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Property profile & analytics
OFF-MARKET
Estimated value
$5,520,000
Manufacturing properties
476 Timpson Pl Bronx, NY 10455-4908
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-5984065
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1941
Total area
20,209 SF
Lot
0.71 ac (30,917 SF)
Zoning code
M1-3
APN
02600-0089
UPID
US63-5984065
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
-
Mechanical Heating Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.54M
Blend (final)
Blend
$5.52M
Owner & transaction history
Mel-mar Realty Corp · 20 yrs held
Mel-mar Realty Corp
since 2006
7 recorded transactions
Zoning & alternative use
M1-3 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.8M
+4.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,510,000
Current use
WAREHOUSE, STORAGE
$7,835,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$7,370,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$5.52M
Range $4.97M – $6.07M · ±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
$273 / 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
$79,113
Tax year 2024
Assessed value
$746,910
Assessed 2024
Previous assessed
$729,810
+2.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$139,500
Assessed improvement
$607,410
Land market value
$310,000
Improvement market value
$1,495,000
Total market value
$1,805,000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1941
Heating
NONE
Buildings
1
Stories
1
Units
3
Total area
20,209 SF
Lot
0.71 ac (30,917 SF)
Zoning code
M1-3
APN
02600-0089
UPID
US63-5984065
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.4M
INDUSTRIAL (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
1941
Heating
NONE
Stories
1
Buildings
1
Units
3
Lot
0.71 ac
Current owner
From public records · entity-resolved
Mel-mar Realty Corp
Entity
Mailing address
476 TIMPSON PL, BRONX, NY 10455-4908
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Mel-mar Realty Corp
—
Deed
related
$995,106 · Ponce Bk
Nov 29, 2017
—
Mel-mar Realty Corp
—
Loan Modification, Consolidation And Extension
related
$1,300,000 · Mahopac Bk
Aug 29, 2006
—
Mel-mar Realty Corp
—
Trustees Deed
related
$620,000 · Bronx Initiative Corp
Feb 21, 2006
$700,000
Mel-mar Realty Corp
Jrj Land Property Corp
Grant Deed
related
—
—
—
Mel-mar Realty Corp
—
Deed Of Trust
related
$640,000 · Business Initiative Corp Of Ny
—
—
Mel-mar Realty Corp
—
Loan Modification
related
$995,106 · Ponce Bk
—
—
Mel-mar Realty Corp
—
Deed Of Trust
related
$995,106 · Ponce Bk
—
—
Mel-mar Realty Corp
—
Deed Of Trust
related
$1,500,000 · Ponce Bk
—
—
Business Initiative Corp Of Ny
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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