Other investment properties
Entity Owned
4-yr Hold
~
Est. High Equity
Entity Owned 
For Sale
$1,850,000
3412 192nd St, Flushing, NY 11358-1927
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Property summary
AI-generated overview
This modern mixed-use building is located in the Bayside/Flushing area and includes approximately 1,200 square feet of office space plus a large one-bedroom, one-bathroom apartment. The property has six parking spaces. The building has undergone renovations that included a new kitchen and updated bathrooms, along with new windows, new wood flooring, and fresh interior paint. It is positioned for convenient access to major highways including I-495 LIE, Cross Island Parkway, and Grand Central Parkway, and multiple bus routes (Q28, Q31, Q76) are within about a 5-minute walk. Nearby elementary, middle, and high schools are located in the surrounding area, and retail and dining options are accessible along Francis Lewis Blvd.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Total area
2,704 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R5B
APN
05260-0015
UPID
US63-1893190
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$1.15M
Owner & transaction history
since 2021
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
R5B · Flushing, NY
Top alternative use upside
Retail stores
$2.0M
+80.5%
Office building
$1.8M
+65.8%
Warehouse, storage
$1.4M
+25.4%
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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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 86 comparables with addresses
4 alternative uses screened
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
$1.15M
Value range
$1.04M – $1.27M
±10% around blend
Estimated value / SF
$425 / SF
Confidence
High
86 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.04M
blend $1.15M
$1.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,704 SF
Lot area
0.09 ac
Year built
1970
Stories
2
APN
05260-0015
Assessed value
$89,580
Annual tax
$10,448
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$10,448
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.10M
Weighted, 20 comps · high confidence
Evidence
86 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 3,204 SF
2.8 mi away · 2,236 SF
3.0 mi away · 2,720 SF
3.5 mi away · 2,193 SF
3.8 mi away · 2,145 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 55 sales
$411
+4%
Submarket 1035 sales
$450
-5%
County 1912 sales
$386
+10%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $425/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+81%
vs current-use indication
Office Building
Warehouse, Storage
Commercial (general) · 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
Not available
Operating expenses
Modeled
Market rent
Market benchmark
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
Comparable evidence · 86 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.00%
Selected cap rate for this other investment properties
Derived from the Flushing market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.00%
9.0%
NOI (est.)
$66k *
Last sale · Sep 2021
$1.30M
* 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$2.20M
Move the market yield to see immediate price impact.
Value / SF
$815
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
2.50%3.00%3.50%
$59k
$2.38M
$1.98M
$1.70M
$66k
$2.64M
$2.20M
$1.89M
$73k
$2.91M
$2.42M
$2.08M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
86 found
High confidence · county-verified
Closest comparable
$1.71M
1.4 mi · Jan 2026 · $538/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,448
Tax year 2024
Assessed value
$89,580
Assessed 2024
Previous assessed
$49,075
+82.5% YoY
Effective rate
11.66%
On assessed value
Assessed land
$18,360
Assessed improvement
$71,220
Land market value
$306,000
Improvement market value
$1,187,000
Total market value
$1,493,000
Applied tax rate
1.0000
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
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1970
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
2,704 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R5B
APN
05260-0015
UPID
US63-1893190
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Flushing, NYZoning R5B · permitted uses
R5B · Flushing, 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
1970
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R5B
Jurisdiction
Flushing, NY
Recorded code
R5B
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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