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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Hotels
500 Exterior St Bronx, NY 10451-2007
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-2577755
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Total area
42,973 SF
Lot
0.16 ac (6,999 SF)
Zoning code
M14R8A
APN
02351-0021
UPID
US63-2577755
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
-
Weed Man Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$980k
Owner & transaction history
New Jai Ganesh Realty LLC · 6 yrs held
New Jai Ganesh Realty LLC
since 2020
7 recorded transactions
Zoning & alternative use
M14R8A · 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
Method
Estimation
Statistic approach
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,535,000
Current use
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$23 / 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
$336,575
Tax year 2024
Assessed value
$3,177,630
Assessed 2024
Previous assessed
$3,177,630
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$141,750
Assessed improvement
$3,035,880
Land market value
$315,000
Improvement market value
$7,171,000
Total market value
$7,486,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Stories
11
Units
1
Total area
42,973 SF
Lot
0.16 ac (6,999 SF)
Zoning code
M14R8A
APN
02351-0021
UPID
US63-2577755
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R8A · Bronx, NY
Zoning M14R8A · permitted uses
M14R8A · 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
HOTEL/MOTEL Current
Est. value
$1.5M
HOTEL/MOTEL Current
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
2011
Heating
NONE
Stories
11
Buildings
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
New Jai Ganesh Realty LLC
Entity
Free & Clear · 6 yrs held
Mailing address
500 EXTERIOR ST, BRONX, NY 10451-2007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 10, 2025
—
Jai Ganesh Realty, LLC
—
Deed
related
$59,538 · Hanmi Bank
Jan 10, 2020
—
New Jai Ganesh Realty LLC
Jai Ganesh Realty LLC
Correction Deed
related
—
Jan 16, 2019
—
New Jai Ganesh Realty LLC
Jai Ganesh Realty LLC
Quit Claim Deed
—
Aug 11, 2017
—
Jai Ganesh Realty LLC
—
Loan Modification
related
$9,447,106 · First Nat'l Bk/sthrn Ca
Jun 1, 2007
$3,000,000
Jai Ganesh Realty LLC
475 Gerard LLC
Grant Deed
—
—
—
Jai Ganesh Realty LLC
—
Deed Of Trust
related
$2,947,106 · Abp Capital II LLC Abp Capital II LLC
—
—
Jai Ganesh Realty LLC
—
Deed Of Trust
related
$4,699,000 · Abp Capital II LLC Abp Capital II LLC
—
—
Jai Ganesh Realty LLC
—
Deed Of Trust
related
$1,801,000 · Abp Capital II LLC Abp Capital II LLC
—
—
New Jai Ganesh Realty LLC
—
Deed Of Trust
related
$2,694,561 · Metropolitan Com'l 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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