Entity Owned Property summary
AI-generated overview
The Shops at Grand Avenue is a retail shopping center totaling approximately 99,975 square feet, anchored by a Stop & Shop. The center is located in Maspeth, Queens, New York, less than five miles east of Manhattan. The property provides over 336 parking spaces, including 252 rooftop parking spaces, supporting on-site vehicle access and circulation. The center is configured to accommodate multiple retail tenants and includes retail space; a specific 2,024-square-foot unit is identified as available for retail use.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1996
Total area
47,583 SF
Lot
2.12 ac (92,391 SF)
Zoning code
M1-1
APN
02492-0079
UPID
US63-0801512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Cosmetic Store
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$48.25M
CAP Approach
CAP
$33.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.25M
Owner & transaction history
since 2024
Last sale
$48.3M
3 recorded transactions
Zoning & alternative use
M1-1 · 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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$48.25M
Value range
$43.43M – $53.08M
±10% around blend
Estimated value / SF
$1,014 / SF
Confidence
Property data
100
Comparable evidence
60
$43.43M
blend $48.25M
$53.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
47,583 SF
Lot area
2.12 ac
Year built
1996
Stories
1
APN
02492-0079
Zoning
M1-1
Assessed value
$6,354,900
Annual tax
$640,433
3
Income approach: direct capitalization
Partial preview
Income approach indication
$33.88M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$36.71M
@ 6.5% CAP return
$33.88M
@ 7% CAP return
$31.46M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$48.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
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
Not available
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.60%
Implied, in-place cap rate for this super regional malls
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 · 4.60%
9.0%
NOI (est.)
$3.38M *
Last sale · May 2024
$48.25M
* 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$73.42M
Move the market yield to see immediate price impact.
Value / SF
$1,543
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
4.10%4.60%5.10%
$3.04M
$74.14M
$66.08M
$59.60M
$3.38M
$82.38M
$73.42M
$66.23M
$3.72M
$90.62M
$80.77M
$72.85M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$640,433
Tax year 2024
Assessed value
$6,354,900
Assessed 2024
Previous assessed
$6,060,060
+4.9% YoY
Effective rate
10.08%
On assessed value
Assessed land
$2,259,000
Assessed improvement
$4,095,900
Land market value
$5,020,000
Improvement market value
$9,102,000
Total market value
$14,122,000
Applied tax rate
4.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
1
Stories
1
Units
9
Total area
47,583 SF
Lot
2.12 ac (92,391 SF)
Zoning code
M1-1
APN
02492-0079
UPID
US63-0801512
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Flushing, NYZoning M1-1 · permitted uses
M1-1 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Buildings
1
Units
9
Lot
2.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
Flushing, NY
Recorded code
M1-1
Ownership Intelligence
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What opens after registration
Ownership report
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.
They do not confirm beneficial ownership or intent to transact.
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