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    Property profile & analytics

    2060 Wallace Ave Bronx, NY 10462

    • Retail space
    • 6,500 SF
    • 0.22 lot acres
    For Lease
    View listing
    $7,000 /Mo
    Value Estimation
    $23,495,000
    Last Sale
    Jan 16, 2024
    $23,254,840
    Location Intelligence
    Property ID
    US63-4047027
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Green Star At Wallace Day Care Center / Day Care Center

    Property Details for 2060 Wallace Ave

    Year built
    1932
    Lot size
    0.22 lot acres
    Property size
    6,500 SF
    Zone code
    R7-1
    Property type
    Retail space
    APN
    04289-0001
    APU
    42890001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $23,255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $24,025,000
      6.5%
      $24,490,000
      7%
      $25,615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $24,935,000
      Geo Method
      $26,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $24,105,000
      Retail
      $25,950,000
      Mixed-Use
      $19,870,000
      Hospitality
      $22,190,000
      Educational
      $23,520,000
      Residential Income
      $21,945,000
      Energy
      $23,215,000
      Income-Based Land
      $21,720,000
      Food Service
      $25,380,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8645
    Latitude
    40.8522
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $52,163
    $270,000
    $222,480
    $492,480
    -
    $600,000
    $571,000
    $1,171,000

    Comparable in this City

    • Value Estimation by Request
      12,500 SF

      2157 White Plns Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,500 SF
      2157 White Plns Rd, Bronx, NY 10462-1405
      View Details
    • Value Estimation by Request
      195,752 SF

      1409 Metropolitan Ave, Unit S1

      RETAIL STORES (PERSONAL SERVICES) • 195,752 SF
      1409 Metropolitan Ave, Bronx, NY 10462-7447
      View Details
    • Value Estimation by Request
      970 SF

      1451 Ww Aves1

      RETAIL STORES (PERSONAL SERVICES) • 970 SF
      1451 Ww Aves1, Bronx, NY 10462-7304
      View Details
    • Value Estimation
      $23,635,000
      1,860 SF

      2068 Wallace Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      2068 Wallace Ave, Bronx, NY 10462-3006
      View Details
    • Value Estimation by Request
      3,250 SF

      2227 Westchester Ave, Unit 2233

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      2227 Westchester Ave, Bronx, NY 10462-5014
      View Details
    • Value Estimation by Request
      410 SF

      1444 Ee Aves7a

      RETAIL STORES (PERSONAL SERVICES) • 410 SF
      1444 Ee Aves7a, Bronx, NY 10462-7502
      View Details

    Similar Nearby for Sale

    • $2,500,000

      High Visibility Retail Corner Location

      Ideal corner retail location suitable for various commercial uses.
      2301 Westchester Ave, Bronx, NY 10462
      View Details
    • $2,400,000

      Mixed-Use Property in Morris Park

      Two-story property with office, retail, garage, and storage space.
      1710 Bronxdale Ave, Bronx, NY 10462
      View Details
    • Contact for pricing
      29,819 SF

      Bronx Retail and Office Asset

      Two-story retail and office asset in the Bronx.
      2244 Westchester Ave, Bronx, NY 10462
      View Details
    • $886,000

      Mixed-Use Property with Storefront

      Mixed-use property featuring a storefront and two apartments.
      1733 Zerega Ave, Bronx, NY 10462
      View Details
    • $100,000
      0.01 Acres

      Established Bronx Retail Business For Sale

      Long-standing retail business with loyal customer base and high foot traffic.
      741 Lydig Ave, Bronx, NY 10462
      View Details
    • $1,290,000

      Commercial Property in Parkchester Area

      Commercial property in the Parkchester area, close to upcoming station.
      1506 Bronxdale Ave, Bronx, NY 10462
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail/Medical Space on White Plains

      High-visibility retail or medical space on Lydig Ave.
      700 Lydig Ave, Bronx, NY 10462
      View Details
    • Contact for pricing
      40,000 SF

      Retail Space with On-Site Parking

      Retail space available for rent with on-site parking.
      2009 Cruger Ave, Bronx, NY 10462
      View Details
    • $39 SF/Yr
      5,000 SF

      Corner Retail Space with Basement

      Retail space with basement storage, near White Plains Road.
      2147 Wallace Ave, Bronx, NY 10462
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on White Plains

      Retail space with high foot traffic, close to transportation.
      2150-2152 White Plains Rd, Bronx, NY 10462
      View Details
    • Contact for pricing
      4,206 SF

      Retail Space in Parkchester

      Retail space with high visibility and accessibility in the Bronx.
      1453 Metropolitan Ave, Bronx, NY 10462
      View Details
    • $9,100 /Mo

      Retail Space in The Bronx

      Retail space available for lease in The Bronx, NY.
      2260 E East Tremont The, Bronx, NY 10462
      View Details
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    2060 Wallace Ave
    Bronx, NY 10462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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