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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Retail residential properties
8718 Avon St, Jamaica, NY 11432
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-5545009
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2011
Total area
14,298 SF
Lot
0.17 ac (7,460 SF)
Zoning code
R5
APN
09944-0014
UPID
US63-5545009
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
$4.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Avon Towers LLC · 2 yrs held
Avon Towers LLC
since 2024
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
R5 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.9M
+26.7%
Warehouse, storage
$6.4M
+17.7%
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
$4,750,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,415,000
Current use
INDUSTRIAL (GENERAL)
$6,860,000
Change: +27% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,375,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$5,290,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.75M (May 13 2024)
Last sale anchor
$4.75M
May 13 2024
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
$332 / 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
$46,362
Tax year 2024
Assessed value
$1,028,700
Assessed 2024
Previous assessed
$857,250
+20.0% YoY
Effective rate
4.51%
On assessed value
Assessed land
$207,450
Assessed improvement
$821,250
Land market value
$461,000
Improvement market value
$1,825,000
Total market value
$2,286,000
Applied tax rate
2.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Stories
4
Units
10
Total area
14,298 SF
Lot
0.17 ac (7,460 SF)
Zoning code
R5
APN
09944-0014
UPID
US63-5545009
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Jamaica, NY
Zoning R5 · permitted uses
R5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
4
Buildings
1
Units
10
Lot
0.17 ac
Current owner
From public records · entity-resolved
Avon Towers LLC
Entity
Mailing address
15026 78TH AVE, FLUSHING, NY 11367-3437
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
$4,750,000
Avon Towers LLC
Raja Business, INC.
Deed
$3,000,000 · Popular Bank
Aug 16, 2019
—
Raja Business INC
—
Deed
related
$169,666 · Habib American Bank
Nov 15, 2010
—
Raja Business INC
Raja,paymen A & Saima S
Quit Claim Deed
$4,300,000 · Crown Bank
Jan 22, 2008
$965,000
Sajjad H Raja
Noushad,abu
Grant Deed
$772,000 · Countrywide Bank
Apr 20, 2007
$880,000
Abu Noushad
Referee David L Cohen As
Deed
—
Jan 6, 2006
—
Willy Bercy
Waliullah,abul
Grant Deed
related
—
May 13, 2004
$800,000
Abul Waliullah
Henry,hubert
Grant Deed
$600,000 · Wells Fargo Home Mortgage INC
—
—
Raja Business INC
—
Loan Modification
related
$2,400,000 · Habib American Bk
—
—
Abul Waliullah
—
Deed Of Trust
related
$120,000 · Wells Fargo Bank
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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