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Property profile & analytics

502 183rd St Bronx, NY 10458-7977

  • Auto shops
  • 2,400 SF
  • 0.09 lot acres
OFF-MARKET
Last Sale
May 01, 2023
$575,000
Value Estimations
$505,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-0719495
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Intergalaxis Driving School / Driving School

Property Details for 502 183rd St

Year built
1901
Lot size
0.09 lot acres
Property size
2,400 SF
Zone code
R6A
Property type
Auto shops
APN
03050-0069
APU
30500069

Description

This exceptional 800-square-foot retail space is ideally situated in the vibrant Belmont neighborhood of the Bronx, New York. Located at 502 East 183rd Street, this single-tenant property offers unparalleled access to a bustling community and convenient transportation options. The property benefits from its proximity to the 182nd-183rd Street subway station, serviced by the B and D trains, ensuring easy commutes for both employees and customers. Numerous bus lines, including the Bx15, Bx40, Bx41, Bx42, and Bx41-SBS, further enhance accessibility. The location is also strategically positioned between East 183rd Street and East 182nd Street, placing it within a high-traffic area. The property's immediate vicinity boasts a diverse range of established businesses, including Enterprise Rent-A-Car, Dollar Tree, Domino's Pizza, the United States Postal Service, Fiesta Lounge and Restaurant, Healthy Bronx Rx Corp, Total Wireless, and the Salvation Army Community Center. Furthermore, the presence of St. Barnabas Hospital, Medassure Pharmacy, SBH Healthplex Fitness Center, and P.S. 59 - The Community School of Technology, contributes to a strong and stable local economy. The property is also conveniently located just down the block from PS 23, ensuring a consistent flow of foot traffic. This prime retail space presents a unique opportunity for businesses seeking a thriving location with excellent visibility and accessibility within a well-established community. The property is zoned for retail use.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $510,000
    ML approach
    $575,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $390,000
    Market price range: $129k - $640k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Bronx
County
Bronx
State
New York
Longitude
-73.8926
Latitude
40.8546
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,824
$100,080
$39,870
$139,950
-
$207,000
$140,000
$347,000
More about this property
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