Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a 43,500-square-foot industrial property in the thriving Mott Haven section of The Bronx, New York (APN 2600-79). The property boasts a 26,000-square-foot warehouse featuring a 30-foot ceiling height, four drive-in doors, and substantial utility services including 2,500 amps of electrical service and heavy gas service. A 5,250-square-foot mezzanine adds valuable extra space. An additional 17,500 square feet of land provides significant development potential. The property benefits from street-to-street access and a highly convenient location near five major highways, offering easy access to Manhattan and other key areas. The M1-3 zoning allows for a Commercial FAR of 5 (217,500 buildable square feet) and a Facility FAR of 6.5 (282,750 buildable square feet), presenting substantial upside for future development. Annual real estate taxes are approximately $110,000. This is a rare chance to acquire a well-located, versatile industrial property with significant growth potential in a rapidly developing market.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1925
Total area
27,000 SF
Lot
0.98 ac (42,500 SF)
Zoning code
M1-3
APN
02600-0079
UPID
US63-2061578
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.84M
Blend (final)
Blend
$8.93M
Owner & transaction history
since 2023
Last sale
$8.2M
3 recorded transactions
Zoning & alternative use
M1-3 · Bronx, 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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.93M
Value range
$8.04M – $9.82M
±10% around blend
Estimated value / SF
$331 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$8.04M
blend $8.93M
$9.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,000 SF
Lot area
0.98 ac
Year built
1925
Stories
1
APN
02600-0079
Zoning
M1-3
Assessed value
$1,031,310
Annual tax
$109,236
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.96M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.4 mi away · 27,800 SF
8.0 mi away · 24,029 SF
10.3 mi away · 29,300 SF
11.1 mi away · 34,512 SF
12.7 mi away · 26,378 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.93M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 99 sales
$388
-15%
County 99 sales
$388
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $331/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
County record
Operating expenses
Not available
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: replacement-cost inputs are not on file.
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
Comparable evidence · 12 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.30%
Implied, in-place cap rate for this warehouses
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 · 8.30%
9.0%
NOI (est.)
$574k *
Last sale · Jan 2025
$8.20M
* 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$6.92M
Move the market yield to see immediate price impact.
Value / SF
$256
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
7.80%8.30%8.80%
$517k
$6.62M
$6.22M
$5.87M
$574k
$7.36M
$6.92M
$6.52M
$631k
$8.09M
$7.61M
$7.17M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$6.00M
5.1 mi · Feb 2026 · $294/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$109,236
Tax year 2024
Assessed value
$1,031,310
Assessed 2024
Previous assessed
$995,310
+3.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$137,250
Assessed improvement
$894,060
Land market value
$305,000
Improvement market value
$2,303,000
Total market value
$2,608,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
27,000 SF
Lot
0.98 ac (42,500 SF)
Zoning code
M1-3
APN
02600-0079
UPID
US63-2061578
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-3 · Bronx, NYZoning M1-3 · permitted uses
M1-3 · 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
1925
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-3
Jurisdiction
Bronx, NY
Recorded code
M1-3
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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