99-25 Horace Harding Expy Corona, NY 11368
Retail space
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1-yr Hold
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99-25 Horace Harding Expy, Corona, NY 11368
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Estimated value (blended)
$3.05M
Range $2.75M – $3.36M (±10%)
Implied cap rate
7.50%
In-place · NOI ÷ last sale
Property ID
US63-1241345
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Total area
12,860 SF
Lot
0.44 ac (19,321 SF)
Zoning code
C8-1
APN
01948-0019
UPID
US63-1241345
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 Wine and Liquor Store
-
Bank Credit Union
-
Postal Service Courier Service
-
Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
$3.53M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$3.05M
Owner & transaction history
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
C8-1 · Corona, 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 11 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.05M
Value range
$2.75M – $3.36M
±10% around blend
Estimated value / SF
$237 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$2.75M
blend $3.05M
$3.36M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,860 SF
Lot area
0.44 ac
Year built
1963
Stories
1
APN
01948-0019
Assessed value
$2,145,600
Annual tax
$212,179
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.83M
@ 6.5% CAP return
$3.53M
@ 7% CAP return
$3.28M
4
Sales comparison
Partial preview
Sales approach indication
$13.29M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 9,475 SF
3.8 mi away · 13,000 SF
5.0 mi away · 9,496 SF
5.0 mi away · 11,325 SF
6.0 mi away · 12,173 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 185 sales
$741
-68%
County 394 sales
$576
-59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $237/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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
7.50%
Implied, in-place cap rate for this retail space
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 · 7.50%
9.0%
NOI (est.)
$213k *
Last sale · Sep 2024
$3.05M
* 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$2.85M
Move the market yield to see immediate price impact.
Value / SF
$221
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
7.00%7.50%8.00%
$192k
$2.74M
$2.56M
$2.40M
$213k
$3.05M
$2.85M
$2.67M
$235k
$3.35M
$3.13M
$2.93M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$14.00M
0.6 mi · Dec 2025 · $1,173/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$212,179
Tax year 2024
Assessed value
$2,145,600
Assessed 2024
Previous assessed
$2,145,600
+0.0% YoY
Effective rate
9.89%
On assessed value
Assessed land
$675,000
Assessed improvement
$1,470,600
Land market value
$1,500,000
Improvement market value
$3,268,000
Total market value
$4,768,000
Applied tax rate
4.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1963
Heating
NONE
Buildings
1
Stories
1
Units
4
Total area
12,860 SF
Lot
0.44 ac (19,321 SF)
Zoning code
C8-1
APN
01948-0019
UPID
US63-1241345
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Corona, NYZoning C8-1 · permitted uses
C8-1 · Corona, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Stories
1
Buildings
1
Units
4
Lot
0.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C8-1
Jurisdiction
Corona, NY
Recorded code
C8-1
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Debt & historyRecorded loans and transaction history
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