Entity Owned Property summary
AI-generated overview
A 4,000 square foot warehouse space with ceiling heights over 11 feet is located on the lower level and is accessed via a 70-foot long declining loading driveway suitable for box trucks. The warehouse is served by three entrances, including an elevator for access from a private, secure lobby area, and a private staircase providing access to street level. The building also includes office space options, including a 1,100 square foot office with a private kitchen, rooftop access, polished concrete floors, and floor-to-ceiling windows and doors, as well as a separate 500 square foot office suite. The property is situated near major transportation routes including the BQE and Laguardia Airport.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
6,943 SF
Lot
0.11 ac (5,000 SF)
Zoning code
M1-1
APN
00733-0026
UPID
US63-2815956
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
since 2014
4 recorded transactions
Zoning & alternative use
M1-1 · Long Island City, 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.
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$805k
Value range
$725k – $886k
±10% around blend
Estimated value / SF
$116 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$725k
blend $805k
$886k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,943 SF
Lot area
0.11 ac
Year built
2018
Stories
2
APN
00733-0026
Zoning
M1-1
Assessed value
$444,150
Annual tax
$46,930
3
Income approach: direct capitalization
Partial preview
Income approach indication
$815k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$885k
@ 6.5% CAP return
$815k
@ 7% CAP return
$760k
4
Sales comparison
Partial preview
Sales approach indication
$8.08M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 6,186 SF
2.6 mi away · 9,000 SF
3.3 mi away · 5,990 SF
3.8 mi away · 6,593 SF
4.3 mi away · 8,750 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$805k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 58 sales
$308
-62%
County 224 sales
$405
-71%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $116/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
Modeled
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: income and sales evidence cover the value conclusion.
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
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
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$444k
Move the market yield to see immediate price impact.
Value / SF
$64
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%
$28k
$560k
$400k
$311k
$31k
$622k
$444k
$345k
$34k
$684k
$489k
$380k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$15.40M
1.3 mi · Feb 2026 · $2,194/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$46,930
Tax year 2024
Assessed value
$444,150
Assessed 2024
Previous assessed
$442,800
+0.3% YoY
Effective rate
10.57%
On assessed value
Assessed land
$130,500
Assessed improvement
$313,650
Land market value
$290,000
Improvement market value
$697,000
Total market value
$987,000
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
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
6,943 SF
Lot
0.11 ac (5,000 SF)
Zoning code
M1-1
APN
00733-0026
UPID
US63-2815956
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Long Island City, NYZoning M1-1 · permitted uses
M1-1 · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
Long Island City, NY
Recorded code
M1-1
Ownership Intelligence
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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.
They do not confirm beneficial ownership or intent to transact.
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