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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Schools
447 Wales Ave, Bronx, NY 10455-4812
Entity Owned
3-yr Hold
Property ID
US63-4008698
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2023
Total area
45,282 SF
Lot
0.28 ac (12,308 SF)
Zoning code
R7-1
APN
02577-0063
UPID
US63-4008698
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
Current use
Occupant on record · Public records
-
Comp Sci High High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Civic Nyc Fund, INC. · 3 yrs held
Civic Nyc Fund, INC.
since 2023
5 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
Assessed value
$863,572
Assessed 2024
Previous assessed
$378,000
+128.5% YoY
Assessed land
$150,322
Assessed improvement
$713,250
Land market value
$800,000
Improvement market value
$1,585,000
Total market value
$2,385,000
Applied tax rate
1.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2023
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
45,282 SF
Lot
0.28 ac (12,308 SF)
Zoning code
R7-1
APN
02577-0063
UPID
US63-4008698
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · 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.
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Civic Nyc Fund, INC.
Entity
Mailing address
180 VARICK ST RM #1414, NEW YORK, NY 10014-5872
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2023
—
Civic Sb LLC
—
Deed
related
$34,766,206 · Cnmc Sub-cde 214, LLC
Apr 4, 2023
—
Civic Nyc Fund, INC.
Civic Builders, INC.
Deed
—
Sep 8, 2022
—
Civic Sb LLC
Civic Sb LLC
Deed
related
—
Apr 28, 2022
$1,550,000
Civic Sb LLC
Wales Project LLC
Deed
—
Dec 18, 2019
$1,525,000
Wales Project LLC
Elizabeth Toro
Grant Deed
$1,700,000 · Sands Cap LLC
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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