OFF-MARKET
Medical Office Space
Entity Owned
2-yr Hold
~
Est. High Equity
Entity Owned Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1973
Total area
37,250 SF
Lot
0.23 ac (9,814 SF)
Zoning code
R5
APN
04593-0001
UPID
US63-0203454
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
-
Physician
-
Nursing Home
-
Physician Medical Clinic
-
Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
$12.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.14M
Owner & transaction history
since 2023
Last sale
$12.6M
4 recorded transactions
Zoning & alternative use
R5 · Bronx, NY
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.14M
Value range
$10.03M – $12.25M
±10% around blend
Estimated value / SF
$299 / SF
Confidence
Property data
88
Comparable evidence
60
$10.03M
blend $11.14M
$12.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
37,250 SF
Lot area
0.23 ac
Year built
1973
Stories
4
APN
04593-0001
Assessed value
$2,129,850
Annual tax
$225,594
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.33M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.35M
@ 6.5% CAP return
$12.33M
@ 7% CAP return
$11.45M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.20%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.20%
9.0%
NOI (est.)
$882k *
Last sale · Nov 2023
$12.60M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.25M
Move the market yield to see immediate price impact.
Value / SF
$329
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
6.70%7.20%7.70%
$794k
$11.85M
$11.02M
$10.31M
$882k
$13.16M
$12.25M
$11.45M
$970k
$14.48M
$13.47M
$12.60M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$225,594
Tax year 2024
Assessed value
$2,129,850
Assessed 2024
Previous assessed
$2,058,418
+3.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$106,200
Assessed improvement
$2,023,650
Land market value
$236,000
Improvement market value
$4,862,000
Total market value
$5,098,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
37,250 SF
Lot
0.23 ac (9,814 SF)
Zoning code
R5
APN
04593-0001
UPID
US63-0203454
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Bronx, NYZoning R5 · permitted uses
R5 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R5
Jurisdiction
Bronx, NY
Recorded code
R5
Ownership Intelligence
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Ownership report
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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