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Property profile & analytics
OFF-MARKET
Estimated value
$8,195,000
Industrial properties
1802 131st St Flushing, NY 11356-2430
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6132706
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Total area
19,350 SF
Lot
0.46 ac (20,000 SF)
Zoning code
M1-1
APN
04136-0022
UPID
US63-6132706
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$8.20M
Owner & transaction history
Grand Pine Tree Ny LLC · 4 yrs held
Grand Pine Tree Ny LLC
since 2021
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
M1-1 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.2M
+47.9%
Warehouse, storage
$10.0M
+11.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flushing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flushing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,195,000
ML approach
$7,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,910,000
Current use
OFFICE BUILDING
$13,170,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,960,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$8.20M
Range $7.38M – $9.01M · ±10% · vs last sale $8.40M (Sep 15 2021)
Last sale anchor
$8.40M
Sep 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$424 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$73,117
Tax year 2024
Assessed value
$690,300
Assessed 2024
Previous assessed
$667,800
+3.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$211,500
Assessed improvement
$478,800
Land market value
$470,000
Improvement market value
$1,064,000
Total market value
$1,534,000
Applied tax rate
4.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
1
Stories
1
Units
5
Total area
19,350 SF
Lot
0.46 ac (20,000 SF)
Zoning code
M1-1
APN
04136-0022
UPID
US63-6132706
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Flushing, NYZoning M1-1 · permitted uses
M1-1 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.9M
OFFICE BUILDING
Est. value
$13.2M
WAREHOUSE, STORAGE
Est. value
$10.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
1
Buildings
1
Units
5
Lot
0.46 ac
Current owner
From public records · entity-resolved
Grand Pine Tree Ny LLC
Entity
Mailing address
1802 131ST ST, COLLEGE POINT, NY 11356-2430
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$8,400,000
Grand Pine Tree Ny LLC
E & H Realty Management Corp.
Deed
$6,300,000 · Flushing Bank
Oct 30, 2018
—
E & H Realty Management Corp
—
Deed
related
$200,000 · Newbank
Feb 27, 2006
$4,000,000
E & H Realty Management Corp
Pegno,audrey D
Grant Deed
$3,250,000 · Nara Bank
—
—
E & H Realty Management Corp
—
Deed Of Trust
related
$200,000 · Newbank
—
—
E & H Realty Management Corp
—
Loan Modification
related
$3,550,000 · New Bk
—
—
Newbank
—
Deed Of Trust
related
$4,200,000 · E&h Realty Mgmt Corp
—
—
E & H Realty Management Corp
—
Deed Of Trust
related
$1,093,742 · Newbank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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