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Property profile

126 Merrick Rd Freeport, NY 11520

OFF-MARKET
Automotive properties
Property ID
US63-5790326
View Sample
1,500 SF 0.04 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Total area 1,500 SF
Lot 0.04 ac (1,880 SF)
APN 62-00A-00-0340
UPID US63-5790326

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Auto Repair Shop
  • Bakery Specialty Food Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$935k

Owner & transaction history

since 2021
Last sale
$950,000
1 recorded transaction
2021
$950,000

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.3M +33.5%
Office building $1.1M +7.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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