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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Investment properties
196 Laurel Ave, Northport, NY 11768-3168
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-6051467
Property summary
AI-generated overview
This exceptional Northport Village commercial property, located at 196 Laurel Avenue, offers 1,736 square feet of fully renovated space ideal for various uses, including wellness centers, professional offices, or retail stores. Boasting high visibility, the property includes three rentable units and ten private parking spaces, providing ample convenience for tenants and customers. Its strategic location offers easy access to Route 25A (Fort Salonga Rd.) and Laurel Avenue, ensuring excellent accessibility. The building features a modern HVAC system, including a Daikin Fit heat pump (retail space) and Gree mini-split units (office space), along with a gas-fired baseboard heating system (supplemental). Annual expenses are estimated at approximately $15,183 in taxes (including village taxes), $245 for SCWA, $1,200 for PSEG, $780 for National Grid, and $90 for sewer. The asking price is $900,000, and the owner may consider holding a first mortgage. This presents a compelling investment opportunity in a thriving Northport location. The property's versatile design and prime location make it an attractive prospect for a wide range of businesses.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.11 ac (4,792 SF)
Zoning code
R8.5
APN
0404-014.00-01.00-008.002
UPID
US63-6051467
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
-
Cobble Cat Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Back Nine Laf Prop LLC · 1 yrs held
Back Nine Laf Prop LLC
since 2025
Last sale
$812,000
2 recorded transactions
Zoning & alternative use
R8.5 · Northport, 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 Northport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northport 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
$750,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $812k (Feb 27 2025)
Last sale anchor
$812k
Feb 27 2025
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
—
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
$3,600
Assessed 2023
Previous assessed
$3,600
+0.0% YoY
Assessed land
$1,600
Assessed improvement
$2,000
Land market value
$156,863
Improvement market value
$196,078
Total market value
$352,941
Applied tax rate
472,604.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.11 ac (4,792 SF)
Zoning code
R8.5
APN
0404-014.00-01.00-008.002
UPID
US63-6051467
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
R8.5 · Northport, NY
Zoning R8.5 · permitted uses
R8.5 · Northport, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Back Nine Laf Prop LLC
Entity
Free & Clear · 1 yrs held
Mailing address
196 LAUREL AVE, NORTHPORT, NY 11768-3168
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
$812,000
Back Nine Laf Prop LLC
Gold Hammer Hld Corp
Deed
—
Nov 9, 2006
$525,000
Gold Hammer Holding Corp
Damulewicz,anthony JR
Warranty Deed
—
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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