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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Retail space
1941 Wantagh Ave 1943 Wantagh, NY 11793-3950
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-2049189
Property summary
AI-generated overview
This exceptional office property at 1941 Wantagh Avenue in Wantagh, NY 11793, offers a variety of flexible workspace options. The building, totaling 860 square feet, has undergone recent renovations and boasts an excellent location directly across from a McDonald's and next to the Wantagh Train Station, providing unparalleled convenience and visibility. Multiple tenancy is available, with two suites currently available, ranging in size from 490 to 560 square feet. The building's modern amenities include a video intercom system and abundant natural light thanks to numerous windows, creating a bright and productive work environment. The property is ideally suited for businesses seeking executive office space, coworking arrangements, creative office setups, or traditional office layouts. Its prime location offers exceptional signage opportunities and easy access for clients and employees. This is a rare opportunity to secure high-quality office space in a highly desirable and convenient location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.08 ac (3,330 SF)
APN
57-091-00-0108
UPID
US63-2049189
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
-
Glenda I. Alvarado, M.A. CCC/SLP Physician
-
Hardy Global Missions Association / Organization
-
Grounds For A Peel Association / Organization
-
Farmers Insurance - Alexander Coy Insurance Agency
-
The Snug Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$785k
Owner & transaction history
Stv Management LLC · 8 yrs held
Stv Management LLC
since 2017
4 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 Wantagh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wantagh 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%
$830,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,270,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$312 / 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
$33,599
Tax year 2023
Assessed value
$5,721
Assessed 2023
Previous assessed
$6,100
-6.2% YoY
Effective rate
587.29%
On assessed value
Assessed land
$765
Assessed improvement
$4,956
Total market value
$572,100
Applied tax rate
137.0000
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
2,520 SF
Lot
0.08 ac (3,330 SF)
APN
57-091-00-0108
UPID
US63-2049189
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
WAREHOUSE, STORAGE
Est. value
$1.3M
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Stv Management LLC
Entity
Mailing address
3018 MERRICK RD, WANTAGH, NY 11793-4349
Ownership since
2017
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 20, 2019
—
Stv Mgmt LLC
—
Deed
related
$750,000 · National Bk/nyc
Nov 2, 2017
$645,000
Stv Management LLC
1941 Wantagh Ave LLC
Grant Deed
related
$1,000,000 · Aristides Cap Corp
Dec 6, 2007
—
1941 Wantagh Ave LLC
Arist,jeffrey R
Grant Deed
related
—
—
—
Stv Mgmt LLC
—
Deed Of Trust
related
$750,000 · National Bk/nyc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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