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Property profile & analytics
FOR LEASE
Office buildings
121 Broadhollow Rd Melville, NY 11747
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3848637
For Lease
1 / 2
Contact for pricing
121 Broadhollow Rd, Melville, NY 11747
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
2.9 ac (126,324 SF)
APN
0400-257.00-03.00-009.004
UPID
US63-3848637
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
Bdg 115 Land LLC · 21 yrs held
Bdg 115 Land LLC
since 2005
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 Melville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melville 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
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
—
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
$16,080
Assessed 2023
Previous assessed
$16,080
+0.0% YoY
Assessed land
$9,950
Assessed improvement
$6,130
Land market value
$18,091
Improvement market value
$11,145
Total market value
$29,236
Applied tax rate
472,605.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Lot
2.9 ac (126,324 SF)
APN
0400-257.00-03.00-009.004
UPID
US63-3848637
Jurisdiction
SUFFOLK
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
Heating
NONE
Lot
2.9 ac
Current owner
From public records · entity-resolved
Bdg 115 Land LLC
Entity
Free & Clear · 21 yrs held
Mailing address
300 ROBBINS LN, SYOSSET, NY 11791-6012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2020
—
500 Bi-county Cw Nf LLC
—
Deed
related
$37,057,500 · Bbva USA
Sep 26, 2019
—
Bdg 115 Land LLC
—
Loan Modification, Consolidation And Extension
related
$2,984,193 · Miscellaneous Ins Co
Dec 24, 2018
—
Bdg 115 Land LLC
—
Loan Modification, Consolidation And Extension
related
$3,000,000 · Miscellaneous Ins Co
Jun 23, 2005
—
Bdg 115 Land LLC
Jpmorgan Chase Bank Natl Assn
Grant Deed
related
—
—
—
Bdg 115 Land LLC
—
Deed Of Trust
related
$544,562 · Miscellaneous Ins Co
—
—
125 E Bethpage Cw Nf LLC
—
Deed Of Trust
related
$6,000,000 · Bbva USA
—
—
125 E Bethpage Cw Nf LLC
—
Deed Of Trust
related
$4,800,000 · Bbva USA
—
—
500 Bi-county Cw Nf LLC
—
Loan Modification, Consolidation And Extension
related
$37,057,500 · Bbva USA
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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