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Property profile & analytics
OFF-MARKET
Estimated value
$7,115,000
Manufacturing properties
193 Hanse Ave Freeport, NY 11520-4646
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5837980
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
33,186 SF
Lot
2.03 ac (88,470 SF)
APN
62-230-00-0094
UPID
US63-5837980
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
$8.27M
CAP Approach
CAP
$7.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.12M
Owner & transaction history
Ringside Properties 2 LLC · 4 yrs held
Ringside Properties 2 LLC
since 2021
Last sale
$5.7M
6 recorded transactions
Zoning & alternative use
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 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
$8,600,000
ML approach
$8,270,000
CAP Approach
CAP Return
Estimation
6%
$7,915,000
6.5%
$7,305,000
7%
$6,785,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,970,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$7.12M
Range $6.40M – $7.83M · ±10% · vs last sale $5.70M (Nov 24 2021)
Last sale anchor
$5.70M
Nov 24 2021
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
$214 / 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
$118,900
Tax year 2023
Assessed value
$41,803
Assessed 2023
Previous assessed
$32,774
+27.5% YoY
Effective rate
284.43%
On assessed value
Assessed land
$17,693
Assessed improvement
$24,110
Total market value
$4,180,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
33,186 SF
Lot
2.03 ac (88,470 SF)
APN
62-230-00-0094
UPID
US63-5837980
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
Est. value
$11.0M
RETAIL STORES
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
1970
Heating
YES
Cooling
Yes
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Ringside Properties 2 LLC
Entity
Mailing address
28 MACKAY WAY STE #150, ROSLYN, NY 11576-2169
Ownership since
2021
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
Jul 29, 2022
—
Ringside Properties 2 LLC
—
Deed
related
$2,390,000 · Empire State Certified Development Corpo
Nov 24, 2021
$5,700,000
Ringside Properties 2 LLC
Empty Stall LLC
Bargain And Sale Deed
$2,950,000 · Bank Of America
Nov 24, 2021
—
Ringside Properties 2 LLC
—
Deed
related
$2,360,000 · Nybdc Local Development Corp
Feb 10, 2021
—
Empty Stall LLC
Dutch Pants LLC
Bargain And Sale Deed
—
Jun 4, 2008
$1,860,000
Dutch Pants LLC
Abbate,emma
Grant Deed
—
Jan 17, 2007
$10
Emma Abbate
Abbate,joseph
Grant Deed
related
—
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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