Entity Owned Property summary
AI-generated overview
This exceptional 1,500 square foot retail space presents a fantastic opportunity for businesses seeking a high-visibility location on Staten Island's bustling Victory Boulevard. Situated in Richmond County, New York, this single-tenant property boasts convenient access to major thoroughfares, including proximity to Richmond Avenue (just two minutes away) and the Staten Island Mall (a five-minute drive). The property features ample on-site parking for customers and employees, a significant advantage in this high-traffic area. Inside, the space offers high ceilings, creating an airy and spacious feel, and includes a built-in office area within the open floor plan, providing flexibility for various business needs. The property's multi-use subtype allows for a range of retail concepts. The address is 3475 Victory Boulevard, Staten Island, NY 10314. This location offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish a strong presence in a thriving commercial district. The property is classified as retail and is located in a prime area of Staten Island, New York.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
19,125 SF
Lot
0.62 ac (26,856 SF)
Zoning code
M1-1
APN
02172-0050
UPID
US63-5603177
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
-
Hardware & Home Improvement Interior Design
-
Nightclub Music Venue
-
Renovation Specialist General Contractor
-
Distribution Center Logistics Company
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.30M
Owner & transaction history
since 2022
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
M1-1 · Staten Island, NY
Top alternative use upside
Commercial (general)
$5.4M
+51.0%
Apartment house (5+ units)
$4.1M
+13.8%
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.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.30M
Value range
$2.97M – $3.63M
±10% around blend
Estimated value / SF
$173 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.97M
blend $3.30M
$3.63M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,125 SF
Lot area
0.62 ac
Year built
2007
Stories
2
APN
02172-0050
Zoning
M1-1
Assessed value
$666,630
Annual tax
$70,609
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.78M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.4 mi away · 15,000 SF
17.4 mi away · 20,400 SF
21.1 mi away · 15,000 SF
21.6 mi away · 13,544 SF
22.3 mi away · 16,320 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$188
-8%
County 50 sales
$188
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $173/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+51%
vs current-use indication
Apartment House (5+ Units)
Warehouse, Storage · 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
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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 · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
9.70%
Implied, in-place cap rate for this warehouses
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 · 9.70%
9.0%
NOI (est.)
$266k *
Last sale · Nov 2022
$3.80M
* 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$2.74M
Move the market yield to see immediate price impact.
Value / SF
$143
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
9.20%9.70%10.20%
$239k
$2.60M
$2.47M
$2.35M
$266k
$2.89M
$2.74M
$2.61M
$293k
$3.18M
$3.02M
$2.87M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$5.34M
5.5 mi · Sep 2025 · $223/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$70,609
Tax year 2024
Assessed value
$666,630
Assessed 2024
Previous assessed
$668,520
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$205,650
Assessed improvement
$460,980
Land market value
$457,000
Improvement market value
$1,152,000
Total market value
$1,609,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
19,125 SF
Lot
0.62 ac (26,856 SF)
Zoning code
M1-1
APN
02172-0050
UPID
US63-5603177
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Staten Island, NYZoning M1-1 · permitted uses
M1-1 · Staten Island, 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
2007
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
Staten Island, NY
Recorded code
M1-1
Ownership Intelligence
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Owner identityResolved entity and name variants
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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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