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Property profile & analytics
OFF-MARKET
Estimated value
$3,440,000
Investment properties
1189 Old Country Rd Riverhead, NY 11901-2067
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-0396508
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1948
Total area
13,645 SF
Lot
1 ac (43,560 SF)
Zoning code
03 - MULTI-FAMILY
APN
0600-108.00-04.00-002.000
UPID
US63-0396508
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
-
Fortunoff Backyard Store Furniture & Home Goods Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.38M
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$3.44M
Owner & transaction history
1189 Old Country LLC · 4 yrs held
1189 Old Country LLC
since 2022
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
03 - MULTI-FAMILY · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+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
$3,195,000
ML approach
$3,380,000
CAP Approach
CAP Return
Estimation
6%
$4,050,000
6.5%
$3,735,000
7%
$3,470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,590,000
Current use
AUTO REPAIR, GARAGE
$5,015,000
Change: +40% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,290,000
Change: -8% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,910,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.44M
Range $3.10M – $3.78M · ±10% · vs last sale $3.44M (Feb 23 2022)
Last sale anchor
$3.44M
Feb 23 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
$252 / 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
$201,100
Assessed 2023
Previous assessed
$201,100
+0.0% YoY
Assessed land
$46,800
Assessed improvement
$154,300
Land market value
$503,767
Improvement market value
$1,660,926
Total market value
$2,164,693
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
1948
Heating
NONE
Buildings
1
Total area
13,645 SF
Lot
1 ac (43,560 SF)
Zoning code
03 - MULTI-FAMILY
APN
0600-108.00-04.00-002.000
UPID
US63-0396508
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
03 - MULTI-FAMILY · Riverhead, NY
Zoning 03 - MULTI-FAMILY · permitted uses
03 - MULTI-FAMILY · 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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1948
Heating
NONE
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
1189 Old Country LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 DEPOT PLZ, MAMARONECK, NY 10543-1849
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
1189 Old Country LLC
Fcr Riverhead LLC
Deed
—
Mar 18, 2014
$2,310,000
Fcr Riverhead LLC
Delaney Holding INC
Grant Deed
$1,848,000 · Citibank NA
Aug 16, 2001
$550,000
Delaney Holding INC
Sharon Management INC
Grant Deed
$440,000 · Suffolk County National Bank
—
—
Delaney Holding Corp
—
Deed Of Trust
related
$200,000 · Thomas Delaney
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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