Entity Owned Property summary
AI-generated overview
This exceptional four-story, 18,587 square foot industrial office building, located at 3087 Richmond Avenue in Staten Island, NY 10303, presents a compelling value-add investment opportunity. Currently vacant, the property offers significant potential for redevelopment or lease. Situated on a 7,411 square foot lot, the building is zoned M3-1, allowing for a variety of commercial and industrial uses. The asking price is $2,500,000, translating to $134.50 per square foot. Its prime location in a designated Opportunity Zone within Northern Staten Island provides access to potential tax incentives and economic benefits. Enjoy picturesque waterfront views and exceptional connectivity, with less than five minutes' proximity to the Staten Island Expressway and New Jersey bridges, ensuring easy access to major transportation arteries and neighboring regions. This property offers a rare chance to capitalize on a strategically positioned asset with substantial growth potential. The building's robust construction and spacious interiors provide versatility for various commercial or industrial endeavors, making it ideal for a headquarters, warehouse space, or other commercial uses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1931
Total area
18,528 SF
Lot
0.17 ac (7,411 SF)
Zoning code
M3-1
APN
01208-0006
UPID
US63-4794991
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Travel Agency Tour Operator
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.96M
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$535k
Owner & transaction history
since 2018
7 recorded transactions
Zoning & alternative use
M3-1 · Staten Island, NY
Top alternative use upside
Auto repair, garage
$6.5M
+17.3%
Retail stores
$6.2M
+11.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$29 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,528 SF
Lot area
0.17 ac
Year built
1931
Stories
4
APN
01208-0006
Zoning
M3-1
Assessed value
$806,400
Annual tax
$85,414
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.96M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.54M
@ 6.5% CAP return
$6.96M
@ 7% CAP return
$6.47M
4
Sales comparison
Partial preview
Sales approach indication
$28.87M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.4 mi away · 16,298 SF
11.4 mi away · 15,026 SF
11.7 mi away · 15,040 SF
12.6 mi away · 21,600 SF
19.7 mi away · 14,318 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 79 sales
$299
-90%
County 79 sales
$299
-90%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $29/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+17%
vs current-use indication
Retail Stores
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$806k
Move the market yield to see immediate price impact.
Value / SF
$44
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$51k
$1.02M
$726k
$564k
$56k
$1.13M
$806k
$627k
$62k
$1.24M
$887k
$690k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$43.70M
10.3 mi · Jan 2026 · $2,710/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$85,414
Tax year 2024
Assessed value
$806,400
Assessed 2024
Previous assessed
$781,650
+3.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$86,850
Assessed improvement
$719,550
Land market value
$193,000
Improvement market value
$1,728,000
Total market value
$1,921,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
18,528 SF
Lot
0.17 ac (7,411 SF)
Zoning code
M3-1
APN
01208-0006
UPID
US63-4794991
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Staten Island, NYZoning M3-1 · permitted uses
M3-1 · Staten Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M3-1
Jurisdiction
Staten Island, NY
Recorded code
M3-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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