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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Retail space
19801 Murdock Ave Jamaica, NY 11412-2508
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6267875
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
5,500 SF
Lot
0.23 ac (10,200 SF)
Zoning code
R4-1
APN
10993-0328
UPID
US63-6267875
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
$596k
Blend (final)
Blend
$980k
Owner & transaction history
198 Murdock Avenue LLC · 2 yrs held
198 Murdock Avenue LLC
since 2024
5 recorded transactions
Zoning & alternative use
R4-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
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
$178 / 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
$24,052
Tax year 2024
Assessed value
$231,750
Assessed 2024
Previous assessed
$207,450
+11.7% YoY
Effective rate
10.38%
On assessed value
Assessed land
$91,800
Assessed improvement
$139,950
Land market value
$204,000
Improvement market value
$311,000
Total market value
$515,000
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
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Buildings
1
Stories
1
Units
6
Total area
5,500 SF
Lot
0.23 ac (10,200 SF)
Zoning code
R4-1
APN
10993-0328
UPID
US63-6267875
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Jamaica, NY
Zoning R4-1 · permitted uses
R4-1 · 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
1961
Heating
NONE
Stories
1
Buildings
1
Units
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
198 Murdock Avenue LLC
Entity
Mailing address
464 AVE U U3R, BROOKLYN, NY 11223-4011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
—
198 Murdock Avenue LLC
—
Deed
related
$167,723 · Interaudi Bank
Jul 5, 2018
—
198 Murdock Avenue LLC
—
Deed
related
$1,000,000 · Sterling Nat'l Bk
—
—
198 Murdock Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$700,000 · Sterling Nat'l Bk
—
—
198 Murdock Avenue LLC
—
Deed Of Trust
related
$750,000 · Astoria Federal S&l Assn
—
—
198 Murdock Avenue LLC
—
Loan Modification
related
$1,000,000 · Sterling Nat'l Bk
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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