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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
5372 Merrick Rd Massapequa, NY 11758-6243
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-0063228
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,604 SF
Lot
0.09 ac (4,038 SF)
APN
66-003-00-0097
UPID
US63-0063228
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
-
Olympus Abstract LLC Title Company
-
Massapequa Garage Door Repair Hardware & Home Improvement Production Facility
-
All Smiles Dental Spa Dental Office
-
Bridge & Tunnel Officers Benevolent Association Charitable Organization Social Service Agency
-
Performance Health Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$515k
Owner & transaction history
Btoba Bldg Corp · 6 yrs held
Btoba Bldg Corp
since 2019
7 recorded transactions
Zoning & alternative use
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 Massapequa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Massapequa 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$198 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$43,560
Tax year 2023
Assessed value
$7,575
Assessed 2023
Previous assessed
$7,575
+0.0% YoY
Effective rate
575.05%
On assessed value
Assessed land
$1,272
Assessed improvement
$6,303
Total market value
$757,500
Applied tax rate
626.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
2,604 SF
Lot
0.09 ac (4,038 SF)
APN
66-003-00-0097
UPID
US63-0063228
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Btoba Bldg Corp
Entity
Free & Clear · 6 yrs held
Mailing address
800 WESTCHESTER AVE STE S608, RYE BROOK, NY 10573-1364
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2019
$605,000
Btoba Bldg Corp
Twin Assets LLC
Grant Deed
—
Jul 24, 2015
$250,000
Twin Assets LLC
Associates Holding Corp
Grant Deed
—
Jun 19, 2015
$95,000
L & L Associates Holding Corp
5372 Merrick Road Partners LLC
Grant Deed
—
Jun 16, 2014
—
L & L Associates Holding Corp
Jefferson,beaumont A
Grant Deed
—
Apr 27, 2004
$465,000
5372 Merrick Road Partners LLC
Scarcella,salvatore & Gail
Grant Deed
$360,000 · J P Morgan Chase Bank
Jun 11, 1998
$425,000
5372 Merrick Road Corp
Scarcella,salvatore & Gail
Grant Deed
$455,694 · Seller
—
—
5372 Merrick Road Corp
—
Deed Of Trust
related
$100,000 · Robinowitz Cohlan & Dubow LLP
—
—
5372 Merrick Road Partners LLC
—
Deed Of Trust
related
$500,000 · J P Morgan Chase Bank
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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