, NY 11385 $2,500,000 May 2022 2,781 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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