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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office buildings
21 2nd St, Riverhead, NY 11901-2752
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-6043718
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Total area
5,132 SF
Lot
0.34 ac (14,810 SF)
Zoning code
DC-3
APN
0600-128.00-06.00-005.001
UPID
US63-6043718
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
-
The Berman Group for Wellness & Nutrition Physician
-
Connelly & Manghan PC Law Firm
-
Macco Law Group, LLP Law Firm Financial Advisor
-
Frederick Scholl Psychiatry Physician
-
Solutions Professional Building Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Opo LLC · 14 yrs held
Opo LLC
since 2012
3 recorded transactions
Zoning & alternative use
DC-3 · Riverhead, 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 Riverhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverhead 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$176 / 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
$92,000
Assessed 2023
Previous assessed
$92,000
+0.0% YoY
Assessed land
$8,400
Assessed improvement
$83,600
Land market value
$90,420
Improvement market value
$899,892
Total market value
$990,312
Applied tax rate
473,002.0000
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
Off-Market
Year built
1935
Heating
HOT WATER
Buildings
1
Stories
1
Bathrooms
3
Total area
5,132 SF
Lot
0.34 ac (14,810 SF)
Zoning code
DC-3
APN
0600-128.00-06.00-005.001
UPID
US63-6043718
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
DC-3 · Riverhead, NY
Zoning DC-3 · permitted uses
DC-3 · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverhead. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Heating
HOT WATER
Stories
1
Buildings
1
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Opo LLC
Entity
Mailing address
32 HILLSIDE AVE, SAG HARBOR, NY 11963-2920
Ownership since
2012
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
Apr 4, 2012
$1,085,000
Opo LLC
Second Street Post Office Real
Grant Deed
$750,000 · Peoples United Bank
Nov 3, 2005
$700,000
Second Street Post Office Real
United States Of America
Grant Deed
$500,000 · Bank Of Smithtown
—
—
Opo LLC
—
Loan Modification
related
$584,236 · People's United Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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