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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Retail space
14 Sunrise Hwy 18 Freeport, NY 11520-3921
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-2126086
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1912
Construction
FRAME
Total area
5,152 SF
Lot
0.14 ac (6,060 SF)
APN
55-482-00-0012
UPID
US63-2126086
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.87M
Owner & transaction history
Olive Building LLC · 12 yrs held
Olive Building LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+49.9%
Industrial (general)
$2.0M
+19.1%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,705,000
Current use
COMMERCIAL (GENERAL)
$2,555,000
Change: +50% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,030,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$363 / 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
$110,505
Tax year 2023
Assessed value
$34,725
Assessed 2023
Previous assessed
$34,725
+0.0% YoY
Effective rate
318.23%
On assessed value
Assessed land
$1,636
Assessed improvement
$33,089
Total market value
$3,472,500
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1912
Construction
FRAME
Heating
FORCED AIR
Stories
5
Units
10
Total area
5,152 SF
Lot
0.14 ac (6,060 SF)
APN
55-482-00-0012
UPID
US63-2126086
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
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1912
Construction
FRAME
Heating
FORCED AIR
Stories
5
Units
10
Lot
0.14 ac
Current owner
From public records · entity-resolved
Olive Building LLC
Entity
Mailing address
18 E SUNRISE HWY, FREEPORT, NY 11520-3908
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 1, 2017
—
Olive Building LLC
—
Trustees Deed
related
$225,000 · Private Individual
Dec 19, 2016
—
Olive Building LLC
—
Trustees Deed
related
$2,300,000 · Private Individual
Jun 23, 2014
$2,700,000
Olive Building LLC
Ra Estate LLC
Grant Deed
—
Jan 29, 2013
—
Tower Lease Acquisition L Cell
—
Deed Of Trust
related
$5,293,773 · Deutsche Bank Trust Co America
Feb 22, 2011
$800,000
Rs Estate LLC
18 East Sunrise Highway LLC
Grant Deed
—
Jun 12, 2009
—
18 East Sunrise Highway LLC
Kaminsky,david
Grant Deed
related
—
Feb 9, 1995
$755,000
D Kaminsky
Thakker,p & M
Grant Deed
—
—
—
Cell Twr Lease Acquisition LLC
—
Deed Of Trust
related
$750,000 · Cell Tower Lease Funding LLC
—
—
Olive Building LLC
—
Deed Of Trust
related
$1,000,000 · Sterling Nat'l Bk
—
—
Olive Building LLC
—
Deed Of Trust
related
$650,000 · Sterling Nat'l Bk
—
—
Olive Building LLC
—
Loan Modification, Consolidation And Extension
related
$3,200,000 · Flushing Bk
—
—
Olive Building LLC
—
Deed Of Trust
related
$900,000 · Flushing Svgs Bk
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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