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    Property profile & analytics

    960 Southern Blvd Bronx, NY 10459

    • Investment properties
    • 17,500 SF
    • 0.26 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1245820
    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.

    Current Use by Public Records

    • Adolescent Health and Wellness Center / Gym & Fitness Center / Alternative Medicine Practice
    • Club TIA / Nightclub / DJ & Entertainment
    • Acklema P Mohammad / Pediatrician / Medical Clinic
    • Gladys Yaneth Raveneau Banegas / Pediatrician / Medical Clinic
    • Dr. Jacalyn S. Bitterman, MD,FAAP, FSAM / Physician

    Property Details for 960 Southern Blvd

    Year built
    1984
    Lot size
    0.26 lot acres
    Property size
    17,500 SF
    Zone code
    C4-4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    02742-0026
    APU
    27420026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,375,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8912
    Latitude
    40.822
    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
    $274,831
    $286,200
    $2,308,500
    $2,594,700
    -
    $636,000
    $5,924,000
    $6,560,000

    Comparable in this City

    • Value Estimation
      $635,000
      3,200 SF

      904 Prospect Ave

      STORE/OFFICE (MIXED USE) • 3,200 SF
      904 Prospect Ave, Bronx, NY 10459-3929
      View Details
    • Value Estimation
      $1,635,000
      9,000 SF

      1300-1302 Southern Blvd

      STORE/OFFICE (MIXED USE) • 9,000 SF
      1300-1302 Southern Blvd, Bronx, NY 10459
      View Details
    • Value Estimation
      $1,630,000
      8,710 SF

      952 Southern Blvd

      STORE/OFFICE (MIXED USE) • 8,710 SF
      952 Southern Blvd, Bronx, NY 10459-3434
      View Details
    • Value Estimation
      $3,660,000
      20,250 SF

      991-993 Southern Blvd

      STORE/OFFICE (MIXED USE) • 20,250 SF
      991-993 Southern Blvd, Bronx, NY 10459
      View Details
    • Value Estimation
      $2,950,000
      6,200 SF

      1338-1340 Southern Blvd

      STORE/OFFICE (MIXED USE) • 6,200 SF
      1338-1340 Southern Blvd, Bronx, NY 10459
      View Details
    • Value Estimation
      $1,920,000
      10,480 SF

      995 Southern Blvd

      STORE/OFFICE (MIXED USE) • 10,480 SF
      995 Southern Blvd, Bronx, NY 10459-3401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,900 SF

      High Exposure Corner Lot Warehouse

      Two-story warehouse on a high-exposure corner lot for sale.
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      58,540 SF

      Mixed-Use Building with Parking Garage

      58,540 SF mixed-use building with 24,300 SF parking garage.
      840 Westchester Ave, Bronx, NY 10459
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    • $715,000
      0.05 Acres

      Bronx Two-Family Property For Sale

      Well-maintained two-family property with income potential in the Bronx.
      1180 Vyse Ave, Bronx, NY 10459
      View Details
    • New
      $800,000
      2,655 SF

      Two-Family Home in Longwood

      Move-in ready two-family home in the Bronx's Longwood neighborhood.
      814 Fox St, Bronx, NY 10459
      View Details
    • $885,000
      Pending

      Bronx Two-Family Home with Yard

      Two-unit property in Foxhurst with yard, garage, and basement.
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    Similar Nearby for Lease

    • Contact for pricing
      1,410 SF

      Retail Space on Commuter Block

      Single-story retail space in a prime national tenant corridor.
      1045 Southern Blvd, Bronx, NY 10459
      View Details
    • Contact for pricing
      3,884 SF

      Retail Space Near Transportation Hub

      Retail space adjacent to new development and transportation.
      953 Southern Blvd, Bronx, NY 10459
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in Shopping District

      Retail space in the heart of a vibrant shopping district.
      1019 Southern Blvd, Bronx, NY 10459
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Storefronts

      New retail spaces available August 1, 2017, flexible lease terms.
      926 Southern Blvd, Bronx, NY 10459
      View Details
    • Contact for pricing

      66,634 SF Land For Lease

      66,634 SF of land available for lease.
      893 E 167Th St, Bronx, NY 10459
      View Details
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    Bronx, NY 10459
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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.

    More about this property
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