Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2975 Richmond Ave Staten Island, NY 10314-5851

    • Retail properties
    • 142,419 SF
    • 8.76 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2025
    $37,605,875
    Value Estimations
    $37,605,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2574273
    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

    • Costco Pharmacy / Pharmacy
    • Costco Wholesale / Big Box & Wholesale Store / Discount Store
    • Cardtronics ATM / Atm
    • Costco Bakery / Bakery / Specialty Food Shop
    • The Staten Island Eye Doctors / Physician

    Property Details for 2975 Richmond Ave

    Year built
    1995
    Lot size
    8.76 lot acres
    Property size
    142,419 SF
    Zone code
    C4-1
    Property type
    Retail properties
    APN
    02359-0300
    APU
    23590300

    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
    Richmond
    State
    New York
    Longitude
    -74.1687
    Latitude
    40.5727
    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
    $921,355
    $4,292,100
    $4,406,490
    $8,698,590
    -
    $9,538,000
    $11,254,000
    $20,792,000

    Comparable in this City

    • Value Estimation by Request
      2,712 SF

      4130 Victory Blvd

      Retail properties • 2,712 SF
      4130 Victory Blvd, Staten Island, NY 10314
      View Details
    • Value Estimation by Request
      1,144 SF

      77 Richmond Hill Rd

      Individual retail properties • 1,144 SF
      77 Richmond Hill Rd, Staten Island, NY 10314
      View Details
    • Value Estimation
      $690,000
      179,200 SF

      140 Marsh Ave

      DEPARTMENT STORE (MULTI-STORY) • 179,200 SF
      140 Marsh Ave, Staten Island, NY 10314-5902
      View Details
    • Value Estimation by Request

      597 Manor Rd

      Office Properties & Spaces
      597 Manor Rd, Staten Island, NY 10314
      View Details
    • Value Estimation
      $745,000
      183,983 SF

      283 Platinum Ave

      DEPARTMENT STORE (MULTI-STORY) • 183,983 SF
      283 Platinum Ave, Staten Island, NY 10314-6074
      View Details
    • Value Estimation
      $570,000
      135,809 SF

      2873 Richmond Ave

      DEPARTMENT STORE (MULTI-STORY) • 135,809 SF
      2873 Richmond Ave, Staten Island, NY 10314-5811
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,458 SF

      Staten Island Retail Storefront Opportunity

      Prime Retail Space, High Occupancy, Excellent Condition
      1931 Richmond Ave, Staten Island, NY 10314
      View Details
    • $49,000
      833 SF

      Staten Island Restaurant - $49K

      High-Traffic Korean Fried Chicken Restaurant
      1970 Victory Blvd, Staten Island, NY 10314
      View Details
    • $8,600,000
      7,356 SF

      Staten Island Retail Investment

      Walgreens-anchored, high-traffic location.
      2191 Richmond Ave, Staten Island, NY 10314
      View Details
    • $650,000
      22 SF

      Mixed-Use Property in Staten Island

      Mixed-use property with storefront and oversized three-bedroom apartment.
      1198 Castleton Ave, Staten Island, NY 10314
      View Details
    • $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 10314
      View Details
    • $280,000
      1,600 SF

      Established Gift Shop Business Opportunity

      Turnkey gift shop business for sale in Staten Island, NY.
      933 Richmond Ave, Staten Island, NY 10314
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      12,000 SF

      Richmond Ave Retail Opportunity

      Staten Island retail space, 3 units available
      1931 Richmond Ave, Staten Island, NY 10314
      View Details
    • $39 SF/Yr
      1,000 SF

      Staten Island Retail Space For Lease

      Prime Manor Road storefront, 1,000+ sq ft.
      923 Manor Rd, Staten Island, NY 10314
      View Details
    • $28 SF/Yr
      2,500 SF

      Staten Island Retail Space - Victory Blvd

      High-traffic retail space, prime location.
      1755 Victory Blvd, Staten Island, NY 10314
      View Details
    • Contact for pricing
      1,144 SF

      Staten Island Retail Space For Lease

      Prime Staten Island Retail, 1144 SF Available
      77 Richmond Hill Rd, Staten Island, NY 10314
      View Details
    • Contact for pricing
      19,522 SF

      Staten Island Retail Space Available

      Retail space for rent in a high-traffic Staten Island location.
      2795 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing
      45,675 SF

      Staten Island Retail Center Investment

      Prime Retail Center, High Traffic Area, Strong Tenants
      1650 Richmond Ave, Staten Island, NY 10314
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2975 Richmond Ave
    Staten Island, NY 10314-5851
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.