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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail residential properties
3988 White Plns Rd Bronx, NY 10466-3002
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-3477247
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1928
Total area
2,169 SF
Lot
0.03 ac (1,398 SF)
Zoning code
R6
APN
04839-0051
UPID
US63-3477247
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$545k
Owner & transaction history
White Plains Road Holdings LLC · 10 yrs held
White Plains Road Holdings LLC
since 2016
4 recorded transactions
Zoning & alternative use
R6 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$840,000
+57.2%
Office building
$790,000
+47.9%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
WAREHOUSE, STORAGE
$840,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$251 / 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
$15,443
Tax year 2024
Assessed value
$146,160
Assessed 2024
Previous assessed
$144,000
+1.5% YoY
Effective rate
10.57%
On assessed value
Assessed land
$31,500
Assessed improvement
$114,660
Land market value
$70,000
Improvement market value
$254,000
Total market value
$324,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
2,169 SF
Lot
0.03 ac (1,398 SF)
Zoning code
R6
APN
04839-0051
UPID
US63-3477247
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Bronx, NY
Zoning R6 · permitted uses
R6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
WAREHOUSE, STORAGE
Est. value
$840,000
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1928
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
White Plains Road Holdings LLC
Entity
Mailing address
369 GLOUCESTER ST, ENGLEWOOD, NJ 07631-4707
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
—
Magenta Realty LLC
—
Loan Modification, Consolidation And Extension
related
$1,735,000 · Flushing Bk
Jun 10, 2016
$410,000
White Plains Road Holdings LLC
Mitchell,deloris
Grant Deed
—
—
—
Deloris Mitchell
—
Deed Of Trust
related
$300,000 · Hsbc Bank USA
—
—
Magenta Realty LLC
—
Deed Of Trust
related
$794,203 · Flushing Bk
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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