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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Retail residential properties
18301 Horace Harding Expy Fresh Meadows, NY 11365
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3433442
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1940
Total area
3,500 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R3-1
APN
07067-0011
UPID
US63-3433442
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
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.33M
Owner & transaction history
183-01 Realty LLC · 8 yrs held
183-01 Realty LLC
since 2018
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
R3-1 · Fresh Meadows, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.8M
+14.5%
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 Fresh Meadows submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresh Meadows 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
$1,385,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,575,000
Current use
WAREHOUSE, STORAGE
$1,800,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.28M (Mar 13 2020)
Last sale anchor
$1.28M
Mar 13 2020
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
$379 / 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
$38,217
Tax year 2024
Assessed value
$427,500
Assessed 2024
Previous assessed
$326,250
+31.0% YoY
Effective rate
8.94%
On assessed value
Assessed land
$135,000
Assessed improvement
$292,500
Land market value
$300,000
Improvement market value
$650,000
Total market value
$950,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1940
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
3,500 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R3-1
APN
07067-0011
UPID
US63-3433442
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-1 · Fresh Meadows, NY
Zoning R3-1 · permitted uses
R3-1 · Fresh Meadows, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresh Meadows. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
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
1940
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
183-01 Realty LLC
Entity
Mailing address
18210 BOOTH MEMORIAL AVE, FRESH MEADOWS, NY 11365-2239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2018
$1,550,000
183-01 Realty LLC
Morrin,michael
Grant Deed
$600,000 · Michael Morrin
Nov 9, 2017
—
Michael Morrin
Morrin,michael & John
Quit Claim Deed
—
Sep 23, 1998
$320,000
Michael Morrin
Schroeder,gertrude
Grant Deed
$240,000 · Seller
—
—
Ap Wireless Investments I LLC
—
Deed Of Trust
related
$468,000 · Deutsche Bk Tr Co Americas
—
—
Washington Mutual Bk
—
Deed Of Trust
related
$1,000,000 · John Morrin
—
—
John Morrin
—
Deed Of Trust
related
$76,356 · Greenpoint Mortgage Funding
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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