Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    550 187th St Bronx, NY 10458-6642
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    550 187th St Bronx, NY 10458-6642

    View on Map
    • Retail residential properties
    • 10,890 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US63-1770882
    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.
    Value Estimations
    $1,560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Doña mary / Grocery & Convenience Store / Specialty Food Shop
    • ATM / Atm
    • RLJ NUTRITION / Cafe & Coffee Shop
    • SevsideK / Church / Mosque
    • LJNUTRICION / (Bike/Boat/Book/etc) Store / Pharmacy

    Property Details for 550 187th St

    Year built
    1906
    Lot size
    0.06 lot acres
    Property size
    10,890 SF
    Zone code
    R6
    Property type
    Retail residential properties
    APN
    03054-0022
    APU
    30540022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,829,000
      Market price range: $1.83M - $4.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8891
    Latitude
    40.8562
    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
    $23,798
    $9,000
    $218,610
    $227,610
    -
    $20,000
    $403,000
    $423,000

    Comparable in this City

    • Value Estimation
      $880,000
      5,200 SF

      634 187th St

      STORES & APARTMENTS • 5,200 SF
      634 187th St, Bronx, NY 10458-6763
      View Details
    • Value Estimation
      $565,000
      2,327 SF

      659-661 Cres Ave

      STORES & APARTMENTS • 2,327 SF
      659-661 Cres Ave, Bronx, NY 10458
      View Details
    • Value Estimation
      $4,820,000
      31,200 SF

      400 199th St

      STORES & APARTMENTS • 31,200 SF
      400 199th St, Bronx, NY 10458-2911
      View Details
    • Value Estimation
      $1,980,000
      9,260 SF

      305 Kingsbridge Rd

      STORE/OFFICE (MIXED USE) • 9,260 SF
      305 Kingsbridge Rd, Bronx, NY 10458-4467
      View Details
    • Value Estimation
      $16,505,000
      106,146 SF

      3010 Grand Concourse

      STORES & APARTMENTS • 106,146 SF
      3010 Grand Concourse, Bronx, NY 10458-1504
      View Details
    • Value Estimation
      $10,990,000
      58,931 SF

      2490 Webster Ave

      STORES & APARTMENTS • 58,931 SF
      2490 Webster Ave, Bronx, NY 10458-5509
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,940 SF

      Mixed-Use Property in Bronx

      Mixed-use property with commercial potential in the Bronx.
      2349 Arthur Ave, Bronx, NY 10458
      View Details
    • Contact for pricing
      65,241 SF

      Bronx Mixed-Use and Residential Portfolio

      Portfolio of mixed-use and residential buildings near Fordham University.
      2415 Arthur Ave, Bronx, NY 10458
      View Details
    • Contact for pricing
      12,700 SF

      Belmont Corner Property Near Arthur

      Corner property in Belmont, near Arthur Avenue, suitable for various uses.
      4663 3Rd Ave, Bronx, NY 10458
      View Details
    • $899,000

      Bronx Two-Family Residence

      Well-maintained duplex in Belmont, ideal for owners or investors.
      2420 Cambreleng Ave, Bronx, NY 10458
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,336 SF

      Bronx Mixed-Use Development Space

      Multi-level retail space in the heart of the Bronx.
      400-402 E Fordham Rd, Bronx, NY 10458
      View Details
    • $45 SF/Yr
      40,000 SF

      East Fordham Road Office Building

      40,000 SF Office Space - Bronx, NY
      696 Fordham Rd, The Bronx, NY 10458
      View Details
    • Contact for pricing

      Retail Space on Grand Concourse

      Single tenant retail space available for rent in Bronx.
      2340 Grand Concourse, Bronx, NY 10458
      View Details
    • Contact for pricing
      34,906 SF

      Office Space in Bronx Plaza

      34,906 square feet of office space available for rent.
      1 Fordham Plz, Bronx, NY 10458
      View Details
    • Contact for pricing

      Turnkey Radiology Lab for Rent

      Fully equipped radiology lab available for rent in Bronx.
      420 East 189Th St, Bronx, NY 10458
      View Details
    • Contact for pricing
      20,842 SF

      Retail Space on Fordham Road

      Prime retail space available in a high-traffic Bronx location.
      270 East Fordham Rd, Bronx, NY 10458
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 187th St
    Bronx, NY 10458-6642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!