Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    210 Wallabout St Ste 1b Brooklyn, NY 11206-5547

    • Retail space
    • 2,648 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    $1,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4199069
    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

    • Mega Babies / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Chase Bank / Bank / Loan Service
    • The Shell Station / Clothing Store
    • Golds Accessories / Hat Shop
    • Chase Mortgage / Loan Service / Bank

    Property Details for 210 Wallabout St Ste 1b

    Year built
    1931
    Lot size
    0.57 lot acres
    Property size
    2,648 SF
    Zone code
    R7-1
    Property type
    Retail space
    APN
    02263-1627
    APU
    22631627

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,040,000
      Current use
      AUTO REPAIR, GARAGE
      $2,105,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9545
    Latitude
    40.6998
    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
    $4,939
    $1,840
    $240,900
    $242,740
    -
    $4,088
    $535,333
    $539,421

    Comparable in this City

    • Value Estimation
      $1,055,000
      2,500 SF

      686 Flushing Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      686 Flushing Ave, Brooklyn, NY 11206-5025
      View Details
    • Value Estimation by Request
      305 SF

      65 Graham Ave, Unit C2

      RETAIL STORES (PERSONAL SERVICES) • 305 SF
      65 Graham Ave, Brooklyn, NY 11206-3656
      View Details
    • Value Estimation by Request
      831 SF

      151 Manhattan Ave, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 831 SF
      151 Manhattan Ave, Brooklyn, NY 11206-2089
      View Details
    • Value Estimation
      $910,000
      2,500 SF

      927 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      927 Broadway, Brooklyn, NY 11206-5918
      View Details
    • Value Estimation
      $1,345,000
      3,634 SF

      782 Myrtle Ave, Unit C1

      RETAIL STORES (PERSONAL SERVICES) • 3,634 SF
      782 Myrtle Ave, Brooklyn, NY 11206-5553
      View Details
    • Value Estimation
      $3,310,000
      8,832 SF

      152 Manhattan Ave Ste, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 8,832 SF
      152 Manhattan Ave Ste, Brooklyn, NY 11206-3176
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Renovated Retail/Office Space Near Transit

      Renovated storefront/office space with basement near G train.
      527 Marcy Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      20,000 SF

      Newly Renovated Brooklyn Retail/Office Building

      Renovated retail and office building with high-end design.
      839-845 Broadway, Brooklyn, NY 11206
      View Details
    • Contact for pricing

      Williamsburg Mixed-Use Property For Sale

      Mixed-use property featuring retail space and five residential units.
      176 Graham Ave, Brooklyn, NY 11206
      View Details
    • $3,500,000

      Mixed-Use Corner Asset, Brooklyn

      Corner lot with residential and commercial units in Bedford-Stuyvesant.
      266 Throop Ave, Brooklyn, NY 11206
      View Details
    • $1,800,000
      5,000 SF

      Mixed-Use Building in Bushwick

      Three-story mixed-use building in prime Bushwick/East Williamsburg area.
      139 Evergreen Ave, Brooklyn, NY 11206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,750 SF

      Brooklyn Retail Space Available

      Retail space with gated storefront, prep and washing area.
      272-280 Seigel St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Vibrant Location

      600 SF retail space in a high-traffic Brooklyn location.
      602 Marcy Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      500 SF

      Renovated Retail Space Near L Train

      Newly renovated retail space near Montrose Avenue L train.
      200 Meserole St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      20,500 SF

      Broadway Triangle Retail Space Available

      Retail space available at the corner of Broadway Triangle.
      10 Graham Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      1,887 SF

      Retail Space in Bushwick Brooklyn

      Retail space for lease in a rapidly growing Bushwick area.
      123 Melrose St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      11,300 SF

      Prime Corner Retail Space Available

      New corner building with full frontage and major foot traffic.
      553-569 Marcy Ave, Brooklyn, NY 11206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 Wallabout St Ste 1b
    Brooklyn, NY 11206-5547
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!