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Property profile & analytics
OFF-MARKET
Warehouses
18402 Jamaica Ave, Jamaica, NY 11423-2404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-5987659
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
28,116 SF
Lot
0.67 ac (29,280 SF)
Zoning code
M1-2
APN
10352-0066
UPID
US63-5987659
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Smartco Properties, L.p. · 5 yrs held
Smartco Properties, L.p.
since 2021
Last sale
$86.4M
7 recorded transactions
Zoning & alternative use
M1-2 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$75,624
Tax year 2024
Assessed value
$1,623,150
Assessed 2024
Previous assessed
$1,516,410
+7.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$395,100
Assessed improvement
$1,228,050
Land market value
$878,000
Improvement market value
$2,729,000
Total market value
$3,607,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
28,116 SF
Lot
0.67 ac (29,280 SF)
Zoning code
M1-2
APN
10352-0066
UPID
US63-5987659
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Jamaica, NY
Zoning M1-2 · permitted uses
M1-2 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Smartco Properties, L.p.
Entity
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Tkg- Storagemart Partners Portfolio
—
Deed
related
$3,431,833 · Citi Real Estate Funding INC.
Mar 19, 2021
$86,385,158
Smartco Properties, L.p.
Smp Management, L.l.c.
Deed
—
Jan 22, 2019
—
Tkg-storagemart Ptrs Portfolio
—
Loan Modification
related
$7,500,000 · Citi R/e Fndg INC
Apr 28, 2015
—
Tkg-storagemart Partnerrs Portfolio
Tkgsm-ny LLC
Deed
$3,250,557 · Citigroup Global Markets Rlty
Oct 11, 2013
—
Tkgsm-various LLC
L P Tkgstoragemart Partners
Deed
—
Sep 29, 2010
—
Tkg-storagemart Ptshp LP
—
Deed Of Trust
related
$5,312,899 · Us Bank NA
Dec 15, 2009
—
Tkg-storagemart Ptrs
—
Deed Of Trust
related
$149,000,000 · Lehman Commercial Paper INC
Dec 7, 2005
$4,500,000
Warburg-storagemart Ptrs
Axelrod,michael
Grant Deed
—
—
—
Tkg-storagemart Partners
—
Deed Of Trust
related
$10,200,000 · Lehman Commercial Paper INC
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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