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    935 Bronx River Ave, Unit The Bronx, NY 10473
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    Property profile & analytics

    935 Bronx River Ave, Unit The Bronx, NY 10473

    View on Map
    • Auto shops
    • 34,888 SF
    • 1.08 lot acres
    For Lease
    $1,585,000
    View Listing →
    South Bronx Warehouse with Yard For Lease
    $1,585,000
    25,000 SF

    South Bronx Warehouse with Yard

    25,000 SF warehouse with 8,000 SF yard in Bronx.

    935 Bronx River Ave, The, Bronx, NY 10473
    View Listing
    Property ID
    US63-0723211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Old Iron Management / Property Management Company
    • J & S Towing inc / Auto Repair Shop

    Property Details for 935 Bronx River Ave

    Year built
    1959
    Lot size
    1.08 lot acres
    Property size
    34,888 SF
    Zone code
    M1-1
    Property type
    Auto shops
    APN
    03646-0001
    APU
    36460001

    Description

    This exceptional 35,000-square-foot industrial property, located at 935 Bronx River Ave, The Bronx, NY 10473, presents a unique investment opportunity. Situated on a 2.5-acre lot with 150 feet of frontage, this single-story building boasts a 21-foot ceiling height, perfect for various industrial uses. Built in 1950 and renovated in 2012, the property features ample space for manufacturing, warehousing, and distribution. Currently, 16,500 square feet is vacant, offering significant potential. The property includes two loading docks, one drive-in door, and 50 total parking spaces. Conveniently located near Bruckner Blvd and Bronx River Avenue, it offers easy access to major highways and bridges. The property benefits from 400 amps of power and is zoned for industrial use within Bronx County's Bronx submarket. Property taxes are $2 per square foot. An enclosed 8,000 square foot yard provides additional space. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in the heart of the Bronx.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8829
    Latitude
    40.8214
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $93,641
    $379,800
    $504,270
    $884,070
    -
    $844,000
    $1,360,000
    $2,204,000

    Comparable in this City

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    • Value Estimation by Request
      3.32 Acres

      660 Zerega Ave

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    • Value Estimation by Request
      0.05 Acres

      634 Thieriot Ave

      AUTO REPAIR, GARAGE • 0.05 Acres
      634 Thieriot Ave, Bronx, NY 10473
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      1,760 SF

      433-435 Bolton Ave

      AUTO REPAIR, GARAGE • 1,760 SF
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      1.63 Acres

      Thieriot Ave

      AUTO REPAIR, GARAGE • 1.63 Acres
      Thieriot Ave, Bronx, NY 10473
      View Details
    • Value Estimation by Request
      3,052 SF

      807 Zerega Ave

      AUTO REPAIR, GARAGE • 3,052 SF
      807 Zerega Ave, Bronx, NY 10473-1121
      View Details

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      Bruckner Commons Retail Space

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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