Property profile

8285 Parsons Blvd Jamaica, NY 11432

OFF-MARKET
Motels
Property ID
US63-1564516
22,800 SF 0.36 ac lot Built 1973
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1973
Total area 22,800 SF
Lot 0.36 ac (15,600 SF)
Zoning code R5D
APN 06859-0005
UPID US63-1564516

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
  • Hotel & Motel

Location

8285 Parsons Blvd Jamaica, NY 11432-1048
Jamaica metro Census 126700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$667k
Blend (final) Blend
$735k

Owner & transaction history

since 2013
5 recorded transactions
2019
Price N/A
2013
$10.9M
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R5D · Jamaica, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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