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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 Simonson Ave STATEN ISLAND, NY 10303

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4463052
    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

    • Commercial real estate

    Property Details for 230 Simonson Ave

    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property at 230 Simonson, Staten Island, NY 10303, presents a unique investment opportunity. Located in a vibrant area with high foot traffic, this 0 square foot property offers significant potential for redevelopment or repurposing. The asking price is $659,000. The property's precise square footage is currently unavailable, requiring further due diligence. The address is verified within the State of New York, Richmond County (County Code 36085). Its geographic coordinates are 40.6309605 latitude and -74.1525684 longitude. Given the "mixed-use" designation, the property could accommodate a variety of commercial and/or residential uses, subject to local zoning regulations and permits. Investors should conduct thorough research into the specific zoning and development possibilities to determine the optimal use and potential return on investment. This property's blank slate presents a chance to create a tailored commercial space or a unique residential development, catering to the specific needs of the local market. The absence of a defined square footage necessitates a site visit and further investigation to ascertain the property's exact dimensions and layout. Serious inquiries are encouraged to explore this promising investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    STATEN ISLAND
    County
    36085
    State
    New York
    Longitude
    -74.1525684
    Latitude
    40.6309605

    Comparable in this City

    • New
      $842,000
      2,777 SF

      New Mixed-Use Building, Staten Island

      Mixed-use building with retail space and two-bedroom apartment.
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    • $2,000,000
      5,000 SF

      Staten Island Manufacturing Facility

      5,000 SF Industrial Building, $2M
      234 Grandview Ave, Staten Island, NY 10303
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    • $1,299,000
      2,312 SF

      Staten Island Manufacturing Facility

      2,312 SF Industrial Building, $1.3M
      0 Lake Ave, Staten Island, NY 10303
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    • $5,188,000
      12,888 SF

      Caliber Collision NNN Property

      NNN property leased to Caliber Collision in Staten Island, NY.
      2550 Richmond Ter, Staten Island, NY 10303
      View Details
    • $760,000

      Staten Island Specialty Property

      Specialty property available for sale in Staten Island, NY.
      121 Union Ave, Staten Island, NY 10303
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    • $899,000

      Staten Island Multifamily Property

      Multifamily property for sale in Staten Island, New York.
      134 South Ave, Staten Island, NY 10303
      View Details

    Similar Nearby for Sale

    • New
      $842,000
      2,777 SF

      New Mixed-Use Building, Staten Island

      Mixed-use building with retail space and two-bedroom apartment.
      3020 Richmond Ter, Staten Island, NY 10303
      View Details
    • $2,000,000
      5,000 SF

      Staten Island Manufacturing Facility

      5,000 SF Industrial Building, $2M
      234 Grandview Ave, Staten Island, NY 10303
      View Details
    • $1,299,000
      2,312 SF

      Staten Island Manufacturing Facility

      2,312 SF Industrial Building, $1.3M
      0 Lake Ave, Staten Island, NY 10303
      View Details
    • $5,188,000
      12,888 SF

      Caliber Collision NNN Property

      NNN property leased to Caliber Collision in Staten Island, NY.
      2550 Richmond Ter, Staten Island, NY 10303
      View Details
    • $760,000

      Staten Island Specialty Property

      Specialty property available for sale in Staten Island, NY.
      121 Union Ave, Staten Island, NY 10303
      View Details
    • $899,000

      Staten Island Multifamily Property

      Multifamily property for sale in Staten Island, New York.
      134 South Ave, Staten Island, NY 10303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad Site Available

      8,085 SF retail space in Staten Island's North Shore.
      2060 Forest Ave, Staten Island, NY 10303
      View Details
    • $35 SF/Yr
      3,450 SF

      Staten Island Historic Office Space

      Versatile North Shore Office, Newly Renovated
      2940 Richmond Ter, Staten Island, NY 10303
      View Details
    • $8 SF/Yr
      6,000 SF

      Staten Island Industrial Manufacturing Space

      6,000 sq ft Manufacturing Space - Excellent Terms
      222 Arlington Ave, Staten Island, NY 10303
      View Details
    • $3,400 /Mo
      1,600 SF

      Staten Island Warehouse Space Available

      Ground-level warehouse with high ceilings in prime industrial location.
      3111 Richmond Ter, Staten Island, NY 10303
      View Details
    • $15,000 /Mo
      5,000 SF

      Renovated Industrial Warehouse For Lease

      Renovated two-story industrial warehouse with drive-in bays in Staten Island.
      210 Grandview Ave, Staten Island, NY 10303
      View Details
    • $1,600 /Mo
      700 SF

      Staten Island Office Space Available

      Office space with on-site parking suitable for various businesses.
      2015 Forest Ave, Staten Island, NY 10303
      View Details
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    230 Simonson Ave
    STATEN ISLAND, NY 10303
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    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
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