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Property profile & analytics
FOR LEASE
Office buildings
155 Pinelawn Rd, Melville, NY 11747
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US63-1786171
For Lease
1 / 2
$29 SF/Yr
155 Pinelawn Rd, Melville, NY 11747
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
6.6 ac (287,496 SF)
Zoning code
I1
APN
0400-268.00-02.00-012.003
UPID
US63-1786171
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
-
Brainstorm Studio Advertising Agency Marketing & Advertising
-
Ambrosio & Bellotti, CPAs, PC Accounting Firm
-
Livingston Charge Port Charging Station Electric Vehicle Charging Station
-
Focal Decks And Fence Co. Hardware & Home Improvement General Contractor
-
Estée Lauder Cosmetic Store
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
Suffolk County Industrial Dev · 25 yrs held
Suffolk County Industrial Dev
since 2001
4 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
$105,000
Assessed 2023
Previous assessed
$105,000
+0.0% YoY
Assessed land
$60,000
Assessed improvement
$45,000
Land market value
$109,091
Improvement market value
$81,818
Total market value
$190,909
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
6.6 ac (287,496 SF)
Zoning code
I1
APN
0400-268.00-02.00-012.003
UPID
US63-1786171
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
6.6 ac
Current owner
From public records · entity-resolved
Suffolk County Industrial Dev
Entity
Mailing address
135 PINELAWN RD STE 140N, MELVILLE, NY 11747-3194
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Beginnings 63 W Ln Corp
—
Deed
related
$313,000 · Lendvent Spv 1 LLC
Mar 20, 2001
—
Suffolk County Industrial Dev
Greenway Plaza Office Park-3
Grant Deed
related
—
—
—
Greenway Plaza Office Park-3 L
—
Deed Of Trust
related
$2,814,065 · New York Cmnty Bk
—
—
Greenway Plaza Office Park 3
—
Deed Of Trust
related
$8,000,000 · Roslyn Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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