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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Warehouses
3402 Laurel Hl Blvd, Flushing, NY 11378-2034
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2851527
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
43,247 SF
Lot
1.06 ac (46,304 SF)
Zoning code
M3-1
APN
02520-0006
UPID
US63-2851527
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
$2.21M
Blend (final)
Blend
$2.68M
Owner & transaction history
Jpp 34-02 LLC · 1 yrs held
Jpp 34-02 LLC
since 2024
7 recorded transactions
Zoning & alternative use
M3-1 · Flushing, 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 Flushing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flushing 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
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10%
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
$62 / 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
$202,499
Tax year 2024
Assessed value
$2,039,400
Assessed 2024
Previous assessed
$1,889,930
+7.9% YoY
Effective rate
9.93%
On assessed value
Assessed land
$165,150
Assessed improvement
$1,874,250
Land market value
$367,000
Improvement market value
$4,165,000
Total market value
$4,532,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
43,247 SF
Lot
1.06 ac (46,304 SF)
Zoning code
M3-1
APN
02520-0006
UPID
US63-2851527
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Flushing, NY
Zoning M3-1 · permitted uses
M3-1 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flushing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Jpp 34-02 LLC
Entity
Mailing address
3402 LAUREL HL BLVD, FLUSHING, NY 11378-2034
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Jpp 34-02 LLC
34-02 Lhb LLC
Deed
—
Jul 14, 2020
—
34-02 Lhb Realty LLC
—
Deed
related
$5,180,186 · Alma Bank
Oct 8, 2009
$4,850,000
34-02 Lhb Realty LLC
Laurel Hill Blvd Realty LLC
Grant Deed
—
Aug 2, 2007
$5,800,000
Laurel Hill Blvd Realty LLC
34-02 Laurel Realty LLC
Deed
—
Dec 16, 2005
—
34-02 Laurel Realty LLC
Salvatore
Grant Deed
related
$1,650,000 · Newell Funding LLC
—
—
34-02 Lhb Realty LLC
—
Deed Of Trust
related
$3,400,000 · Alma Bk
—
—
34-02 Lhb Realty LLC
—
Loan Modification
related
$2,569,813 · Alma Bk
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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