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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Office buildings
3502 150th Pl, Flushing, NY 11354-4922
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1851808
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
7,696 SF
Lot
0.13 ac (5,643 SF)
Zoning code
R3-2
APN
05008-0019
UPID
US63-1851808
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
Current use
Occupant on record · Public records
-
Future Vision Presbyterian Church Church
-
Han Gyeol Presbyterian Church (ARPC) Church
-
A A Senior Relations Associates Social Service Agency Charitable Organization
-
CME Solutions Inc Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.02M
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.58M
Owner & transaction history
16104 Sanford LLC · 1 yrs held
16104 Sanford LLC
since 2025
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
R3-2 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+10.0%
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
$3,095,000
ML approach
$3,015,000
CAP Approach
CAP Return
Estimation
6%
$4,505,000
6.5%
$4,160,000
7%
$3,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,240,000
Current use
COMMERCIAL (GENERAL)
$5,765,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±10% · vs last sale $3.70M (Mar 7 2025)
Last sale anchor
$3.70M
Mar 7 2025
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
$465 / 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
$55,195
Tax year 2024
Assessed value
$521,100
Assessed 2024
Previous assessed
$607,680
-14.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$198,000
Assessed improvement
$323,100
Land market value
$440,000
Improvement market value
$718,000
Total market value
$1,158,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
1
Stories
3
Units
10
Total area
7,696 SF
Lot
0.13 ac (5,643 SF)
Zoning code
R3-2
APN
05008-0019
UPID
US63-1851808
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Flushing, NY
Zoning R3-2 · permitted uses
R3-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
3
Buildings
1
Units
10
Lot
0.13 ac
Current owner
From public records · entity-resolved
16104 Sanford LLC
Entity
Mailing address
492 OLD COURTHOUSE RD, MANHASSET HILLS, NY 11040-1142
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$3,700,000
16104 Sanford LLC
35-02 150th Place LLC
Deed
$3,145,000 · Bank Of Hope
Aug 3, 2018
—
35-02 150th Place LLC
—
Deed
related
$433,609 · Bank Of Hope
Aug 23, 2004
—
35-02 150th Place LLC
Kim,chie Ja & Sung U
Grant Deed
related
—
—
—
35-02 150th Place LLC
—
Deed Of Trust
related
$499,000 · Wilshire State Bank
—
—
35-02 150th Place LLC
—
Loan Modification
related
$433,609 · Bank Of Hope
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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