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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Investment properties
131 Un Ave Riverhead, NY 11901-4645
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-5871776
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
1,882 SF
Lot
0.16 ac (6,970 SF)
Zoning code
08 - GOVERNMENTAL
APN
0600-129.00-02.00-036.000
UPID
US63-5871776
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
-
Mc Greevy & Henle Law Firm
-
Riverhead Per Diem Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$525k
Owner & transaction history
Hrea 131 Union Ave LLC · 4 yrs held
Hrea 131 Union Ave LLC
since 2022
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
08 - GOVERNMENTAL · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$690,000
+39.8%
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 Riverhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverhead 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
$505,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$495,000
Current use
AUTO REPAIR, GARAGE
$690,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Mar 2 2022)
Last sale anchor
$525k
Mar 2 2022
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
$279 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$48,500
Assessed 2023
Previous assessed
$48,500
+0.0% YoY
Assessed land
$5,600
Assessed improvement
$42,900
Land market value
$60,280
Improvement market value
$461,787
Total market value
$522,067
Applied tax rate
473,002.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Heating
HOT WATER
Stories
3
Rooms
7
Bathrooms
3
Total area
1,882 SF
Lot
0.16 ac (6,970 SF)
Zoning code
08 - GOVERNMENTAL
APN
0600-129.00-02.00-036.000
UPID
US63-5871776
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
08 - GOVERNMENTAL · Riverhead, NY
Zoning 08 - GOVERNMENTAL · permitted uses
08 - GOVERNMENTAL · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverhead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$400,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1930
Heating
HOT WATER
Stories
3
Rooms
7
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hrea 131 Union Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
130 7TH AVE STE #224, NEW YORK, NY 10011-1803
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$525,000
Hrea 131 Union Ave LLC
131 Union Avenue Assoc
Deed
—
Oct 19, 2016
$330,000
Astoria Bank
Referee Of Suffolk County|divirgilio,gary
Trustees Deed
related
—
Aug 1, 2008
$415,000
131 Union Ave Assoc
Higgins,j D JR & S
Grant Deed
—
Jul 20, 2005
$300,000
J D Higgins JR.
Inisfada Realty Corp
Grant Deed
$180,000 · Greenpoint Mortgage Funding
—
—
Inisfada Realty Corp
—
Deed Of Trust
related
$129,907 · Greenpoint Mortgage Funding
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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