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Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Manufacturing properties
122 2nd St, Mineola, NY 11501-3506
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2373294
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
7,611 SF
Lot
0.23 ac (10,000 SF)
APN
09-301-00-0033
UPID
US63-2373294
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
-
Nassau Chromium Plating Co Factory Metal Fabrication Plant
-
Hanna Carpet Inc Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.71M
Owner & transaction history
Kendave Corporation · 2 yrs held
Kendave Corporation
since 2024
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.1M
+33.0%
Retail stores
$5.6M
+22.2%
Auto repair, garage
$5.0M
+9.0%
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 Mineola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mineola 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
$4,615,000
ML approach
$4,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,590,000
Current use
OFFICE BUILDING
$6,105,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$5,610,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,000,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±10% · vs last sale $3.40M (Feb 17 2023)
Last sale anchor
$3.40M
Feb 17 2023
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
$487 / 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
$27,346
Tax year 2023
Assessed value
$5,086
Assessed 2023
Previous assessed
$5,086
+0.0% YoY
Effective rate
537.67%
On assessed value
Assessed land
$2,250
Assessed improvement
$2,836
Total market value
$508,600
Applied tax rate
702.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,611 SF
Lot
0.23 ac (10,000 SF)
APN
09-301-00-0033
UPID
US63-2373294
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1956
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Kendave Corporation
Entity
Mailing address
122 E 2ND ST #132, MINEOLA, NY 11501-3506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
—
Kendave Corporation
Pasquale Martimucci
Quitclaim Deed
related
$750,000 · Hanover Community Bank
Feb 17, 2023
$3,400,000
122 132 East 2nd Street LLC
146 E 2nd Street LLC
Bargain And Sale Deed
$2,000,000 · Jpmorgan Chase Bank NA
Mar 17, 2021
—
146 E 2nd Street LLC
—
Deed
related
$1,300,000 · Velocity Commercial Capital
Jan 10, 2020
—
146 E 2nd Street LLC
—
Deed
related
$850,000 · Rbm 2016 Hldgs LLC
Jan 22, 2014
$655,000
Ms Nassau Realty LLC
146 2nd Street LLC
Grant Deed
—
—
—
146 E 2nd Street LLC
—
Deed Of Trust
related
$850,000 · Rbm 2016 Hldgs LLC
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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