Entity Owned Property summary
AI-generated overview
The property is a commercial lot located in Mill Basin, Brooklyn, providing approximately 206,200 square feet of outdoor space. The lot is fully fenced and includes lighting suitable for nighttime use. It has two curb cuts and drive paths accessing Mill Avenue, with potential for additional drive-in access from V Avenue. The site is situated on the same block as Kings Plaza Shopping Center, which includes retailers such as Macy’s, Home Depot, and Lowe’s, and it is located within about 10 minutes of the Belt Parkway. The property is configured for potential uses including large-scale retail, parking, storage, or development.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Total area
49,448 SF
Lot
5.39 ac (235,006 SF)
Zoning code
R3-1
APN
08470-1140
UPID
US63-0825339
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Rental Facility
-
School Bus Service
-
Trucking Company
-
Car Rental Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.31M
Blend (final)
Blend
$32.96M
Owner & transaction history
since 2022
Last sale
$40.5M
1 recorded transaction
Zoning & alternative use
R3-1 · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$32.96M
Value range
$29.66M – $36.26M
±10% around blend
Estimated value / SF
$667 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$29.66M
blend $32.96M
$36.26M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
49,448 SF
Lot area
5.39 ac
Year built
1930
Stories
2
APN
08470-1140
Zoning
R3-1
Assessed value
$2,439,450
Annual tax
$202,496
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$25.31M
Range $17.12M – $69.75M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$32.96M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 209 sales
$795
-16%
County 209 sales
$795
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $667/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$40.50M
Move the market yield to see immediate price impact.
Value / SF
$819
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.55M
$51.03M
$36.45M
$28.35M
$2.84M
$56.70M
$40.50M
$31.50M
$3.12M
$62.37M
$44.55M
$34.65M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$202,496
Tax year 2024
Assessed value
$2,439,450
Assessed 2024
Previous assessed
$2,061,000
+18.4% YoY
Effective rate
8.30%
On assessed value
Assessed land
$2,439,450
Land market value
$5,421,000
Total market value
$5,421,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
6
Stories
2
Total area
49,448 SF
Lot
5.39 ac (235,006 SF)
Zoning code
R3-1
APN
08470-1140
UPID
US63-0825339
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-1 · Brooklyn, NYZoning R3-1 · permitted uses
R3-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
2
Buildings
6
Lot
5.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3-1
Jurisdiction
Brooklyn, NY
Recorded code
R3-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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