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Property profile & analytics
OFF-MARKET
Estimated value
$6,985,000
Strip malls
1170 Wantagh Ave 1194 Wantagh, NY 11793-2142
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-2021136
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,232 SF
Lot
1.77 ac (77,101 SF)
APN
51-416-00-0008
UPID
US63-2021136
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
-
Mt. Fuji Japanese Sushi & Hibachi Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.99M
Owner & transaction history
Cherrywood Holding De LLC · 15 yrs held
Cherrywood Holding De LLC
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+1.2%
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 Wantagh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wantagh 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%
$8,665,000
6.5%
$8,000,000
7%
$7,425,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,855,000
Current use
RESTAURANT
$9,970,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$7,925,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$6.99M
Range $6.29M – $7.68M · ±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
$622 / 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
$771,436
Tax year 2023
Assessed value
$84,117
Assessed 2023
Previous assessed
$84,117
+0.0% YoY
Effective rate
917.10%
On assessed value
Assessed land
$18,890
Assessed improvement
$65,227
Total market value
$8,411,700
Applied tax rate
32.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,232 SF
Lot
1.77 ac (77,101 SF)
APN
51-416-00-0008
UPID
US63-2021136
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.9M
RESTAURANT
Est. value
$10.0M
OFFICE BUILDING
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Cherrywood Holding De LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1 N BROADWAY STE #400, WHITE PLAINS, NY 10601-2321
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Cherrywood Holding De LLC
—
Deed
related
$23,750,000 · Barclays Capital Real Estate INC
Sep 19, 2017
—
Cherrtwood Holding De LLC
—
Deed
related
$3,000,000 · Signature Bank
Apr 14, 2011
—
Cherrywood Holding De LLC
Cherrywood Holding LLC
Quit Claim Deed
related
—
Mar 17, 2005
$16,375,000
Cherrywood Holding LLC
Dem Realty-east LLC
Grant Deed
$13,100,000 · Cibc INC
Jun 6, 1997
—
Demartini,nicholas
Dem Realty East LP
Trustees 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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