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

    249 Targee St Staten Island, NY 10304

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5741962
    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 249 Targee St

    Property type
    Commercial real estate

    Description

    This exceptional 3,000 square foot residential land parcel, located at 249 Targee Street in Staten Island, New York, 10304, presents a unique redevelopment opportunity. The property, measuring 30 feet wide by 100 feet deep, is situated in a prime location offering convenient access to major expressways. This is a drive-by only property; no interior viewing is permitted. The existing structure requires a complete tear-down and rebuild, allowing for the creation of a custom-designed home. Buyers should be prepared for a complete renovation project. Only one inspection will be allowed, contingent upon a submitted offer and proof of sufficient funds to complete the purchase. The asking price for this exceptional lot is $360,500. This represents a compelling investment opportunity for those seeking to build their dream home in a desirable Staten Island location. The property's convenient access to transportation makes it an attractive option for commuters. Serious inquiries only.

    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
    Staten Island
    State
    New York
    Longitude
    -74.0840884
    Latitude
    40.6209338

    Comparable in this City

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      Staten Island Mixed-Use Building

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    • $1,220,000

      Mixed-Use Building Near St. George Ferry

      Two-story mixed-use building with residential units and commercial storefronts.
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    • $999,999
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      New Construction Two-Family Home

      New construction two-family home with Verrazano Bridge views.
      810 Van Duzer St, Staten Island, NY 10304
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    • New
      $1,799,999
      6,450 SF

      Staten Island Multifamily Brick Building

      All-brick 8-family building with detached garages and excellent rental income.
      12 Court St, Staten Island, NY 10304
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    • $938,888
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      New Construction Two-Family Home

      Upgraded two-family home with Verrazano Bridge views in Staten Island.
      806 Van Duzer St, Staten Island, NY 10304
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    • $3,575,000
      14,784 SF

      Staten Island Mixed-Use Investment

      Turn-key mixed-use property with apartments and commercial storefronts.
      360 Van Duzer St, Staten Island, NY 10304
      View Details

    Similar Nearby for Sale

    • $1,090,000
      2,340 SF

      Staten Island Mixed-Use Building

      Mixed-use building with restaurant and apartment in Staten Island.
      4164 Victory Blvd, Staten Island, NY 10304
      View Details
    • $1,220,000

      Mixed-Use Building Near St. George Ferry

      Two-story mixed-use building with residential units and commercial storefronts.
      684 Bay St, Staten Island, NY 10304
      View Details
    • $999,999
      Pending

      New Construction Two-Family Home

      New construction two-family home with Verrazano Bridge views.
      810 Van Duzer St, Staten Island, NY 10304
      View Details
    • New
      $1,799,999
      6,450 SF

      Staten Island Multifamily Brick Building

      All-brick 8-family building with detached garages and excellent rental income.
      12 Court St, Staten Island, NY 10304
      View Details
    • $938,888
      Pending

      New Construction Two-Family Home

      Upgraded two-family home with Verrazano Bridge views in Staten Island.
      806 Van Duzer St, Staten Island, NY 10304
      View Details
    • $3,575,000
      14,784 SF

      Staten Island Mixed-Use Investment

      Turn-key mixed-use property with apartments and commercial storefronts.
      360 Van Duzer St, Staten Island, NY 10304
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
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      Staten Island Retail Space - 1500 SF

      Prime Retail Space, Stapleton, Immediate Occupancy
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      Renovated Commercial Space For Rent

      Renovated commercial space ideal for small businesses and individual professionals.
      1864 Clove Rd, Staten Island, NY 10304
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      Renovated Commercial Space on Clove

      Renovated commercial space for rent in a mixed-use building.
      1864 Clove Rd, Staten Island, NY 10304
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    • $3,000 /Mo
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      Downtown Staten Island Office Space

      Versatile 1000 sq. ft. office in vibrant downtown Staten Island.
      101 Water St, Staten Island, NY 10304
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    • $35 SF/Yr
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      Staten Island Office/Retail Complex

      Grasmere Location, Multiple Spaces Available
      2071 Clove Rd, Staten Island, NY 10304
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    • $10,000 /Mo
      5,000 SF

      Downtown Staten Island Warehouse Space

      5,000 sq ft warehouse with office and rolling doors.
      81 Prospect St, Staten Island, NY 10304
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    249 Targee St
    Staten Island, NY 10304
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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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