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    1755 Richmond Rd Staten Island, NY 10306
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    Property profile & analytics

    1755 Richmond Rd Staten Island, NY 10306

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    • Retail space
    • 4,982 SF
    • 0.31 lot acres
    For Sale
    $120,000
    View Listing →
    Established Restaurant Business For Sale For Sale
    $120,000
    1,000 SF

    Established Restaurant Business For Sale

    Turn-key Turkish restaurant with loyal customer base and growth potential.

    1755 Richmond Road, Staten Island, NY 10306
    View Listing
    Property ID
    US63-3218404
    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.
    Value Estimations
    Cap Rate Potential
    5.5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • New Garden / Restaurant
    • Richmond Family Eye Care: Lev Mazniker OD, Danielle Riili OD / Physician
    • Dedem Mediterranean & Turkish Cuisine / Restaurant
    • Noor Ninety Nine Center Convenience / Grocery & Convenience Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1755 Richmond Rd

    Year built
    1985
    Lot size
    0.31 lot acres
    Property size
    4,982 SF
    Zone code
    R1-2
    Property type
    Retail space
    APN
    00887-0028
    APU
    8870028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,955,000
      ML approach
      $1,970,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,785,000
      6.5%
      $1,650,000
      7%
      $1,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,800,000
      Market price range: $1.07M - $2.42M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,655,000
      Current use
      AUTO REPAIR, GARAGE
      $1,750,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $1,490,000
      Change: -10% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,445,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1038
    Latitude
    40.5875
    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
    $41,973
    $183,600
    $212,670
    $396,270
    -
    $408,000
    $522,000
    $930,000

    Comparable in this City

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      View Details
    • Value Estimation by Request
      1,061 SF

      3475 Richmond Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,061 SF
      3475 Richmond Rd, Staten Island, NY 10306-1427
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    • Value Estimation by Request
      1,235 SF

      2220 Hylan Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,235 SF
      2220 Hylan Blvd, Staten Island, NY 10306-3227
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    • Value Estimation by Request
      1,720 SF

      608 Midland Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,720 SF
      608 Midland Ave, Staten Island, NY 10306-5926
      View Details
    • Value Estimation by Request
      1,500 SF

      616 Midland Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      616 Midland Ave, Staten Island, NY 10306-6017
      View Details
    • Value Estimation by Request
      1,485 SF

      55-57 New Dorp N

      RETAIL STORES (PERSONAL SERVICES) • 1,485 SF
      55-57 New Dorp N, Staten Island, NY 10306
      View Details

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      Staten Island Nail Salon

      Busy nail salon for sale on Staten Island.
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    Similar Nearby for Lease

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      1,291 SF

      Retail Space in Open-Air Center

      Retail space available in a dynamic, grocery-anchored open-air center.
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      View Details
    • $97,000

      Buildable Lot in Oakwood

      Vacant land in Staten Island's Oakwood neighborhood.
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    • Contact for pricing

      Office Space Near Transportation

      Office space for rent, close to train and bus.
      2375 Richmond Rd, Staten Island, NY 10306
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      Medical Office Space For Lease

      2000 SF medical office space available for lease.
      2691 Hylan Blvd, Staten Island, NY 10306
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Spacious medical office with parking in New Dorp.
      225 3Rd St, Staten Island, NY 10306
      View Details
    • $1.00 SF/Yr

      Renovated 3-Bed Apartment

      Renovated 3-bed apartment in a convenient, quiet neighborhood.
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      View Details
    View Listing
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    Staten Island, NY 10306
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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.

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