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Property profile & analytics
OFF-MARKET
Estimated value
$2,760,000
Retail space
23102 Merrick Blvd, Laurelton, NY 11413-2127
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-0027680
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
9,900 SF
Lot
0.23 ac (10,200 SF)
Zoning code
R3-2
APN
13158-0028
UPID
US63-0027680
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
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.76M
Owner & transaction history
Douglaston Realty LLC · 10 yrs held
Douglaston Realty LLC
since 2016
6 recorded transactions
Zoning & alternative use
R3-2 · Laurelton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.4M
+3.6%
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 Laurelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurelton 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%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,260,000
Current use
WAREHOUSE, STORAGE
$4,415,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$3,665,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.76M
Range $2.48M – $3.04M · ±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
$279 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$119,812
Tax year 2024
Assessed value
$1,168,650
Assessed 2024
Previous assessed
$1,111,000
+5.2% YoY
Effective rate
10.25%
On assessed value
Assessed land
$139,500
Assessed improvement
$1,029,150
Land market value
$310,000
Improvement market value
$2,287,000
Total market value
$2,597,000
Applied tax rate
4.0000
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
1930
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
9,900 SF
Lot
0.23 ac (10,200 SF)
Zoning code
R3-2
APN
13158-0028
UPID
US63-0027680
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Laurelton, NY
Zoning R3-2 · permitted uses
R3-2 · Laurelton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurelton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
1930
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Douglaston Realty LLC
Entity
Mailing address
8 CV LN, GREAT NECK, NY 11024-1723
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2016
$6,690,000
Douglaston Realty LLC
Yahoo Green LLC
Grant Deed
—
Sep 15, 2011
$3,975,000
Yahoo Green LLC
Regatta Realty Group LLC
Grant Deed
$211,324 · Sovereign Bank
Mar 2, 2004
$925,000
Regatta Realty Group LLC
Sun & Sons Real Estate Corp
Grant Deed
—
—
—
Regatta Realty Group LLC
—
Deed Of Trust
related
$1,505,000 · Independence Community Bank
—
—
Regatta Realty Group LLC
—
Deed Of Trust
related
$875,000 · Independence Community Bank
—
—
Yahoo Green LLC
—
Deed Of Trust
related
$2,400,000 · Sovereign 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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