3820 Parsons Blvd Flushing, NY 11354
Retail residential properties
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Entity Owned
Free & Clear
For Sale
1 / 4
$1,790,800
3820 Parsons Blvd, Flushing, NY 11354
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Estimated value (blended)
$40.19M
Range $36.17M – $44.21M (±10%)
Property ID
US63-3929041
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2023
Total area
238,143 SF
Lot
1.01 ac (43,821 SF)
Zoning code
R6
APN
05022-0031
UPID
US63-3929041
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.19M
Owner & transaction history
since 2026
4 recorded transactions
Zoning & alternative use
R6 · Flushing, NY
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$40.19M
Value range
$36.17M – $44.21M
±10% around blend
Estimated value / SF
$169 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$36.17M
blend $40.19M
$44.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
238,143 SF
Lot area
1.01 ac
Year built
2023
Stories
7
APN
05022-0031
Assessed value
$4,087,800
Annual tax
$493,301
3
Income approach: direct capitalization
Partial preview
Income approach indication
$47.15M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$51.08M
@ 6.5% CAP return
$47.15M
@ 7% CAP return
$43.79M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$493,301
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$40.19M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 154 sales
$749
-77%
Submarket 1035 sales
$450
-62%
County 1912 sales
$386
-56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $169/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
42.49%
Selected cap rate for this retail residential properties
Derived from the Flushing market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$761k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.79M
Move the market yield to see immediate price impact.
Value / SF
$8
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
41.99%42.49%42.99%
$685k
$1.63M
$1.61M
$1.59M
$761k
$1.81M
$1.79M
$1.77M
$837k
$1.99M
$1.97M
$1.95M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$493,301
Tax year 2024
Assessed value
$4,087,800
Assessed 2024
Previous assessed
$835,740
+389.1% YoY
Effective rate
12.07%
On assessed value
Assessed land
$1,025,100
Assessed improvement
$3,062,700
Land market value
$2,278,000
Improvement market value
$6,806,000
Total market value
$9,084,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
2023
Heating
NONE
Buildings
1
Stories
7
Units
178
Total area
238,143 SF
Lot
1.01 ac (43,821 SF)
Zoning code
R6
APN
05022-0031
UPID
US63-3929041
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Flushing, NYZoning R6 · permitted uses
R6 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
7
Buildings
1
Units
178
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6
Jurisdiction
Flushing, NY
Recorded code
R6
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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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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