Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    603 Sheffield Ave Brooklyn, NY 11207

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0798345
    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

    • Commercial real estate

    Property Details for 603 Sheffield Ave

    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 603 Sheffield Avenue in the vibrant Brooklyn, New York, presents a compelling investment opportunity. The building is situated in zip code 11207, offering convenient access to the area's bustling amenities and diverse population. While the precise square footage is currently unavailable, the asking price is $899,000. This presents a unique chance to acquire a mixed-use asset in a rapidly developing neighborhood. The property's mixed-use designation allows for a variety of potential uses, catering to both residential and commercial needs, making it an attractive prospect for investors seeking diverse income streams or redevelopment potential. The property's location in Brooklyn, New York, within county 36047, offers significant advantages, including proximity to public transportation, local businesses, and a thriving community. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and suitability for your specific investment goals. The property's latitude and longitude coordinates are 40.6620583 and -73.8941331 respectively, allowing for easy location verification and further market research. This is a rare opportunity to acquire a mixed-use property in a high-demand area of Brooklyn. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    36047
    State
    New York
    Longitude
    -73.8941331
    Latitude
    40.6620583

    Comparable in this City

    • $850,000

      Prime Brooklyn Mixed-Use Opportunity

      Schenck Ave Investment - High Potential
      202 Schenck Ave, Brooklyn, NY 11207
      View Details
    • $1,350,000
      4,920 SF

      4,536 SF Commercial/Multifamily Investment Opportunity

      4,536 SF Commercial/Multifamily Investment Opportunity
      722 MILLER AVENUE, East New York, NY 11207
      View Details
    • $1,400,000

      Brooklyn Mixed-Use Development Opportunity

      Prime Brooklyn location with permits for mixed-use building.
      2719 Fulton St, Brooklyn, NY 11207
      View Details
    • New
      $1,825,000
      0.04 Acres

      Turnkey Brooklyn Mixed-Use Building

      Corner brick 3-family plus store in prime Bushwick.
      1144 Halsey St, Brooklyn, NY 11207
      View Details
    • $930,000
      Pending

      Brooklyn Mixed-Use Property For Sale

      Mixed-use property featuring retail space and renovated residential unit.
      427 New Lots Ave, Brooklyn, NY 11207
      View Details
    • $1,399,000
      2,926 SF

      Corner Building in Good Condition

      Mixed-use building featuring two apartments with three bedrooms each.
      640 Blake Ave, Brooklyn, NY 11207
      View Details

    Similar Nearby for Sale

    • $850,000

      Prime Brooklyn Mixed-Use Opportunity

      Schenck Ave Investment - High Potential
      202 Schenck Ave, Brooklyn, NY 11207
      View Details
    • $1,350,000
      4,920 SF

      4,536 SF Commercial/Multifamily Investment Opportunity

      4,536 SF Commercial/Multifamily Investment Opportunity
      722 MILLER AVENUE, East New York, NY 11207
      View Details
    • $1,400,000

      Brooklyn Mixed-Use Development Opportunity

      Prime Brooklyn location with permits for mixed-use building.
      2719 Fulton St, Brooklyn, NY 11207
      View Details
    • New
      $1,825,000
      0.04 Acres

      Turnkey Brooklyn Mixed-Use Building

      Corner brick 3-family plus store in prime Bushwick.
      1144 Halsey St, Brooklyn, NY 11207
      View Details
    • $930,000
      Pending

      Brooklyn Mixed-Use Property For Sale

      Mixed-use property featuring retail space and renovated residential unit.
      427 New Lots Ave, Brooklyn, NY 11207
      View Details
    • $1,399,000
      2,926 SF

      Corner Building in Good Condition

      Mixed-use building featuring two apartments with three bedrooms each.
      640 Blake Ave, Brooklyn, NY 11207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400,000 SF

      Prime East New York Office Space

      Modern Executive Offices, Broadway Junction
      2440 Fulton St, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      5,000 SF

      Flatlands Ave Retail Space - Brooklyn, NY

      Prime Retail/Medical Space Available in Starrett City
      12073 Flatlands Ave, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      128,000 SF

      Retail Space in Brooklyn Development

      Retail opportunity in a transformative, high-traffic Brooklyn development.
      12020 Flatlands Ave, Brooklyn, NY 11207
      View Details
    • $3,500 /Mo

      Vacant Lot in Bushwick, Brooklyn

      3,200 SF vacant lot for lease near "L" train.
      194 Moffat St, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      10,914 SF

      Daycare Center in New York

      10,914 SF daycare center with outdoor recreation area.
      683 Barbey St, Brooklyn, NY 11207
      View Details
    • Contact for pricing
      800 SF

      Brooklyn Retail Space for Rent

      Retail space in modern building with access to transportation.
      2746 Fulton St, Brooklyn, NY 11207
      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.
    603 Sheffield Ave
    Brooklyn, NY 11207
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.