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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Office buildings
2922 Shell Rd, Brooklyn, NY 11224-3611
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-6197857
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Total area
1,712 SF
Lot
0.03 ac (1,126 SF)
Zoning code
M1-2
APN
07247-0294
UPID
US63-6197857
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
Current use
Occupant on record · Public records
-
Contact Plus Electrical Corp Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$805k
Owner & transaction history
2922 Shell LLC · 1 yrs held
2922 Shell LLC
since 2025
Last sale
$835,000
7 recorded transactions
Zoning & alternative use
M1-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+39.9%
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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$940,000
Current use
RETAIL STORES
$1,320,000
Change: +40% · Conversion: Moderate
WAREHOUSE, STORAGE
$860,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $835k (Apr 17 2025)
Last sale anchor
$835k
Apr 17 2025
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
$470 / 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
$11,659
Tax year 2024
Assessed value
$117,900
Assessed 2024
Previous assessed
$112,500
+4.8% YoY
Effective rate
9.89%
On assessed value
Assessed land
$26,100
Assessed improvement
$91,800
Land market value
$58,000
Improvement market value
$204,000
Total market value
$262,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
1,712 SF
Lot
0.03 ac (1,126 SF)
Zoning code
M1-2
APN
07247-0294
UPID
US63-6197857
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$940,000
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$860,000
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
2922 Shell LLC
Entity
Mailing address
2922 SHELL RD, BROOKLYN, NY 11224-3611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
$835,000
2922 Shell LLC
2922 Shell Rd LLC
Deed
$670,000 · H And S Group USA LLC
Apr 15, 2025
—
2922 Shell Rd LLC
2916 Shell Road LLC
Deed
—
Dec 29, 2021
—
2922 Shell Road, LLC
—
Deed
related
$337,941 · Habib American Bank
May 4, 2020
—
2916 Shell Road LLC
—
Deed
related
$900,000 · Td Bk NA
Dec 14, 2018
—
2921 Brighton 1st Street LLC
2921 Brighton 1st Street LLC
Quit Claim Deed
related
—
Apr 21, 2016
—
2922 Shell Road LLC
2916 Shell Road LLC
Deed
$336,000 · Citizens Bank, N A
Aug 26, 2005
$39,500
2916 Shell Rd LLC
Palma,john JR & Carmine
Grant Deed
$36,200 · John Palma
—
—
2916 Shell Road LLC
—
Deed Of Trust
related
$175,000 · Lr Comvest LLC
—
—
2916 Shell Road LLC
—
Deed Of Trust
related
$225,000 · Naum Veynerman
—
—
2916 Shell Road LLC
—
Deed Of Trust
related
$400,000 · Naum
—
—
2916 Shell Road LLC
—
Loan Modification
related
$400,000 · Naum Veynerman
—
—
2916 Shell Road LLC
—
Deed Of Trust
related
$200,000 · Naum Veynerman
—
—
2916 Shell Road LLC
—
Deed Of Trust
related
$900,000 · Td Bk NA
—
—
2922 Shell Rd LLC
—
Loan Modification, Consolidation And Extension
related
$536,000 · Citizens Bk
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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