Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    371 138th St Bronx, NY 10454-3027

    • Retail residential properties
    • 9,185 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,525,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5593007
    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.

    Current Use by Public Records

    • NOTARY PUBLIC / Law Firm
    • TAX 4 LESS MULTI-SERVICE / Tax Preparation
    • Ria Money Transfer - B & R Service / Bank / Credit Union
    • New Look Beauty Salon / Hair Salon / Nail Salon

    Property Details for 371 138th St

    Year built
    1920
    Lot size
    0.06 lot acres
    Property size
    9,185 SF
    Zone code
    R6
    Property type
    Retail residential properties
    APN
    02301-0037
    APU
    23010037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9236
    Latitude
    40.8097
    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
    $0.00
    $12,600
    $274,140
    $286,740
    -
    $28,000
    $629,000
    $657,000

    Comparable in this City

    • Value Estimation
      $1,270,000
      9,155 SF

      383 138th St

      STORES & APARTMENTS • 9,155 SF
      383 138th St, Bronx, NY 10454-3032
      View Details
    • Value Estimation
      $24,060,000
      145,936 SF

      430 138th St, Unit 440

      STORES & APARTMENTS • 145,936 SF
      430 138th St, Bronx, NY 10454-4944
      View Details
    • Value Estimation
      $14,350,000
      67,609 SF

      235 Brk Ave, Unit 245

      STORES & APARTMENTS • 67,609 SF
      235 Brk Ave, Bronx, NY 10454-2689
      View Details
    • Value Estimation
      $27,005,000
      417,664 SF

      138 Bruckner Blvd

      STORES & APARTMENTS • 417,664 SF
      138 Bruckner Blvd, Bronx, NY 10454-4620
      View Details
    • Value Estimation
      $3,330,000
      13,083 SF

      389 138th St

      STORES & APARTMENTS • 13,083 SF
      389 138th St, Bronx, NY 10454-3099
      View Details
    • Value Estimation
      $1,495,000
      9,280 SF

      357 138th St

      STORES & APARTMENTS • 9,280 SF
      357 138th St, Bronx, NY 10454-3010
      View Details

    Similar Nearby for Sale

    • $3,300,000
      6,386 SF

      Mott Haven Mixed-Use Investment

      Prime Bronx location, high NOI, strong cap rate.
      2582 3Rd Ave, The Bronx, NY 10454
      View Details
    • $2,799,000
      8,328 SF

      Bronx Mixed-Use Corner Building

      Mixed-use building with retail and residential units in prime location.
      408 East 138Th St, Bronx, NY 10454
      View Details
    • $2,000,000
      0.06 Acres

      Bronx Mixed-Use Investment Opportunity

      Mixed-use building with 8 apartments and one store for sale.
      536 E 138Th St, Bronx, NY 10454
      View Details
    • $815,000

      Bronx Duplex with Multiple Units

      Two-family duplex featuring two- and three-bedroom units.
      596 Beech Ter. Beech Ter, Bronx, NY 10454
      View Details
    • $2,600,000
      Pending

      Bronx Multifamily Investment Opportunity

      Well-maintained property with 29 residential units and two commercial spaces.
      143 Lincoln Ave, Bronx, NY 10454
      View Details
    • $2,000,000
      3,900 SF

      Bronx Multifamily Investment Opportunity

      Six-unit building, high occupancy, strong NOI.
      743 136Th St, Bronx, NY 10454
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      7,660 SF

      Prime Bronx Medical Office Space

      7,660 SF, Flexible Lease Options
      2598 3 Ave The, The Bronx, NY 10454
      View Details
    • $6,666 /Mo
      4,000 SF

      Bronx Warehouse Space Available

      4,000 SF warehouse space for lease in the Bronx.
      800 E 136Th St, Bronx, NY 10454
      View Details
    • Contact for pricing
      18,668 SF

      Bruckner Blvd Warehouse and Distribution

      26,793 SF warehouse and distribution facility in the Bronx.
      307-315 Bruckner Blvd, Bronx, NY 10454
      View Details
    • $22 SF/Yr
      1,500 SF

      Renovated South Bronx Office Loft

      Turn-of-the-century, renovated office building near transportation.
      26 Bruckner Blvd, Bronx, NY 10454
      View Details
    • Contact for pricing
      5,000 SF

      Prime Bronx Warehouse - 5,000 SF

      Spacious warehouse, ideal for various uses.
      225 Willow Ave, The Bronx, NY 10454
      View Details
    • $75 SF/Yr
      894 SF

      Third Avenue Office Space

      894 sq ft Upper East Side Office
      0 Office Spc On 3 Ave, New York, NY 10454
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    371 138th St
    Bronx, NY 10454-3027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.