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Property profile & analytics
FOR LEASE
Retail space
1 W Sunrise Hwy Freeport, NY 11520
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-1472806
For Lease
1 / 7
$700/Mo
1 W Sunrise Hwy, Freeport, NY 11520
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
FRAME
Total area
2,211 SF
Lot
0.05 ac (2,288 SF)
APN
55-409-00-0101
UPID
US63-1472806
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
-
Radio Celestial FM Radio Station Telecommunications Service
-
SUBWAY®Restaurants Restaurant
-
Omni Smoke, Vapor & Convenience Store (Bike/Boat/Book/etc) Store
-
Abogados Law Firm
-
C-Puede - Taxes, Trámites y Traducciones Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$695k
Owner & transaction history
Sunrise Highway Promised Terri · 9 yrs held
Sunrise Highway Promised Terri
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+49.9%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
Alternative Use
Use
Estimation
RETAIL STORES
$730,000
Current use
COMMERCIAL (GENERAL)
$1,095,000
Change: +50% · Conversion: Easy
WAREHOUSE, STORAGE
$685,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$314 / 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
$23,716
Tax year 2023
Assessed value
$6,885
Assessed 2023
Previous assessed
$6,885
+0.0% YoY
Effective rate
344.46%
On assessed value
Assessed land
$618
Assessed improvement
$6,267
Total market value
$688,500
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Stories
2
Total area
2,211 SF
Lot
0.05 ac (2,288 SF)
APN
55-409-00-0101
UPID
US63-1472806
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$685,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1920
Construction
FRAME
Heating
FORCED AIR
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Sunrise Highway Promised Terri
Individual
Mailing address
231 E SEAMAN AVE, FREEPORT, NY 11520-1733
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2019
—
Sunrise Highway Promised Terri
—
Deed
related
$600,000 · Prime Com'l Lndg LLC
Mar 3, 2017
$530,000
Sunrise Highway Promised Terri
Aguadilla Ltd
Grant Deed
$380,000 · Private Individual
Jul 11, 2013
$5,000
Aguadilla Ltd
Habibian,samuel
Quit Claim Deed
related
—
Jun 14, 2013
$32,168
Samuel Habibian
Jefferson,beaumont A
Grant Deed
—
Jan 21, 2004
$317,500
Vincenzo Maggio
Reflection Properties INC
Grant Deed
—
Feb 4, 2000
—
Reflection Properties INC
Jacob Post INC
Grant Deed
related
—
—
—
Sunrise Highway Promised Terri
—
Deed Of Trust
related
$600,000 · Prime Com'l Lndg LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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