Trust Owned Property summary
AI-generated overview
The property is a mixed-use building in Rockaway Park, New York, classified as a C7 (Over 6 Family with Stores). It contains 9,800 square feet total across three stories, located on a 5,902 square foot lot with building dimensions of 50 feet by 70 feet. The space includes 6,600 square feet of residential area and 3,200 square feet of retail area. Zoning is designated R4-1 and C1-3, with a FAR as built of 1.66. The property is identified as Block 16154, Lot 0101.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Total area
9,800 SF
Lot
0.14 ac (5,902 SF)
Zoning code
R4-1
APN
16154-0101
UPID
US63-1903208
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
R4-1 · Rockaway Park, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.08M
Value range
$1.87M – $2.28M
±10% around blend
Estimated value / SF
$212 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$1.87M
blend $2.08M
$2.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,800 SF
Lot area
0.14 ac
Year built
1930
Stories
3
APN
16154-0101
Zoning
R4-1
Assessed value
$820,800
Annual tax
$90,082
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.94M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.10M
@ 6.5% CAP return
$1.94M
@ 7% CAP return
$1.80M
4
Sales comparison
Partial preview
Sales approach indication
$3.01M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.4 mi away · 11,600 SF
8.5 mi away · 6,950 SF
9.7 mi away · 9,000 SF
9.8 mi away · 10,366 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 33 sales
$280
-24%
County 1912 sales
$386
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.10%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.10%
9.0%
NOI (est.)
$169k *
Last sale · Apr 2022
$2.41M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.77M
Move the market yield to see immediate price impact.
Value / SF
$282
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.60%6.10%6.60%
$152k
$2.71M
$2.49M
$2.30M
$169k
$3.02M
$2.77M
$2.56M
$186k
$3.32M
$3.04M
$2.81M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.50M
8.3 mi · Dec 2025 · $323/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$90,082
Tax year 2024
Assessed value
$820,800
Assessed 2024
Previous assessed
$691,380
+18.7% YoY
Effective rate
10.97%
On assessed value
Assessed land
$66,600
Assessed improvement
$754,200
Land market value
$148,000
Improvement market value
$1,676,000
Total market value
$1,824,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
12
Total area
9,800 SF
Lot
0.14 ac (5,902 SF)
Zoning code
R4-1
APN
16154-0101
UPID
US63-1903208
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Rockaway Park, NYZoning R4-1 · permitted uses
R4-1 · Rockaway Park, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
3
Buildings
1
Units
12
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4-1
Jurisdiction
Rockaway Park, NY
Recorded code
R4-1
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