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64-16 Wetherole St, Queens, NY 11374
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Property summary
AI-generated overview
This mixed-use property is located in Rego Park, Queens, and has a total building size of 17,845 square feet. The property is configured to support commercial real estate uses.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2020
Total area
17,845 SF
Lot
0.09 ac (4,037 SF)
Zoning code
R7-1
APN
03096-0079
UPID
US63-1235471
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.54M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.34M
Owner & transaction history
since 2019
6 recorded transactions
Zoning & alternative use
R7-1 · Flushing, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 20 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.34M
Value range
$3.00M – $3.67M
±10% around blend
Estimated value / SF
$187 / SF
Confidence
High
20 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$3.00M
blend $3.34M
$3.67M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,845 SF
Lot area
0.09 ac
Year built
2020
Stories
7
APN
03096-0079
Zoning
R7-1
Assessed value
$1,455,750
Annual tax
$172,136
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.54M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.83M
@ 6.5% CAP return
$3.54M
@ 7% CAP return
$3.28M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$172,136
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$9.40M
Weighted, 20 comps · high confidence
Evidence
20 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.2 mi away · 20,899 SF
4.2 mi away · 16,380 SF
4.9 mi away · 16,236 SF
4.9 mi away · 19,750 SF
5.4 mi away · 21,770 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.34M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$300
-38%
Submarket 1035 sales
$450
-58%
County 1912 sales
$386
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $187/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 20 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.64%
Selected cap rate for this retail residential properties
Derived from the Queens market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.64%
9.0%
NOI (est.)
$436k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.98M
Move the market yield to see immediate price impact.
Value / SF
$672
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.14%3.64%4.14%
$393k
$12.50M
$10.79M
$9.48M
$436k
$13.89M
$11.98M
$10.54M
$480k
$15.28M
$13.18M
$11.59M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
20 found
High confidence · county-verified
Closest comparable
$2.60M
1.4 mi · Dec 2025 · $166/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$172,136
Tax year 2024
Assessed value
$1,455,750
Assessed 2024
Previous assessed
$1,141,659
+27.5% YoY
Effective rate
11.82%
On assessed value
Assessed land
$227,250
Assessed improvement
$1,228,500
Land market value
$505,000
Improvement market value
$2,730,000
Total market value
$3,235,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
2020
Heating
NONE
Buildings
1
Stories
7
Units
17
Total area
17,845 SF
Lot
0.09 ac (4,037 SF)
Zoning code
R7-1
APN
03096-0079
UPID
US63-1235471
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Flushing, NYZoning R7-1 · permitted uses
R7-1 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
7
Buildings
1
Units
17
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R7-1
Jurisdiction
Flushing, NY
Recorded code
R7-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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