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Property profile & analytics
OFF-MARKET
Estimated value
$8,535,000
Car washes
315 Grand Concourse, Bronx, NY 10451-5445
Entity Owned
Free & Clear
Property ID
US63-5527307
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1931
Total area
10,183 SF
Lot
0.37 ac (16,062 SF)
Zoning code
C62A
APN
02344-0027
UPID
US63-5527307
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.27M
Blend (final)
Blend
$8.54M
Owner & transaction history
Walton Street Gc Developments LLC
Walton Street Gc Developments LLC
since 2025
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
C62A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bronx submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bronx 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,415,000
Current use
RETAIL STORES
$6,045,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.54M
Range $7.68M – $9.39M · ±10% · vs last sale $8.00M (Jun 4 2025)
Last sale anchor
$8.00M
Jun 4 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
$838 / 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
$54,232
Tax year 2024
Assessed value
$512,010
Assessed 2024
Previous assessed
$512,010
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$174,690
Assessed improvement
$337,320
Land market value
$642,000
Improvement market value
$593,000
Total market value
$1,235,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
10,183 SF
Lot
0.37 ac (16,062 SF)
Zoning code
C62A
APN
02344-0027
UPID
US63-5527307
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · Bronx, NY
Zoning C62A · permitted uses
C62A · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bronx. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$7.4M
RETAIL STORES
Est. value
$6.0M
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
Year built
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Walton Street Gc Developments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1021 38TH ST, BROOKLYN, NY 11219-1863
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
—
Walton Street Gc Developments LLC
Walton Street Gc Developments LLC
Deed
related
—
Aug 14, 2025
—
Walton Street Gc Developments LLC
—
Deed
related
$20,000,000 · Dbf Spe III LLC
Jun 4, 2025
—
Walton Street Gc Developments LLC
Walton Street Gc Developments LLC
Deed
related
—
Oct 2, 2024
—
Walton Street Gc Developments LLC
—
Deed
related
$83,948,070 · Scale 261 Grand Concourse Lender LLC
Sep 16, 2024
—
Walton Street Gc Developments LLC
—
Deed
related
$1,500,000 · Scale 261 Grand Concourse Lender LLC
Sep 11, 2024
—
Walton Street Gc Developments LLC
Walton Street Gc Developments LLC
Deed
related
—
Dec 6, 2022
$8,000,000
Walton Street Gc Developments LLC
315 R.e. Corp
Deed
$20,750,000 · Cerco Bridge Loans 6 LLC
Aug 15, 2000
—
New York City Economic Develop
New York City (ny)
Quit Claim Deed
related
—
Aug 15, 2000
$204,000
New York State Not For Profit
New York City Economic Develop
Grant Deed
related
—
—
—
315 Re Corp
—
Deed Of Trust
related
$2,000,000 · Energy Global Invs USA INC
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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