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Property profile & analytics
FOR LEASE
Office buildings
1800 Walt Whitman Rd, Melville, NY 11747
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0110501
For Lease
1 / 2
Contact for pricing
1800 Walt Whitman Rd, Melville, NY 11747
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
4.5 ac (196,020 SF)
Zoning code
I1
APN
0400-265.00-02.00-006.000
UPID
US63-0110501
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
-
Jennifer A. Leahy - Attorney at Law Law Firm
-
NYS DMV Vehicle Safety and Clean Air Sustainability Organization
-
Cms LLC Insurance Agency
-
AC Risk Management Inc. Insurance Agency
-
Michael Ciminiello, M.D. Physician
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
1800 Walt Whitnab Cw Nf · 5 yrs held
1800 Walt Whitnab Cw Nf
since 2020
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
$41,000
Assessed 2023
Previous assessed
$52,000
-21.2% YoY
Assessed land
$15,000
Assessed improvement
$26,000
Land market value
$27,273
Improvement market value
$47,273
Total market value
$74,546
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
4.5 ac (196,020 SF)
Zoning code
I1
APN
0400-265.00-02.00-006.000
UPID
US63-0110501
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
4.5 ac
Current owner
From public records · entity-resolved
1800 Walt Whitnab Cw Nf
Individual
Mailing address
CO STERLING EQUITIES INC, GREAT NECK, NY 11021
Ownership since
2020
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
May 8, 2023
—
1800 Walt Whitman LLC
—
Deed
related
$890,000 · Valley Bank
Oct 9, 2020
—
1800 Walt Whitnab Cw Nf
1800 Walt Whitnab Cw Nf
Deed
related
$4,800,000 · Bbva USA
Jan 27, 2006
$8,900,000
1800 Walt Whitman Cw Nf LLC
Blue Canyon 1800
Grant Deed
related
—
—
—
1800 Walt Whitman Cw Nf LLC
—
Loan Modification, Consolidation And Extension
related
$4,800,000 · Bbva USA
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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