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Property profile & analytics
OFF-MARKET
Estimated value
$6,620,000
Commercial real estate
1111 Cedar Swamp Rd, Glen Head, NY 11545-2109
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1850874
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,282 SF
Lot
50.71 ac (2,208,928 SF)
APN
22-00H-00-0409
UPID
US63-1850874
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
-
Vinum Inc Brewery & Distillery Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.84M
Blend (final)
Blend
$6.62M
Owner & transaction history
Rynwood Holdings LLC · 4 yrs held
Rynwood Holdings LLC
since 2022
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.9M
+103.3%
Restaurant
$7.4M
+37.1%
Neighborhood: shopping center
$7.3M
+35.5%
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 Glen Head submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Head 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
$7,870,000
ML approach
$6,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,360,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,900,000
Change: +103% · Conversion: Moderate
RESTAURANT
$7,355,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,265,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$5,845,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,445,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,995,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$4,720,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$6.62M
Range $5.96M – $7.28M · ±10% · vs last sale $6.00M (Feb 25 2022)
Last sale anchor
$6.00M
Feb 25 2022
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
$799 / 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
$187,322
Tax year 2023
Assessed value
$70,571
Assessed 2023
Previous assessed
$70,571
+0.0% YoY
Effective rate
265.44%
On assessed value
Assessed land
$54,777
Assessed improvement
$15,794
Total market value
$7,057,100
Applied tax rate
646.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
8,282 SF
Lot
50.71 ac (2,208,928 SF)
APN
22-00H-00-0409
UPID
US63-1850874
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
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
RESTAURANT
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
50.71 ac
Current owner
From public records · entity-resolved
Rynwood Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1111 CEDAR SWAMP RD, GLEN HEAD, NY 11545-2109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Rynwood Holdings LLC
—
Deed
related
$3,500,000 · Metropolitan Commercial Bank
Feb 25, 2022
$6,000,000
Rynwood Holdings LLC
Villadco INC
Deed
—
May 6, 2019
—
Villadco INC
Nassau Cnty Indl Dev Agcy
Quit Claim Deed
related
—
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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