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Property profile & analytics
OFF-MARKET
Estimated value
$9,290,000
Investment properties
1051 Old Country Rd Riverhead, NY 11901-2019
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2442494
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1969
Total area
22,900 SF
Lot
3.41 ac (148,540 SF)
Zoning code
SC
APN
0600-108.00-04.00-014.006
UPID
US63-2442494
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
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
$6.27M
Comparable Approach
Comparable
$8.33M
Blend (final)
Blend
$9.29M
Owner & transaction history
1051old Country LLC · 2 yrs held
1051old Country LLC
since 2023
Last sale
$9.5M
1 recorded transaction
Zoning & alternative use
SC · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+81.2%
Auto repair, garage
$8.4M
+39.8%
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 Riverhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverhead 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
$9,910,000
ML approach
$9,220,000
CAP Approach
CAP Return
Estimation
6%
$6,795,000
6.5%
$6,270,000
7%
$5,825,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,020,000
Current use
OFFICE BUILDING
$10,905,000
Change: +81% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,415,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±10% · vs last sale $9.50M (Nov 13 2023)
Last sale anchor
$9.50M
Nov 13 2023
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
$406 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$846,760
Assessed 2023
Previous assessed
$846,760
+0.0% YoY
Assessed land
$168,800
Assessed improvement
$677,960
Land market value
$1,817,008
Improvement market value
$7,297,740
Total market value
$9,114,748
Applied tax rate
473,002.0000
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
1969
Heating
NONE
Buildings
2
Stories
1
Total area
22,900 SF
Lot
3.41 ac (148,540 SF)
Zoning code
SC
APN
0600-108.00-04.00-014.006
UPID
US63-2442494
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
SC · Riverhead, NY
Zoning SC · permitted uses
SC · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverhead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$8.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Stories
1
Buildings
2
Lot
3.41 ac
Current owner
From public records · entity-resolved
1051old Country LLC
Entity
Mailing address
10 METROPOLITAN AVE STE #20, FOREST HILLS, NY 11375
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$9,500,000
1051old Country LLC
Requerdo Co
Deed
$8,100,000 · Aaron Siegal Ret
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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