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    Property profile & analytics

    2906 Shell Rd Brooklyn, NY 11224-3610

    • Office buildings
    • 8,675 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $510,000
    Location Intelligence
    Property ID
    US63-3279172
    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

    • Russian Radio Station in New York | Freedom FM 104.7 FM / Radio Broadcaster
    • Borocrescent Transit Ltd / Bus Charter
    • Megamax Voice & Data, Inc. / Corporate Office
    • MyBrooklyn.com LLC / Internet Marketing Service
    • BOOM PRO INC / Crane Service / Delivery Service

    Property Details for 2906 Shell Rd

    Year built
    2018
    Lot size
    0.05 lot acres
    Property size
    8,675 SF
    Zone code
    M1-2
    Property type
    Office buildings
    APN
    07247-0260
    APU
    72470260

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $440,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $370,000
      Mixed-Use
      $385,000
      Hospitality
      $425,000
      Educational
      $375,000
      Residential Income
      $375,000
      Energy
      $405,000
      Income-Based Land
      $385,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9758
    Latitude
    40.5817
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $61,401
    $75,150
    $593,550
    $668,700
    -
    $167,000
    $1,319,000
    $1,486,000

    Comparable in this City

    • Value Estimation
      $1,530,000
      4,403 SF

      1906 Mermaid Ave

      PROFESSIONAL BUILDING • 4,403 SF
      1906 Mermaid Ave, Brooklyn, NY 11224-2508
      View Details
    • Value Estimation by Request
      1,712 SF

      2922 Shell Rd

      OFFICE BUILDING (MULTI-STORY) • 1,712 SF
      2922 Shell Rd, Brooklyn, NY 11224-3611
      View Details
    • Value Estimation
      $370,000
      3,405 SF

      1612 Neptune Ave

      OFFICE BUILDING (MULTI-STORY) • 3,405 SF
      1612 Neptune Ave, Brooklyn, NY 11224-2830
      View Details
    • Value Estimation
      $305,000
      52,302 SF

      2847 8th St

      OFFICE BUILDING (MULTI-STORY) • 52,302 SF
      2847 8th St, Brooklyn, NY 11224-3604
      View Details
    • Value Estimation by Request
      14,254 SF

      2846 Stillwell Ave

      OFFICE BUILDING (MULTI-STORY) • 14,254 SF
      2846 Stillwell Ave, Brooklyn, NY 11224-2624
      View Details
    • Value Estimation by Request
      63,700 SF

      3050 21st St

      OFFICE BUILDING (MULTI-STORY) • 63,700 SF
      3050 21st St, Brooklyn, NY 11224-2103
      View Details

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    Brooklyn, NY 11224-3610
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    Realmo Value Estimation

    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.

    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.

    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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