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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
206 Jericho Tpke, Floral Park, NY 11001-2147
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3984969
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
FRAME
Total area
1,150 SF
Lot
0.05 ac (2,032 SF)
APN
32-064-00-0246
UPID
US63-3984969
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
-
Barbara Ford, Ford Phase ll Realty Corp Real Estate Agency
-
The City Rentals Property Management Company
-
Roy Farid LLP Law Firm
-
Builder Funding Loan Service
-
Ford Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$615k
Owner & transaction history
Barbara Ford · 22 yrs held
Barbara Ford
since 2004
Last sale
$740,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+48.9%
Office building
$810,000
+19.8%
Auto repair, garage
$755,000
+11.6%
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 Floral Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Floral Park 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$810,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $740k (Oct 28 2020)
Last sale anchor
$740k
Oct 28 2020
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
$535 / 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
$10,795
Tax year 2023
Assessed value
$3,058
Assessed 2023
Previous assessed
$3,058
+0.0% YoY
Effective rate
353.01%
On assessed value
Assessed land
$640
Assessed improvement
$2,418
Total market value
$305,800
Applied tax rate
494.0000
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
1923
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
1,150 SF
Lot
0.05 ac (2,032 SF)
APN
32-064-00-0246
UPID
US63-3984969
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
RETAIL STORES Current
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$580,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1923
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Barbara Ford
Individual
Free & Clear · 22 yrs held
Mailing address
8156 247TH ST, BELLEROSE, NY 11426-1715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Mar 22, 2004
—
Barbara Ford
Ford,patricia
Quit Claim Deed
related
—
—
—
Barbara Ford
—
Deed Of Trust
related
$225,000 · Washington Mutual Fsb
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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