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Property profile & analytics
OFF-MARKET
Estimated value
$7,020,000
Office buildings
8812 Merrick Blvd, Jamaica, NY 11432
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2440603
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Total area
202,900 SF
Lot
1.04 ac (45,520 SF)
Zoning code
C4-5X
APN
09815-0056
UPID
US63-2440603
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.02M
Owner & transaction history
Allied Jamaica LLC · 1 yrs held
Allied Jamaica LLC
since 2025
5 recorded transactions
Zoning & alternative use
C4-5X · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$35 / 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
$258,858
Tax year 2024
Assessed value
$11,613,150
Assessed 2024
Previous assessed
$10,151,550
+14.4% YoY
Effective rate
2.23%
On assessed value
Assessed land
$2,049,300
Assessed improvement
$9,563,850
Land market value
$4,554,000
Improvement market value
$21,253,000
Total market value
$25,807,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
1
Stories
10
Units
8
Total area
202,900 SF
Lot
1.04 ac (45,520 SF)
Zoning code
C4-5X
APN
09815-0056
UPID
US63-2440603
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-5X · Jamaica, NY
Zoning C4-5X · permitted uses
C4-5X · 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
1972
Heating
NONE
Stories
10
Buildings
1
Units
8
Lot
1.04 ac
Current owner
From public records · entity-resolved
Allied Jamaica LLC
Entity
Mailing address
11835 QUEENS BLVD STE #1600, FOREST HILLS, NY 11375-7251
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Allied Jamaica LLC
Jamaica Co Allied
Deed
related
$547,451 · Symetra Life Insurance Company
Nov 22, 2024
—
Dchscu Acquisition Holdings, LLC
Rcg Tower Group I, LLC
Deed
—
Mar 23, 2007
—
Allied Jamaica LLC
Allied Jamaica
Quit Claim Deed
related
—
—
—
Cap Fin Ladder
—
Loan Modification
related
$28,000,000 · Allied Jamaica LLC
—
—
Allied Jamaica LLC
—
Deed Of Trust
related
$16,000,000 · Td Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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