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

    3060 Roberts Ave, Unit 1 Bronx, NY 10461

    • Investment properties
    • 3,542 SF
    • 0.06 lot acres
    For Lease
    View listing
    $3,000 /Mo
    Last Sale
    Jan 24, 2023
    $1,055,000
    Value Estimations
    $1,030,000
    Cap Rate Potential
    7.6%
    Investment properties
    Location Intelligence
    Property ID
    US63-3222490
    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

    • Louis Annunziata PC / Dental Office
    • Perrotta Sally Ann / Dental Office
    • Salarno Lori / Dental Office

    Property Details for 3060 Roberts Ave

    Year built
    1960
    Lot size
    0.06 lot acres
    Property size
    3,542 SF
    Zone code
    R7-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04172-0001
    APU
    41720001

    Description

    This 1,000-square-foot medical office space in the Pelham Bay section of the Bronx, New York, is perfect for a medical practice seeking a convenient and accessible location. Situated at 3060 Roberts Avenue, this single-tenant property offers five pre-built examination rooms and a spacious reception area. Two dedicated parking spots are included, adding to the convenience for both staff and patients. The property is located in a high-traffic area near a school and a busy retail strip, ensuring excellent visibility and accessibility. Public transportation via subway and highway access are also readily available. A short-term lease of one to two years is offered, with options to renew, providing flexibility for growing practices. While the space requires renovations, the landlord offers two months of rent-free occupancy to offset these costs. Tenants are responsible for one-third of the property taxes and water bill, along with all other utilities. This presents a unique opportunity to customize the space to meet the specific needs of your practice in a prime Bronx location. The address is 3060 Roberts Ave, Bronx, NY 10461.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $935,000
      ML approach
      $1,010,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,180,000
      6.5%
      $1,090,000
      7%
      $1,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $658,000
      Market price range: $658k - $1.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $875,000
      Current use
      OFFICE BUILDING
      $1,485,000
      Change: +70% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,375,000
      Change: +57% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8291
    Latitude
    40.8458
    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
    $7,027
    $6,200
    $28,785
    $34,985
    -
    $213,000
    $989,000
    $1,202,000

    Comparable in this City

    • Value Estimation by Request
      2,646 SF

      1600 Hering Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,646 SF
      1600 Hering Ave, Bronx, NY 10461-2006
      View Details
    • Value Estimation
      $595,000
      3,676 SF

      1586 Williamsbridge Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,676 SF
      1586 Williamsbridge Rd, Bronx, NY 10461-6208
      View Details
    • Value Estimation
      $715,000
      4,500 SF

      2030-2032 Williamsbridge Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,500 SF
      2030-2032 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • Value Estimation
      $505,000
      3,000 SF

      1560 Mayflower Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      1560 Mayflower Ave, Bronx, NY 10461-5400
      View Details
    • Value Estimation
      $630,000
      3,245 SF

      1028 Neill Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,245 SF
      1028 Neill Ave, Bronx, NY 10461-1356
      View Details
    • Value Estimation
      $530,000
      3,528 SF

      1144 Van Nest Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,528 SF
      1144 Van Nest Ave, Bronx, NY 10461-1922
      View Details

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    Similar Nearby for Lease

    • $3,200 /Mo
      2,814 SF

      Bronx Medical Office Space

      Modern 2,000 sq. ft. medical office space for rent.
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    • $3,225 /Mo
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      Versatile Commercial Space in the Bronx

      860 sq ft commercial space suitable for various businesses.
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      View Details
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      Westchester Avenue Retail Space Available

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      63,000 SF

      Bronx Warehouse Space Available

      63,000 SF warehouse space for lease in Bronx.
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    • $3,000 /Mo
      2,400 SF

      Medical/Dental Office Space Available

      Medical/Dental office space for rent in Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • $7,500 /Mo
      5,053 SF

      Versatile Commercial Space in Bronx

      2,400 sq ft commercial space ideal for retail or office.
      2814 Middletown Rd, Bronx, NY 10461
      View Details
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    3060 Roberts Ave, Unit 1
    Bronx, NY 10461
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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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