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Property profile & analytics
FOR LEASE
Office buildings
2 Corporate Center Dr, Melville, NY 11747
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-5420418
For Lease
1 / 2
$27 SF/Yr
2 Corporate Center Dr, Melville, NY 11747
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
16.2 ac (705,672 SF)
APN
0400-268.00-02.00-017.022
UPID
US63-5420418
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
-
Honeywell Security Security Service
-
East Coast Capital Corporation Loan Service Bank
-
Michael John Schmid - Mortgage Lender Mastermind Loan Service Bank
-
The Law Office of Eric D. Feldman Law Firm
-
Capco Business Capital Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.52M
Owner & transaction history
Melville Corporate LLC · 5 yrs held
Melville Corporate LLC
since 2021
Last sale
$23.0M
5 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 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
Method
Estimation
Statistic approach
$27,560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.52M
Range $22.07M – $26.97M · ±10% · vs last sale $23.00M (Jun 11 2021)
Last sale anchor
$23.00M
Jun 11 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
—
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
$210,000
Assessed 2023
Previous assessed
$210,000
+0.0% YoY
Assessed land
$120,000
Assessed improvement
$90,000
Land market value
$218,182
Improvement market value
$163,636
Total market value
$381,818
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
16.2 ac (705,672 SF)
APN
0400-268.00-02.00-017.022
UPID
US63-5420418
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
Building & site characteristics
From public records
Heating
NONE
Lot
16.2 ac
Current owner
From public records · entity-resolved
Melville Corporate LLC
Entity
Mailing address
232 MADISON AVE RM #204, NEW YORK, NY 10016-2954
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2021
$23,000,000
Melville Corporate LLC
Lsref4 Rebound LLC
Deed
$9,772,030 · Signature Bank
Nov 18, 2020
—
Lsref4 Rebound LLC
—
Deed
related
$22,015,000 · Citibank
Jun 29, 2015
$25,129,342
Lsref4 Rebound LLC
Hub Properties Trust
Grant Deed
—
May 4, 2006
—
Hub Properties Trust
Suffolk County Industrial Dev
Warranty Deed
related
—
—
—
Lsref4 Rebound LLC
—
Loan Modification
related
$22,015,000 · Citibank
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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