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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Investment properties
12 1st St Riverhead, NY 11901-4602
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3345202
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Total area
2,474 SF
Lot
0.15 ac (6,534 SF)
Zoning code
08 - GOVERNMENTAL
APN
0600-128.00-06.00-036.000
UPID
US63-3345202
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
-
The Law Offices of Andrew J. Gilbride Law Firm
-
East End Nutrition Physician
-
The Corwin House Real Estate Agency
-
Law Office of Tina Marie Specht, PC Law Firm
-
Gallivan & Gallivan Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$438k
Blend (final)
Blend
$525k
Owner & transaction history
Corwin Hse Riverhead LLC · 6 yrs held
Corwin Hse Riverhead LLC
since 2020
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
08 - GOVERNMENTAL · Riverhead, NY
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 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
$560,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
WAREHOUSE, STORAGE
$530,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Mar 12 2020)
Last sale anchor
$500k
Mar 12 2020
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
$212 / 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
$69,700
Assessed 2023
Previous assessed
$69,700
+0.0% YoY
Assessed land
$18,800
Assessed improvement
$50,900
Land market value
$202,368
Improvement market value
$547,901
Total market value
$750,269
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1870
Heating
HOT WATER
Stories
3
Rooms
13
Bathrooms
3
Total area
2,474 SF
Lot
0.15 ac (6,534 SF)
Zoning code
08 - GOVERNMENTAL
APN
0600-128.00-06.00-036.000
UPID
US63-3345202
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
08 - GOVERNMENTAL · Riverhead, NY
Zoning 08 - GOVERNMENTAL · permitted uses
08 - GOVERNMENTAL · 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
$650,000
WAREHOUSE, STORAGE
Est. value
$530,000
COMMERCIAL (GENERAL) Current
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
1870
Heating
HOT WATER
Stories
3
Rooms
13
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Corwin Hse Riverhead LLC
Entity
Mailing address
12 1ST ST, RIVERHEAD, NY 11901-4602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
May 8, 2025
—
Corwin House Riverhe LLC
—
Deed
related
$375,000 · Emigrant Funding Corp
Mar 12, 2020
$500,000
Corwin Hse Riverhead LLC
Anthony B Tohill
Grant Deed
$450,000 · Anthony B Tohill
—
—
Anthony B Tohill
—
Deed Of Trust
related
$280,000 · Suffolk County National Bank
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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