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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Warehouses
5901 39th Ave, Flushing, NY 11377-2526
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-1281922
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
9,000 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R5B
APN
01214-0007
UPID
US63-1281922
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
-
Milad Corporation Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$1.04M
Owner & transaction history
Wilkoff Properties, LLC · 2 yrs held
Wilkoff Properties, LLC
since 2024
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
R5B · 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
$1,040,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$1,145,000
6.5%
$1,060,000
7%
$980,000
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.04M (Jun 10 2024)
Last sale anchor
$1.04M
Jun 10 2024
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
$116 / 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
$59,525
Tax year 2024
Assessed value
$615,600
Assessed 2024
Previous assessed
$551,450
+11.6% YoY
Effective rate
9.67%
On assessed value
Assessed land
$121,500
Assessed improvement
$494,100
Land market value
$270,000
Improvement market value
$1,098,000
Total market value
$1,368,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
9,000 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R5B
APN
01214-0007
UPID
US63-1281922
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Flushing, NY
Zoning R5B · permitted uses
R5B · 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.
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Wilkoff Properties, LLC
Entity
Free & Clear · 2 yrs held
Mailing address
27110 GRAND CENTRAL PKWY APT 18D, FLORAL PARK, NY 11005-1218
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
$1,040,000
Wilkoff Properties, LLC
The Robert Mark Walters Family Trus
Deed
—
Jun 10, 2024
—
Lockwood Construction Company LLC
Lockwood Construction Company LLC
Deed
related
—
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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