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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
20017 Linden Blvd, Jamaica, NY 11412-3200
Entity Owned
~
Est. High Equity
Property ID
US63-1894640
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1920
Total area
1,870 SF
Lot
0.04 ac (1,735 SF)
Zoning code
R5B
APN
11072-0108
UPID
US63-1894640
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
Current use
Occupant on record · Public records
-
Miller Donald a DDS Dental Office
-
Dr. Eustace A. Huggins, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$625k
Owner & transaction history
Narsen Development INC.
Narsen Development INC.
since 2026
Last sale
$735,000
6 recorded transactions
Zoning & alternative use
R5B · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$835,000
+20.5%
Retail stores
$805,000
+16.3%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
WAREHOUSE, STORAGE
$835,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $735k (Feb 5 2026)
Last sale anchor
$735k
Feb 5 2026
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
$334 / 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
$14,528
Tax year 2024
Assessed value
$144,900
Assessed 2024
Previous assessed
$135,000
+7.3% YoY
Effective rate
10.03%
On assessed value
Assessed land
$39,600
Assessed improvement
$105,300
Land market value
$88,000
Improvement market value
$234,000
Total market value
$322,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
1,870 SF
Lot
0.04 ac (1,735 SF)
Zoning code
R5B
APN
11072-0108
UPID
US63-1894640
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Jamaica, NY
Zoning R5B · permitted uses
R5B · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$835,000
RETAIL STORES
Est. value
$805,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1920
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Narsen Development INC.
Entity
Mailing address
20003 LINDEN BLVD, SAINT ALBANS, NY 11412-3223
Ownership since
2026
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
Feb 5, 2026
$735,000
Narsen Development INC.
179-04 Eveleth Road LLC
Deed
$527,250 · A & D Mortgage LLC
Jan 21, 2025
$550,000
179-04 Eveleth Road LLC
200-17 Linden Blvd. INC.
Deed
—
Dec 16, 2016
$400,000
200-17 Linden Blvd INC
Huggins,eustace A
Grant Deed
$300,000 · Mortgage World Bankers
—
—
Eustace A Huggins
—
Deed Of Trust
related
$296,400 · Apex Mortgage Corp
—
—
Eustace A Huggins
—
Deed Of Trust
related
$100,000 · J P Morgan Chase Bank
—
—
Eustace A Huggins
—
Deed Of Trust
related
$150,000 · J P Morgan Chase Bank
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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