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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Office buildings
1228 Wantagh Ave Wantagh, NY 11793-2209
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-4114064
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,527 SF
Lot
0.45 ac (19,515 SF)
APN
56-462-00-0047
UPID
US63-4114064
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
-
Women's Wellness Center-Wantagh Gym & Fitness Center Alternative Medicine Practice
-
Wantagh Dental Arts Dental Office
-
Adam Calderone Dental Office
-
Brookstone Mitchell S DDS Dental Office
-
Kosarin Paul a DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.19M
Owner & transaction history
Mikako Property LLC · 15 yrs held
Mikako Property LLC
since 2011
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 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%
$2,605,000
6.5%
$2,405,000
7%
$2,235,000
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±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
$257 / 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
$126,812
Tax year 2023
Assessed value
$22,157
Assessed 2023
Previous assessed
$25,603
-13.5% YoY
Effective rate
572.33%
On assessed value
Assessed land
$22,156
Assessed improvement
$1.00
Total market value
$2,215,700
Applied tax rate
137.0000
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
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
8,527 SF
Lot
0.45 ac (19,515 SF)
APN
56-462-00-0047
UPID
US63-4114064
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
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mikako Property LLC
Entity
Free & Clear · 15 yrs held
Mailing address
300 MANHASSET WOODS RD, MANHASSET, NY 11030-2602
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2011
—
Mikako Property LLC
Mikakko Property LLC
Quit Claim Deed
related
—
Jan 21, 2011
—
Mikakko Propperty LLC
Park,seon J
Grant Deed
related
—
Nov 18, 2010
$3,300,000
Seon J Park
Goldan LLC
Grant Deed
—
Apr 24, 2006
$3,000,000
Goldan LLC
L S G Realty Corp
Grant Deed
$1,042,333 · Dime Savings Bank Williamsburg
—
—
Goldan LLC
—
Deed Of Trust
related
$700,000 · Dime Savings Bank Williamsburg
—
—
Goldan LLC
—
Deed Of Trust
related
$1,100,000 · Naum Chernyausky
—
—
Goldan LLC
—
Deed Of Trust
related
$200,000 · Louis J Fox
—
—
Goldan LLC
—
Deed Of Trust
related
$640,888 · Dime Savings Bank Williamsburg
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$157,572 · Bayerische Hypo-und Vereinsban
—
—
Goldan LLC
—
Deed Of Trust
related
$1,000,000 · Daniel Perla Associates LP
—
—
Mikako Property LLC
—
Deed Of Trust
related
$1,700,000 · Maspeth Fed'l S&l
—
—
Goldan LLC
—
Deed Of Trust
related
$500,000 · Agape World INC
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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