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    Property profile & analytics

    749 135th St Bronx, NY 10454-3408

    • Industrial properties
    • 27,000 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3673786
    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

    • FreedomCare CDPAP - Bronx / Home Health Care Service
    • Security Camera Bronx / Security System Installation Service / Burglar Alarm Store
    • Alpine Learning Center / Learning Center
    • RD CARGO EXPRESS / Shipping Company
    • Kia’s Sweet Esthetics LLC / Hair Removal Service

    Property Details for 749 135th St

    Year built
    1906
    Lot size
    0.11 lot acres
    Property size
    27,000 SF
    Zone code
    M1-2
    Property type
    Industrial properties
    APN
    02564-0051
    APU
    25640051

    Description

    This exceptional office space, located at 749 E 135th St in the vibrant Port Morris neighborhood of the Bronx, offers a diverse range of built-out office suites to suit various business needs. Nineteen individual spaces are currently available, ranging in size from a compact 200 square feet to expansive 5,500 square foot options, providing flexibility for businesses of all scales. The building enjoys a prime corner location at the intersection of Willow Avenue, offering excellent visibility and accessibility. Its strategic position near the Cypress Avenue subway station (6 train) and the BX33 bus line ensures convenient commuting for employees and clients. The area boasts a thriving mix of established businesses and amenities, creating a dynamic and convenient work environment. Nearby businesses include The Bronx Brewery, Dunkin', Milk Burger, Dollar Tree, Shop Fair, T-Mobile, FoodFest Depot, Pio Pio, and NY Sluggers Academy, providing ample options for lunch breaks, after-work activities, and client meetings. This location offers a unique blend of urban energy and convenient access to public transportation, making it an ideal choice for businesses seeking a dynamic and well-connected office space in the Bronx. The multiple tenancy structure allows for a diverse community of businesses to thrive within the building. Inquire today to explore the available office suites and find the perfect space for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,108,000
      Market price range: $944k - $2.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9128
    Latitude
    40.8026
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $71,544
    $56,250
    $619,200
    $675,450
    -
    $125,000
    $1,532,000
    $1,657,000

    Comparable in this City

    • Value Estimation by Request

      710 139Th St

      Land
      710 139Th St, The Bronx, NY 10454
      View Details
    • Value Estimation
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      64,468 SF

      780 133rd St

      INDUSTRIAL (GENERAL) • 64,468 SF
      780 133rd St, Bronx, NY 10454-3503
      View Details
    • Value Estimation
      $3,560,000
      20,000 SF

      820 140th St

      INDUSTRIAL (GENERAL) • 20,000 SF
      820 140th St, Bronx, NY 10454-1904
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    • Value Estimation
      $350,000
      2,650 SF

      811 134th St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 2,650 SF
      811 134th St, Bronx, NY 10454-3531
      View Details
    • Value Estimation by Request
      30,000 SF

      656 133Rd St

      Distribution properties • 30,000 SF
      656 133Rd St, Bronx, NY 10454
      View Details
    • Value Estimation
      $765,000
      21,000 SF

      754 137th St

      INDUSTRIAL (GENERAL) • 21,000 SF
      754 137th St, Bronx, NY 10454-3403
      View Details

    Similar Nearby for Sale

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      35,500 SF

      Bronx Industrial Property For Sale

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      Bronx Warehouse: 20,500 SF

      Prime Port Morris warehouse, ideal for various uses.
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      28,250 SF

      Bronx Warehouse with Office Space

      28,250 SF warehouse with office and loading docks.
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      Bronx Warehouse with Lot Access

      Fireproof warehouse with lot access in opportunity zone.
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    Similar Nearby for Lease

    • $6,666 /Mo
      4,000 SF

      Bronx Warehouse Space Available

      4,000 SF warehouse space for lease in the Bronx.
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    • Contact for pricing
      18,668 SF

      Bruckner Blvd Warehouse and Distribution

      26,793 SF warehouse and distribution facility in the Bronx.
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      5,000 SF

      Prime Bronx Warehouse - 5,000 SF

      Spacious warehouse, ideal for various uses.
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    • $16 SF/Yr
      23,000 SF

      Industrial Space with Freight Elevator

      23,000 SF industrial space near transportation.
      780 E 134Th St, Bronx, NY 10454
      View Details
    • Contact for pricing
      10,000 SF

      Prime Bronx Warehouse For Lease

      10,000 SF Warehouse, Excellent Location
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      View Details
    • Contact for pricing
      43,000 SF

      Industrial Warehouse Space Available

      Industrial warehouse space available for rent.
      181-191 Bruckner Blvd, Bronx, NY 10454
      View Details
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    Bronx, NY 10454-3408
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    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
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