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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Medical Office Space
3544 Jerome Ave 3550, Bronx, NY 10467-1005
Entity Owned
30-yr Hold
Free & Clear
Property ID
US63-1331709
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1972
Total area
17,940 SF
Lot
0.34 ac (15,000 SF)
Zoning code
R7-1
APN
03328-0025
UPID
US63-1331709
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
-
Dr. Nickisha Berlus, MD Pediatrician Physician
-
Dr. Justin Sanders, MD Pediatrician Physician
-
Department of Family Medicine Medical Clinic
-
Oladimeji Oki Medical School
-
Marcia B. Kimeldorf, PHD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.07M
Owner & transaction history
3544 Jerome Ave LLC · 30 yrs held
3544 Jerome Ave LLC
since 1996
2 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+44.8%
Commercial (general)
$1.5M
+34.2%
Warehouse, storage
$1.2M
+5.2%
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 Bronx submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bronx 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,150,000
Current use
OFFICE BUILDING
$1,665,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,545,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$1,210,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,150,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$59 / 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
$204,250
Tax year 2024
Assessed value
$1,928,340
Assessed 2024
Previous assessed
$1,933,650
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$156,150
Assessed improvement
$1,772,190
Land market value
$347,000
Improvement market value
$4,121,000
Total market value
$4,468,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
17,940 SF
Lot
0.34 ac (15,000 SF)
Zoning code
R7-1
APN
03328-0025
UPID
US63-1331709
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bronx. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (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
1972
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
3544 Jerome Ave LLC
Entity
Free & Clear · 30 yrs held
Mailing address
218 W LINCOLN AVE, MOUNT VERNON, NY 10550-1255
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 1996
—
3544 Jerome Ave LLC
Canzone,elizabeth
Grant Deed
related
—
—
—
3544 Jerome Ave LLC
—
Deed Of Trust
related
$1,522,789 · City & Suburban Fsb
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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