6638 Fresh Pond Rd Flushing, NY 11385-3305
Entity Owned
2-yr Hold
Free & Clear
Estimated value (blended)
$955k
Range $860k – $1.05M (±10%)
Implied cap rate
4.50%
In-place · NOI ÷ last sale
Property ID
US63-0801631
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
3,355 SF
Lot
0.05 ac (2,096 SF)
Zoning code
R6B
APN
03528-0079
UPID
US63-0801631
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$955k
Owner & transaction history
since 2024
Last sale
$956,666
1 recorded transaction
Zoning & alternative use
R6B · 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.
All 23 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$955k
Value range
$860k – $1.05M
±10% around blend
Estimated value / SF
$285 / SF
Confidence
High
23 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$860k
blend $955k
$1.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,355 SF
Lot area
0.05 ac
Year built
1931
Stories
3
APN
03528-0079
Assessed value
$61,080
Annual tax
$9,326
3
Income approach: direct capitalization
Partial preview
Income approach indication
$665k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$720k
@ 6.5% CAP return
$665k
@ 7% CAP return
$615k
4
Sales comparison
Partial preview
Sales approach indication
$1.26M
Weighted, 20 comps · high confidence
Evidence
23 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 4,332 SF
0.9 mi away · 3,100 SF
1.1 mi away · 2,962 SF
1.2 mi away · 2,500 SF
1.2 mi away · 3,030 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$955k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 150 sales
$360
-21%
Submarket 1035 sales
$450
-37%
County 1912 sales
$386
-26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $285/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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 23 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
4.50%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$67k *
Last sale · May 2024
$957k
* 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$1.49M
Move the market yield to see immediate price impact.
Value / SF
$444
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
4.00%4.50%5.00%
$60k
$1.51M
$1.34M
$1.21M
$67k
$1.67M
$1.49M
$1.34M
$74k
$1.84M
$1.64M
$1.47M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
23 found
High confidence · county-verified
Closest comparable
$1.43M
0.3 mi · Dec 2025 · $358/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,326
Tax year 2024
Assessed value
$61,080
Assessed 2024
Previous assessed
$43,805
+39.4% YoY
Effective rate
15.27%
On assessed value
Assessed land
$16,380
Assessed improvement
$44,700
Land market value
$273,000
Improvement market value
$745,000
Total market value
$1,018,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
3,355 SF
Lot
0.05 ac (2,096 SF)
Zoning code
R6B
APN
03528-0079
UPID
US63-0801631
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Flushing, NYZoning R6B · permitted uses
R6B · 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
1931
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6B
Jurisdiction
Flushing, NY
Recorded code
R6B
Ownership Intelligence
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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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