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    3579 Victory Blvd Staten Island, NY 10314
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    3579 Victory Blvd Staten Island, NY 10314

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    • Super regional malls
    • 10,560 SF
    • 0.47 lot acres
    For Sale
    $199,000
    View Listing →
    Staten Island Grocery Store Opportunity For Sale
    $199,000
    1,800 SF

    Staten Island Grocery Store Opportunity

    Three stores in a clean strip mall with high foot traffic.

    3579 Victory Boulevard, Staten Island, NY 10314
    View Listing
    Property ID
    US63-3360958
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pardon My Cheesesteak / Restaurant / Take-out & Catering
    • ATM / Atm
    • We Rock The Spectrum - Staten Island / Family Recreation Center
    • The Original Top Tomato / Specialty Food Shop / Supermarket
    • Brooklyn Bagels and Cafe / (Bike/Boat/Book/etc) Store / Bakery

    Property Details for 3579 Victory Blvd

    Year built
    1987
    Lot size
    0.47 lot acres
    Property size
    10,560 SF
    Zone code
    M1-1
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    02162-0187
    APU
    21620187

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1771
    Latitude
    40.6012
    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
    $80,743
    $277,650
    $484,650
    $762,300
    -
    $617,000
    $1,077,000
    $1,694,000

    Comparable in this City

    • Value Estimation
      $1,010,000
      56,410 SF

      2295 Richmond Ave

      REGIONAL SHOPPING CENTER, MALL • 56,410 SF
      2295 Richmond Ave, Staten Island, NY 10314-3903
      View Details
    • Value Estimation
      $1,330,000
      127,786 SF

      2845 Richmond Ave, Unit 2893

      REGIONAL SHOPPING CENTER, MALL • 127,786 SF
      2845 Richmond Ave, Staten Island, NY 10314-5883
      View Details
    • Value Estimation by Request
      28,250 SF

      2025 Richmond Ave

      REGIONAL SHOPPING CENTER, MALL • 28,250 SF
      2025 Richmond Ave, Staten Island, NY 10314-3937
      View Details
    • Value Estimation by Request
      20,674 SF

      3801 Victory Blvd

      REGIONAL SHOPPING CENTER, MALL • 20,674 SF
      3801 Victory Blvd, Staten Island, NY 10314-6776
      View Details
    • Value Estimation
      $10,580,000
      1,258,042 SF

      2655 Richmond Ave

      REGIONAL SHOPPING CENTER, MALL • 1,258,042 SF
      2655 Richmond Ave, Staten Island, NY 10314-5821
      View Details
    • Value Estimation by Request
      16,292 SF

      2456 Richmond Ave

      REGIONAL SHOPPING CENTER, MALL • 16,292 SF
      2456 Richmond Ave, Staten Island, NY 10314-6028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Fully Occupied Staten Island Plaza

      8-unit shopping plaza in high-traffic Staten Island location.
      3785 Victory Blvd, Staten Island, NY 10314
      View Details
    • $280,000
      1,600 SF

      Established Gift Shop on Staten

      Turnkey gift shop with high profit margin for sale.
      933 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing
      4,809 SF

      Fully Leased Mixed-Use Investment

      Turnkey property with retail and office spaces, excellent income.
      2230 Victory Blvd, Staten Island, NY 10314
      View Details
    • Contact for pricing
      12,458 SF

      Staten Island Retail Storefront Opportunity

      Prime Retail Space, High Occupancy, Excellent Condition
      1931 Richmond Ave, Staten Island, NY 10314
      View Details
    • $199,000
      1,800 SF

      Staten Island Grocery Store Opportunity

      Three stores in a clean strip mall with high foot traffic.
      3579 Victory Blvd, Staten Island, NY 10314
      View Details
    • $8,600,000
      7,356 SF

      Staten Island Retail Investment

      Walgreens-anchored, high-traffic location.
      2191 Richmond Ave, Staten Island, NY 10314
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,522 SF

      Staten Island Retail Space Available

      Retail space for rent in a high-traffic Staten Island location.
      2795 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Retail Space in Coral Island

      Neighborhood shopping center at a busy Staten Island intersection.
      1650 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail space on a busy street with on-site parking.
      1931 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Manor Road Retail Space Available

      Retail space in busy shopping plaza, dense residential area.
      923 Manor Rd, Staten Island, NY 10314
      View Details
    • Contact for pricing
      6,927 SF

      Versatile Commercial Building on Victory

      Adaptable commercial building in a prime Staten Island location.
      1731 Victory Blvd, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Staten Island Retail Space Available

      Retail space on Victory Blvd with high traffic.
      1755 Victory Blvd, Staten Island, NY 10314
      View Details
    View Listing
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    3579 Victory Blvd
    Staten Island, NY 10314
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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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