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Property profile & analytics
OFF-MARKET
Estimated value
$9,090,000
Retail residential properties
530 Wales Ave, Bronx, NY 10455
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3231888
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2018
Total area
52,717 SF
Lot
0.27 ac (11,667 SF)
Zoning code
R7-1
APN
02581-0016
UPID
US63-3231888
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.09M
Owner & transaction history
S.s. Pisa Corp · 1 yrs held
S.s. Pisa Corp
since 2025
6 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.1M
+8.4%
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
COMMERCIAL (GENERAL)
$10,280,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,145,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$9.09M
Range $8.18M – $10.00M · ±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
$172 / 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
$476,457
Tax year 2024
Assessed value
$4,088,728
Assessed 2024
Previous assessed
$3,745,800
+9.2% YoY
Effective rate
11.65%
On assessed value
Assessed land
$305,388
Assessed improvement
$3,783,340
Land market value
$678,000
Improvement market value
$7,791,000
Total market value
$8,469,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
1
Stories
7
Units
72
Total area
52,717 SF
Lot
0.27 ac (11,667 SF)
Zoning code
R7-1
APN
02581-0016
UPID
US63-3231888
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2018
Heating
NONE
Stories
7
Buildings
1
Units
72
Lot
0.27 ac
Current owner
From public records · entity-resolved
S.s. Pisa Corp
Entity
Mailing address
530 WALES AVE, BRONX, NY 10455
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
—
S.s. Pisa Corp
—
Deed
related
$6,433,000 · Northeast Community Bank
May 26, 2022
—
S.s. Pisa Corp
—
Deed
related
$887,000 · Northeast Community Bank
Jun 4, 2020
—
Ss Pisa Corp
—
Deed
related
$1,300,000 · Northeast Cmnty Bk
Jun 12, 2018
—
Ss Pisa Corp
—
Grant Deed
related
$11,380,000 · Northeast Cmnty Bk
—
—
Ss Pisa Corp
—
Loan Modification
related
$1,300,000 · Northeast Cmnty Bk
—
—
Ss Pisa Corp
—
Loan Modification
related
$11,380,000 · Northeast Cmnty 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.
Try Rey
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