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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Office Units
218 Wellwood Ave Lindenhurst, NY 11757-3704
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-0223745
Property summary
AI-generated overview
This second-floor office space is located in the Village of Lindenhurst. The unit, totaling 239 square feet, offers a bright environment suitable for various professional industries. It features a conference room and an open layout, allowing for flexible configuration. The building is situated on a heavily traveled road, providing exposure to pedestrian and vehicle traffic. It is located minutes away from the LIRR, public transportation, and parkways. Parking is available in the rear parking lot, with free street parking on the side street and metered parking in front of the building. This is a commercial space typically offered for lease.
Property profile
Verified
Property type
Office Units
Use group
SHOW ROOM, WAREHOUSE
Total area
9,702 SF
Lot
0.18 ac (7,725 SF)
APN
0103-007.00-01.00-124.000
UPID
US63-0223745
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
-
Bopp H John Law Firm
-
E F White & Associates Law Firm
-
Teachers Association Lndnhrst Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.49M
Owner & transaction history
Wellwood & Dover LLC · 10 yrs held
Wellwood & Dover LLC
since 2016
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
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
INDUSTRIAL (GENERAL)
$2,340,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±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
$153 / 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
$11,030
Assessed 2023
Previous assessed
$11,030
+0.0% YoY
Assessed land
$2,310
Assessed improvement
$8,720
Land market value
$213,889
Improvement market value
$807,407
Total market value
$1,021,296
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
Office Units
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Total area
9,702 SF
Lot
0.18 ac (7,725 SF)
APN
0103-007.00-01.00-124.000
UPID
US63-0223745
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
INDUSTRIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (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
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Wellwood & Dover LLC
Entity
Free & Clear · 10 yrs held
Mailing address
218 N WELLWOOD AVE, LINDENHURST, NY 11757-3704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jan 14, 2016
$800,000
Wellwood & Dover LLC
218 N Wellwood Avenue LLC
Grant Deed
related
—
Jun 9, 2006
$124,000
218 N Wellwood Ave LLC
Malfitani,a
Grant Deed
—
Apr 1, 2003
—
218 N Wellwood Avenue LLC
Vlachos,carmine
Grant Deed
related
—
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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