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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Investment properties
2 Heitz Pl Ste 10 Hicksville, NY 11801-3197
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2736705
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Total area
3,990 SF
Lot
0.55 ac (23,871 SF)
APN
12-233-00-0001
UPID
US63-2736705
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.82M
Blend (final)
Blend
$4.03M
Owner & transaction history
Faizan E Aisha INC · 2 yrs held
Faizan E Aisha INC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.5M
+2.6%
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 Hicksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hicksville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,500,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$3,120,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±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
$1,010 / 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
$129,205
Tax year 2023
Assessed value
$18,783
Assessed 2023
Previous assessed
$18,783
+0.0% YoY
Effective rate
687.88%
On assessed value
Assessed land
$6,687
Assessed improvement
$12,096
Total market value
$1,878,300
Applied tax rate
601.0000
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,990 SF
Lot
0.55 ac (23,871 SF)
APN
12-233-00-0001
UPID
US63-2736705
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
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
0.55 ac
Current owner
From public records · entity-resolved
Faizan E Aisha INC
Entity
Free & Clear · 2 yrs held
Mailing address
10 HEITZ PL, HICKSVILLE, NY 11801-3104
Ownership since
2023
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
Dec 20, 2023
—
Faizan E Aisha INC
Fa Hicksville Properties LLC
Bargain And Sale Deed
—
Apr 29, 2021
$1,750,000
Fa Hicksville Properties LLC
Aldrich Management Co LLC
Bargain And Sale Deed
$750,000 · United Properties LP
Aug 2, 2019
—
Aldrich Mgmt Co LLC
—
Loan Modification, Consolidation And Extension
related
$1,495,000 · Investors Bk
Dec 21, 2011
—
Aldrich Management Co LLC
Woodbury Road LLC
Deed In Lieu Of Foreclosure
related
—
Mar 14, 2008
$2,762,500
Woodbury Road LLC
United Properties Corp
Grant Deed
$1,149,700 · Aldrich Management Co LLC
—
—
United Properties Corp
—
Deed Of Trust
related
$622,545 · Independence Community Bank
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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