Entity Owned Property summary
AI-generated overview
The property is a corner retail site on East Tremont Avenue and Philip Avenue, offering wraparound frontage of over 230 feet along a signalized intersection with multiple points of ingress and egress. It is configured to support a drive-thru use and is associated with building options in the range of approximately 2,000 to 3,500 square feet, accompanied by on-site parking. The site is positioned for access to major regional corridors, including the Throgs Neck Bridge, Whitestone Bridge, Throgs Neck Expressway, Cross Bronx Expressway, I-95, and the Hutchinson River Parkway.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Total area
4,570 SF
Lot
0.12 ac (5,055 SF)
Zoning code
R3A
APN
05431-0027
UPID
US63-2598606
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
-
Physician
-
Medical Laboratory Blood Testing Service
-
Medical Clinic
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$495k
Owner & transaction history
Zoning & alternative use
R3A · Bronx, NY
Top alternative use upside
Office building
$1.7M
+53.9%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 51 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$495k
Value range
$446k – $545k
±10% around blend
Estimated value / SF
$108 / SF
Confidence
High
51 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$446k
blend $495k
$545k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,570 SF
Lot area
0.12 ac
Year built
1925
Stories
2
APN
05431-0027
Zoning
R3A
Assessed value
$359,390
Annual tax
$38,067
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.41M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.53M
@ 6.5% CAP return
$1.41M
@ 7% CAP return
$1.31M
4
Sales comparison
Partial preview
Sales approach indication
$1.67M
Weighted, 20 comps · high confidence
Evidence
51 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.5 mi away · 4,300 SF
3.3 mi away · 3,972 SF
3.3 mi away · 5,145 SF
3.6 mi away · 4,203 SF
3.6 mi away · 4,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$495k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 588 sales
$237
-54%
County 588 sales
$237
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $108/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+54%
vs current-use indication
Commercial (general) · 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
Modeled
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: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 51 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$359k
Move the market yield to see immediate price impact.
Value / SF
$79
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
5.00%7.00%9.00%
$23k
$453k
$323k
$252k
$25k
$503k
$359k
$280k
$28k
$553k
$395k
$307k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
51 found
High confidence · county-verified
Closest comparable
$2.33M
1.2 mi · Jan 2026 · $541/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$38,067
Tax year 2024
Assessed value
$359,390
Assessed 2024
Previous assessed
$356,400
+0.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$79,650
Assessed improvement
$279,740
Land market value
$177,000
Improvement market value
$676,000
Total market value
$853,000
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
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
4,570 SF
Lot
0.12 ac (5,055 SF)
Zoning code
R3A
APN
05431-0027
UPID
US63-2598606
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Bronx, NYZoning R3A · permitted uses
R3A · Bronx, 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
1925
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3A
Jurisdiction
Bronx, NY
Recorded code
R3A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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