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Property profile & analytics
FOR LEASE
Office buildings
1305 Walt Whitman Rd, Melville, NY 11747
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-6244000
For Lease
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1305 Walt Whitman Rd, Melville, NY 11747
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Property summary
AI-generated overview
This prestigious Melville, NY office building, located at 1305 Walt Whitman Road, offers 165,310 square feet of Class A office space in a three-story building. Built in 1955 and renovated in 1999, the property boasts a desirable location, directly across from the Marriott Melville Long Island Hotel, providing convenient access to numerous restaurants and retail amenities. The building features two suites, with a minimum divisible space of 6,353 square feet and a maximum contiguous space of 10,198 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
18.1 ac (788,436 SF)
Zoning code
I1
APN
0400-255.00-01.00-002.002
UPID
US63-6244000
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
-
DellEMC Computer Hardware Manufacturer
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Dell Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Merrill Lynch Financial Advisor PATRICK CONROY Financial Advisor
-
David M Barnett Financial Advisor
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Merrill Lynch Wealth Management Advisor Harold R Flecker Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Feil 1305 Whitman LLC · 10 yrs held
Feil 1305 Whitman LLC
since 2015
6 recorded transactions
Zoning & alternative use
I1 · Melville, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$200,000
Assessed 2023
Previous assessed
$200,000
+0.0% YoY
Assessed land
$90,000
Assessed improvement
$110,000
Land market value
$163,636
Improvement market value
$200,000
Total market value
$363,636
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
18.1 ac (788,436 SF)
Zoning code
I1
APN
0400-255.00-01.00-002.002
UPID
US63-6244000
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
I1 · Melville, NY
Zoning I1 · permitted uses
I1 · Melville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
18.1 ac
Current owner
From public records · entity-resolved
Feil 1305 Whitman LLC
Entity
Free & Clear · 10 yrs held
Mailing address
7 PENN PLZ, NEW YORK, NY 10001-3967
Ownership since
2015
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 8, 2026
—
Feil 1305 Whitman LLC
—
Deed
related
$1,426,700 · Customers Bank
Nov 28, 2025
—
Thomas Saum
—
Deed
related
$250,000 · Nationwide Mortgage Bankers
Oct 17, 2015
$27,375,000
Feil 1305 Whitman LLC
1305 Walt Whitman Road Spe LLC
Grant Deed
related
—
Mar 29, 2007
$500,000
Fairfield Melville Colo LLC
Martin,record
Grant Deed
—
Feb 7, 2007
—
1305 Walt Whitman Road
1305 Walt Whitman LLC
Quit Claim Deed
related
—
—
—
Feil 1305 Whitman LLC
—
Loan Modification
related
$20,000,000 · Bankunited Fsb
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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