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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Retail space
5802 Northern Blvd Flushing, NY 11377-2225
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0179198
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
2,986 SF
Lot
0.12 ac (5,282 SF)
Zoning code
R5
APN
01182-0040
UPID
US63-0179198
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
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.08M
Owner & transaction history
58-02 Northern Blvd LLC · 6 yrs held
58-02 Northern Blvd LLC
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R5 · Flushing, 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 Flushing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flushing 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
$2,275,000
ML approach
$2,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,215,000
Current use
OFFICE BUILDING
$2,030,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $1.99M (May 11 2020)
Last sale anchor
$1.99M
May 11 2020
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
$697 / 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
$39,780
Tax year 2024
Assessed value
$383,400
Assessed 2024
Previous assessed
$358,650
+6.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$180,000
Assessed improvement
$203,400
Land market value
$400,000
Improvement market value
$452,000
Total market value
$852,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,986 SF
Lot
0.12 ac (5,282 SF)
Zoning code
R5
APN
01182-0040
UPID
US63-0179198
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Flushing, NY
Zoning R5 · permitted uses
R5 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flushing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES Current
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
1930
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
58-02 Northern Blvd LLC
Entity
Mailing address
13948 QUEENS BLVD, JAMAICA, NY 11435-2926
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2020
$990,000
58-02 Northern Blvd LLC
A Long LLC
Grant Deed
—
Apr 5, 2019
—
A Long LLC
—
Deed
related
$2,000,000 · Aristides Cap Corp
May 21, 2018
—
A Long LLC
—
Deed
related
$1,200,000 · Sb One Bank
Jan 18, 2017
—
A Long LLC
—
Deed
related
$1,500,000 · Tpec LLC
Jul 1, 2016
—
A Long LLC
—
Deed
related
$29,318 · Sussex Bank
Feb 1, 2007
$1,850,000
A Long LLC
Radovich,milan
Grant Deed
—
—
—
A Long LLC
—
Deed Of Trust
related
$500,000 · Aristides Cap Corp
—
—
A Long LLC
—
Loan Modification
related
$2,000,000 · Aristides Cap Corp
—
—
A Long LLC
—
Deed Of Trust
related
$1,350,000 · Country Bank
—
—
A Long LLC
—
Loan Modification, Consolidation And Extension
related
$950,000 · Sussex Bk
—
—
A Long LLC
—
Loan Modification
related
$1,120,970 · Country Bank
—
—
A Long LLC
—
Deed Of Trust
related
$550,000 · Tpec LLC
—
—
A Long LLC
—
Loan Modification, Consolidation And Extension
related
$1,500,000 · Tpec LLC
—
—
A Long LLC
—
Loan Modification
related
$2,700,000 · Sb One Bank
—
—
A Long LLC
—
Deed Of Trust
related
$1,200,000 · Sb One Bank
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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