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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Medical Office Space
8866 161st St Jamaica, NY 11432
Entity Owned
19-yr Hold
Free & Clear
Property ID
US63-0169520
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1927
Total area
58,625 SF
Lot
0.22 ac (9,525 SF)
Zoning code
C4-5X
APN
09764-0091
UPID
US63-0169520
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.10M
Owner & transaction history
Hillside Avenue Dev LLC · 19 yrs held
Hillside Avenue Dev LLC
since 2006
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,570,000
Current use
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10%
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
$19 / 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
$436,116
Tax year 2024
Assessed value
$4,302,000
Assessed 2024
Previous assessed
$4,120,650
+4.4% YoY
Effective rate
10.14%
On assessed value
Assessed land
$214,200
Assessed improvement
$4,087,800
Land market value
$476,000
Improvement market value
$9,084,000
Total market value
$9,560,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
1
Stories
7
Units
119
Total area
58,625 SF
Lot
0.22 ac (9,525 SF)
Zoning code
C4-5X
APN
09764-0091
UPID
US63-0169520
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-5X · Jamaica, NYZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
MEDICAL BUILDING Current
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
1927
Heating
NONE
Stories
7
Buildings
1
Units
119
Lot
0.22 ac
Current owner
From public records · entity-resolved
Hillside Avenue Dev LLC
Entity
Free & Clear · 19 yrs held
Mailing address
325 E 104TH ST, NEW YORK, NY 10029-5501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Hillside Avenue Development LLC
—
Deed
related
$259,625 · Manufacturers And Traders Trust Company
Jan 3, 2018
—
Hillside Avenue Dev LLC
—
Loan Modification, Consolidation And Extension
related
$13,500,000 · Manufacturers Trade & Tr
Aug 14, 2017
—
Rose Kingsley
—
Deed
related
$50,000 · Miscellaneous Govt Agcy
Nov 29, 2007
—
Hillside Avenue Dev LLC
—
Deed Of Trust
related
$15,000,000 · Manufacturers Traders & Trust
Dec 5, 2006
$4,147,448
Hillside Avenue Dev LLC
Regtischler Realty LLC
Grant Deed
—
Nov 14, 2006
$3,166,606
Hillside Avenue Dev LLC
Whitman Realty Co LLC
Grant Deed
—
Nov 14, 2006
$1,583,333
Hillside Avenue Dev LLC
Glorshon Realty LLC
Grant Deed
—
Feb 22, 2005
—
Glorshon Realty LLC
Whitman Realty Co LLC
Grant Deed
related
—
Jan 14, 2005
—
Regtischler Realty LLC
Whitman Realty Co LLC
Grant Deed
related
—
—
—
Rose Kingsley
—
Deed Of Trust
related
$50,000 · Miscellaneous Govt Agcy
—
—
Hillside Avenue Dev LLC
—
Deed Of Trust
related
$1,798,900 · Manufacturers & Traders Tr
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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