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Property profile & analytics
OFF-MARKET
Estimated value
$4,440,000
Investment properties
9609 Springfield Blvd Queens Village, NY 11429-1341
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0758690
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1927
Total area
23,700 SF
Lot
0.48 ac (20,800 SF)
Zoning code
R3-2
APN
10789-0248
UPID
US63-0758690
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
Current use
Occupant on record · Public records
-
Aesthetic Dental Group Dental Office
-
THE BRAIDING SCHOOL Vocational School Training Center
-
Segment Bi Inc. Consultant
-
Sassie Sa Entertainment Theater & Performing Art Venue Music Venue
-
Organization for Development and Health Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$4.44M
Owner & transaction history
96-01/09 Springfield Blvd LLC · 8 yrs held
96-01/09 Springfield Blvd LLC
since 2018
3 recorded transactions
Zoning & alternative use
R3-2 · Queens Village, 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 Queens Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queens Village 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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,085,000
6.5%
$4,695,000
7%
$4,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,385,000
Current use
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±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
$187 / 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
$164,092
Tax year 2024
Assessed value
$1,710,900
Assessed 2024
Previous assessed
$1,515,400
+12.9% YoY
Effective rate
9.59%
On assessed value
Assessed land
$468,000
Assessed improvement
$1,242,900
Land market value
$1,040,000
Improvement market value
$2,762,000
Total market value
$3,802,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
1
Stories
2
Units
12
Total area
23,700 SF
Lot
0.48 ac (20,800 SF)
Zoning code
R3-2
APN
10789-0248
UPID
US63-0758690
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Queens Village, NY
Zoning R3-2 · permitted uses
R3-2 · Queens Village, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queens Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.4M
COMMERCIAL (GENERAL) 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
2
Buildings
1
Units
12
Lot
0.48 ac
Current owner
From public records · entity-resolved
96-01/09 Springfield Blvd LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7 BONNIE LYNN CT, ROSLYN, NY 11576-3040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2018
—
96-01/09 Springfield Blvd LLC
Jain Yawantraj P
Quit Claim Deed
related
—
Oct 19, 2017
—
90-01/09 Springfield Blvd LLC
Jain,yawantraj P
Quit Claim Deed
—
Sep 15, 2017
—
Qtip Trust
Jain Yawantraj P
Grant Deed
—
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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