Entity Owned Property summary
AI-generated overview
This exceptional 2,000 square foot retail space is ideally situated in the vibrant Belmont neighborhood of the Bronx, New York. Located on Third Avenue between East 181st and East 182nd Streets, this single-tenant property offers unparalleled accessibility. The property benefits from high foot traffic and proximity to the 182-183 Streets subway station (B & D trains), ensuring convenient access for customers and employees. Numerous bus lines also serve the area, including the BX15, BX40, BX42, BX41-SBS, BX41, and BX17. The location boasts a strong mix of established businesses, creating a thriving commercial environment. Nearby tenants include a diverse range of businesses, such as New Palace Paint And Supply, Salvation Army Community Center, Antojitos Elohim, 7-Eleven, Cachapa Cachapa, Frank's Sports Shop, Bravo Supermarkets, White Castle, Hawaii Lounge and Tapas Bar, McDonald's, Popeyes Louisiana Kitchen, Boost Mobile, Enzo's of Arthur Avenue, and Zero Otto Nove. This property presents a unique opportunity for a business seeking a high-visibility location in a densely populated and commercially active area of the Bronx. The property includes a backyard area, adding further value and potential for outdoor use. The property is categorized as retail space with a backyard, and is a single-tenant occupancy. The property is located in Bronx County, New York, with a zip code of 10457.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
6,000 SF
Lot
0.06 ac (2,500 SF)
Zoning code
C44D
APN
03048-0050
UPID
US63-5593001
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
-
Church
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C44D · Bronx, NY
Top alternative use upside
Warehouse, storage
$2.3M
+45.2%
Industrial (general)
$2.2M
+39.2%
Office building
$2.2M
+36.6%
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 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.72M
Value range
$1.55M – $1.89M
±10% around blend
Estimated value / SF
$287 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.55M
blend $1.72M
$1.89M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,000 SF
Lot area
0.06 ac
Year built
1931
Stories
3
APN
03048-0050
Zoning
C44D
Assessed value
$91,480
Annual tax
$11,437
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.85M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.01M
@ 6.5% CAP return
$1.85M
@ 7% CAP return
$1.72M
4
Sales comparison
Partial preview
Sales approach indication
$2.72M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.5 mi away · 4,500 SF
1.7 mi away · 4,300 SF
2.4 mi away · 4,916 SF
2.7 mi away · 6,600 SF
2.8 mi away · 7,562 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.72M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 42 sales
$267
+7%
Submarket 588 sales
$237
+21%
County 588 sales
$237
+21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $287/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+45%
vs current-use indication
Industrial (general)
Office Building
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 · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.00%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$105k *
Last sale · Oct 2020
$1.50M
* 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$1.50M
Move the market yield to see immediate price impact.
Value / SF
$250
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
6.50%7.00%7.50%
$95k
$1.45M
$1.35M
$1.26M
$105k
$1.62M
$1.50M
$1.40M
$116k
$1.78M
$1.65M
$1.54M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.55M
0.7 mi · Jan 2026 · $369/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,437
Tax year 2024
Assessed value
$91,480
Assessed 2024
Previous assessed
$84,704
+8.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$1,696
Assessed improvement
$89,784
Land market value
$21,000
Improvement market value
$1,112,000
Total market value
$1,133,000
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
6
Total area
6,000 SF
Lot
0.06 ac (2,500 SF)
Zoning code
C44D
APN
03048-0050
UPID
US63-5593001
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44D · Bronx, NYZoning C44D · permitted uses
C44D · 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
1931
Heating
NONE
Stories
3
Buildings
1
Units
6
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C44D
Jurisdiction
Bronx, NY
Recorded code
C44D
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
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.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4417 3rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Get access to Data & Analytics
Choose membership plan that suits your needs
Unlock Full Report
$9
one-time
Single Property Report
Full report includes
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
MOST POPULAR
Professional Plan
$99
/mo
30 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Enterprise Plan
$299
/mo
300 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Unlock Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Light report includes
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
Confirm your e-mail to get the report
