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Property profile & analytics
OFF-MARKET
Estimated value
$5,260,000
Retail space
8265 Parsons Blvd, Jamaica, NY 11432-1048
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5257703
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
12,202 SF
Lot
0.49 ac (21,200 SF)
Zoning code
R5D
APN
06859-0014
UPID
US63-5257703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
$3.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.26M
Owner & transaction history
Parsons Retail LLC · 3 yrs held
Parsons Retail LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
R5D · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,900,000
ML approach
$4,765,000
CAP Approach
CAP Return
Estimation
6%
$3,630,000
6.5%
$3,350,000
7%
$3,110,000
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±10% · vs last sale $7.35M (Oct 27 2022)
Last sale anchor
$7.35M
Oct 27 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$431 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$92,535
Tax year 2024
Assessed value
$910,350
Assessed 2024
Previous assessed
$854,100
+6.6% YoY
Effective rate
10.16%
On assessed value
Assessed land
$297,450
Assessed improvement
$612,900
Land market value
$661,000
Improvement market value
$1,362,000
Total market value
$2,023,000
Applied tax rate
4.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
NONE
Buildings
1
Stories
1
Units
5
Total area
12,202 SF
Lot
0.49 ac (21,200 SF)
Zoning code
R5D
APN
06859-0014
UPID
US63-5257703
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Jamaica, NY
Zoning R5D · permitted uses
R5D · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Buildings
1
Units
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Parsons Retail LLC
Entity
Mailing address
PO BOX 320195, BROOKLYN, NY 11232-0195
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$7,350,000
Parsons Retail LLC
Cgjg Realty Corp.
Deed
$4,100,000 · Woori America Bank
Feb 15, 2017
—
Cgjg Realty Corp
—
Deed
related
$2,700,000 · Tristate Cap Bk
Sep 26, 2006
$4,500,100
Cgjg Realty Corp
82-75 Parsons Blvd LLC
Grant Deed
—
Aug 17, 2005
$3,550,000
82-75 Parsons Blvd LLC
82 65 Parsons Boulevard LLC
Grant Deed
$857,226 · Independence Community Bank
Aug 24, 2004
$2,850,000
82 65 Parsons Boulevard LLC
Manila Star Cafe INC
Grant Deed
$895,902 · Dime Savings Bank Williamsburg
—
—
Cgjg Realty Corp
—
Loan Modification, Consolidation And Extension
related
$2,700,000 · Ioannis M Zoitas
—
—
Cgjg Realty Corp
—
Deed Of Trust
related
$283,307 · Ioannis M Zoitas
—
—
Cgjg Realty Corp
—
Loan Modification
related
$2,700,000 · Tristate Cap Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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