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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail residential properties
22201 Jamaica Ave Jamaica, NY 11428-2017
Entity Owned
4-yr Hold
Property ID
US63-3281334
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Total area
3,000 SF
Lot
0.06 ac (2,464 SF)
Zoning code
R3-2
APN
10741-0164
UPID
US63-3281334
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
$920k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$925k
Owner & transaction history
Abb 20619 LLC · 4 yrs held
Abb 20619 LLC
since 2022
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
R3-2 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+44.3%
Retail stores
$1.3M
+39.3%
Office building
$1.1M
+19.8%
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
$870,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
WAREHOUSE, STORAGE
$1,335,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: +39% · Conversion: Easy
OFFICE BUILDING
$1,110,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $950k (Jul 14 2022)
Last sale anchor
$950k
Jul 14 2022
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
$308 / 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
$20,171
Tax year 2024
Assessed value
$198,900
Assessed 2024
Previous assessed
$189,990
+4.7% YoY
Effective rate
10.14%
On assessed value
Assessed land
$56,700
Assessed improvement
$142,200
Land market value
$126,000
Improvement market value
$316,000
Total market value
$442,000
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
Similar Nearby for Lease
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
3,000 SF
Lot
0.06 ac (2,464 SF)
Zoning code
R3-2
APN
10741-0164
UPID
US63-3281334
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Jamaica, NYZoning R3-2 · permitted uses
R3-2 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1930
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Abb 20619 LLC
Entity
Mailing address
21227 JAMAICA AVE, QUEENS VILLAGE, NY 11428-1617
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$950,000
Abb 20619 LLC
221-01 Jamaica Avenue LLC
Deed
—
Jun 8, 2020
—
222-01 Jamaica Avenue LLC
—
Deed
related
$437,042 · Velocity Com'l Cap
Nov 13, 2019
—
222-01 Jamaica Avenue LLC
—
Deed
related
$86,957 · Velocity Com'l Cap
Jun 15, 2016
$850,000
222-01 Jamaica Avenue LLC
Jamaica Avenue Partners LLC
Grant Deed
$450,000 · Stated Income Group LLC
Nov 20, 2014
$400,000
Jamaica Avenue Partners LLC
Work Of Progress Consulting Svc L
Grant Deed
—
Feb 9, 2006
$332,000
In Progress Consulting Work
Agdm Corp
Grant Deed
—
—
—
222-01 Jamaica Avenue LLC
—
Deed Of Trust
related
$86,957 · Velocity Com'l Cap
—
—
222-01 Jamaica Avenue LLC
—
Loan Modification
related
$437,042 · Velocity Com'l Cap
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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