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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Banks
199 Wellwood Ave Lindenhurst, NY 11757-4003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3453490
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1961
Total area
4,102 SF
Lot
0.11 ac (4,830 SF)
APN
0103-010.00-01.00-052.000
UPID
US63-3453490
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
-
Patsy's and Son Italian Bakery Bakery Specialty Food Shop
-
James R. Dolan Jr, DSW Foster Care Service Social Service Agency
-
Claire M. Weinberg, LCSW Doctor Social Worker
-
Front Street Medical, P.C. Lindenhurst Medical Clinic
-
James R. Grisi, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$860k
Owner & transaction history
195 N Wellwood Avenue LLC · 3 yrs held
195 N Wellwood Avenue LLC
since 2022
Last sale
$860,000
3 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 Lindenhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindenhurst 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
$835,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,245,000
Current use
COMMERCIAL (GENERAL)
$1,235,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $860k (Jul 20 2022)
Last sale anchor
$860k
Jul 20 2022
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
$210 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$4,760
Assessed 2023
Previous assessed
$4,760
+0.0% YoY
Assessed land
$1,030
Assessed improvement
$3,730
Land market value
$95,370
Improvement market value
$345,370
Total market value
$440,740
Applied tax rate
472,004.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1961
Heating
NONE
Total area
4,102 SF
Lot
0.11 ac (4,830 SF)
APN
0103-010.00-01.00-052.000
UPID
US63-3453490
Jurisdiction
SUFFOLK
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
FINANCIAL BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
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
1961
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
195 N Wellwood Avenue LLC
Entity
Mailing address
3512 STEPHEN LN, WANTAGH, NY 11793-3108
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
$860,000
195 N Wellwood Avenue LLC
Special & Supe Bene Assoc
Deed
—
Oct 4, 2018
—
Special Superior Officers
—
Deed
related
$385,500 · Northeastern Op Eng
Dec 6, 2012
$345,000
Special Be
Mental Health Assn Of Suffolk Cnt
Grant Deed
$276,000 · Northeastern Engineers FCU
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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