Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1791 Merrill St Bronx, NY 10460

    • Auto shops
    • 425 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3994010
    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

    • Auto shops

    Property Details for 1791 Merrill St

    Year built
    1930
    Lot size
    0.06 lot acres
    Property size
    425 SF
    Zone code
    R5
    Property type
    Auto shops
    APN
    03916-0040
    APU
    39160040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8677
    Latitude
    40.8369
    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
    $2,955
    $18,990
    $8,910
    $27,900
    -
    $39,000
    $30,000
    $69,000

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      1976 Daly Ave

      AUTO REPAIR, GARAGE • 0.04 Acres
      1976 Daly Ave, Bronx, NY 10460-2804
      View Details
    • Value Estimation by Request
      0.07 Acres

      1546 Minford Pl

      AUTO REPAIR, GARAGE • 0.07 Acres
      1546 Minford Pl, Bronx, NY 10460-5706
      View Details
    • Value Estimation by Request
      0.03 Acres

      1455 Boston Rd

      AUTO REPAIR, GARAGE • 0.03 Acres
      1455 Boston Rd, Bronx, NY 10460-4901
      View Details
    • Value Estimation by Request
      0.11 Acres

      176th St

      AUTO REPAIR, GARAGE • 0.11 Acres
      176th St, Bronx, NY 10460
      View Details
    • Value Estimation by Request
      1,527 SF

      1280 Tremont Ave

      AUTO REPAIR, GARAGE • 1,527 SF
      1280 Tremont Ave, Bronx, NY 10460-3007
      View Details
    • Value Estimation by Request
      1,080 SF

      1800 Tremont Ave

      AUTO REPAIR, GARAGE • 1,080 SF
      1800 Tremont Ave, Bronx, NY 10460-3139
      View Details

    Similar Nearby for Sale

    • $4,200,000

      Bronx Mixed-Use Investment Property

      Mixed-use property with residential and retail in the Bronx.
      804 E 178Th St, Bronx, NY 10460
      View Details
    • Contact for pricing
      4,250 SF

      Mixed-Use Commercial Building For Sale

      Two-story commercial building with retail, office, and storage spaces.
      788 E Tremont Ave, Bronx, NY 10460
      View Details
    • $110,000
      0.06 Acres

      Bronx Land Development Opportunity

      Land for residential development in the Van Nest section of Bronx.
      Bronx River Ave, Bronx, NY 10460
      View Details
    • $995,000
      0.04 Acres

      Bronx Multifamily Investment Opportunity

      Multifamily property in the Bronx with multiple units.
      1819 Waterloo Pl, Bronx, NY 10460
      View Details
    • $995,000
      3,664 SF

      Bronx Duplex with Finished Basement

      Legal two-family house with finished basement near transportation and amenities.
      1893 Longfellow Ave, Bronx, NY 10460
      View Details
    • $1,100,000
      Pending

      Parkchester Multifamily Investment Opportunity

      Four-unit building in the Bronx, ideal for investors.
      1429 Leland Ave, Bronx, NY 10460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Former Medical Space For Rent

      4,000 SF retail space near Bronx Zoo.
      1926 Crotona Pkwy, Bronx, NY 10460
      View Details
    • $468 /Mo
      4,000 SF

      900 E TREMONT

      Retail properties & Spaces
      900 Tremont Ave, The Bronx, NY 10460
      View Details
    • Contact for pricing
      2,058 SF

      Bronx Retail Space Available

      2,058 SF retail space for rent in Bronx, NY.
      895 Fairmount Pl, Bronx, NY 10460
      View Details
    • Contact for pricing
      23,000 SF

      Prime Bronx Medical Office Space

      23,000 SF Medical Office Available
      2095 Southern Blvd, The Bronx, NY 10460
      View Details
    • Contact for pricing
      5,660 SF

      Prime Bronx Retail Space

      5,660 SF Retail, High Visibility
      961 174Th St, The Bronx, NY 10460
      View Details
    • Contact for pricing
      4,250 SF

      East Tremont Avenue Retail Space

      Retail, medical, restaurant, and education uses are all considered.
      773-775 E Tremont Ave, Bronx, NY 10460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1791 Merrill St
    Bronx, NY 10460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!