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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3440 Boston Rd, Unit 3448 Bronx, NY 10469-2512

    • Office buildings
    • 10,200 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2531922
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DaVita Laconia Dialysis / Medical Center / Dialysis Center

    Property Details for 3440 Boston Rd

    Year built
    1935
    Lot size
    0.26 lot acres
    Property size
    10,200 SF
    Zone code
    C4-2
    Property type
    Office buildings
    APN
    04737-0001
    APU
    47370001

    Description

    This exceptional 10,200 square foot retail space, situated in a high-traffic corner location in the Bronx, presents a unique investment opportunity. Currently configured as a multi-tenant storefront, 900 square feet are immediately available for lease. The building's total area is 10,200 square feet, offering potential for expansion or subdivision. The property enjoys excellent visibility due to its corner location next to Davita Kidney Care, ensuring high foot traffic and brand exposure. Located at 3440 Boston Road, The Bronx, NY 10469, this property is in Bronx County and benefits from convenient access to major transportation routes. The available 900 square feet of vacant space provides immediate occupancy potential for a variety of retail businesses. The multi-tenant configuration allows for flexibility in lease terms and tenant mix. This property is ideal for businesses seeking a high-visibility location with significant square footage in a densely populated area. The existing infrastructure provides a solid foundation for immediate occupancy and customization to suit specific business needs. This is a rare opportunity to secure a prominent retail space in a thriving Bronx neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8486
    Latitude
    40.876
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $132,735
    $303,750
    $949,410
    $1,253,160
    -
    $675,000
    $2,141,000
    $2,816,000

    Comparable in this City

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      $370,000
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    • Value Estimation
      $455,000
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      2701 Williamsbridge Rd

      OFFICE BUILDING (MULTI-STORY) • 1,974 SF
      2701 Williamsbridge Rd, Bronx, NY 10469-4109
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    • Value Estimation
      $435,000
      2,800 SF

      967 Gun Hl Rd

      OFFICE BUILDING (MULTI-STORY) • 2,800 SF
      967 Gun Hl Rd, Bronx, NY 10469-3760
      View Details
    • Value Estimation
      $470,000
      7,500 SF

      920 Allerton Ave

      PROFESSIONAL BUILDING • 7,500 SF
      920 Allerton Ave, Bronx, NY 10469-4202
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    • Value Estimation
      $1,400,000
      6,100 SF

      1334 Gun Hl Rd

      OFFICE BUILDING (MULTI-STORY) • 6,100 SF
      1334 Gun Hl Rd, Bronx, NY 10469-3062
      View Details
    • Value Estimation
      $595,000
      16,900 SF

      2330 Eastchester Rd

      PROFESSIONAL BUILDING • 16,900 SF
      2330 Eastchester Rd, Bronx, NY 10469-5930
      View Details

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    Similar Nearby for Lease

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      Bronx Commercial Space Available

      Versatile commercial space suitable for retail, office, or professional use.
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    • Contact for pricing
      1,750 SF

      Eastchester Road Office Space Available

      Third-floor office space near hospitals and Einstein College of Medicine.
      2344 Eastchester Rd, Bronx, NY 10469
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    • $5,750 /Mo

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      Modern 2,000 SF medical office sublease in The Bronx.
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      Bronx Office Space for Lease

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    • $3,325 /Mo
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      Retail Space in Williamsbridge

      949 SF retail space in prime Williamsbridge location.
      3421-3439 Boston Rd, Bronx, NY 10469
      View Details
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    Bronx, NY 10469-2512
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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