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Property profile & analytics
OFF-MARKET
Estimated value
$9,935,000
Grocery and convenience stores
11 Lawrence Ln Lawrence, NY 11559-1149
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-3013923
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,033 SF
Lot
2.97 ac (129,417 SF)
APN
40-00A-00-0036
UPID
US63-3013923
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
-
Haggadah Passover Baked Cookies Shoppe Bakery Production Facility
-
Amazing Savings Five Towns (Bike/Boat/Book/etc) Store
-
KolSave Market Specialty Food Shop Supermarket
-
Supermarket Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.07M
Comparable Approach
Comparable
$7.86M
Blend (final)
Blend
$9.94M
Owner & transaction history
Ggl Re LLC · 7 yrs held
Ggl Re LLC
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 Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence 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%
$10,905,000
6.5%
$10,065,000
7%
$9,345,000
Blend value · Realmo final
$9.94M
Range $8.94M – $10.93M · ±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
$301 / 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
$261,326
Tax year 2023
Assessed value
$74,437
Assessed 2023
Previous assessed
$74,437
+0.0% YoY
Effective rate
351.07%
On assessed value
Assessed land
$36,237
Assessed improvement
$38,200
Total market value
$7,443,700
Applied tax rate
189.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
33,033 SF
Lot
2.97 ac (129,417 SF)
APN
40-00A-00-0036
UPID
US63-3013923
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Ggl Re LLC
Entity
Mailing address
137 SPRUCE ST, CEDARHURST, NY 11516-1916
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2019
$11,500,000
Ggl Re LLC
Ishmazal LLC
Bargain And Sale Deed
$7,215,436 · Jp Morgan Chase Bank
Jan 15, 2019
—
Ggl Re LLC
—
Loan Modification, Consolidation And Extension
related
$4,284,564 · Jp Morgan Chase Bk
Jul 10, 1997
$3,650,000
Ishmazal LLC
Falcaros Peninsula INC
Grant Deed
$650,000 · Seller
—
—
Ishmazal LLC
—
Deed Of Trust
related
$300,000 · Bre Wnic 2013 Ltc Primary
—
—
Ishmazal LLC
—
Deed Of Trust
related
$1,500,000 · Cross River Bk
—
—
Ishmazal LLC
—
Deed Of Trust
related
$250,000 · Sutton Management LLC
—
—
Ishmazal LLC
—
Deed Of Trust
related
$2,500,000 · Bre Wnic 2013 Ltc Primary
—
—
Ishmazal LLC
—
Deed Of Trust
related
$1,500,000 · Bre Wnic 2013 Ltc Primary
—
—
Ishmazal LLC
—
Deed Of Trust
related
$422,000 · Willowood Owner 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.
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