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    Property profile & analytics

    240 Merrick Rd Freeport, NY 11520-4029

    • Investment properties
    • 1,488 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $825,000
    Last Sale
    Apr 28, 2021
    $765,000
    Location Intelligence
    Property ID
    US63-1167549
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • La Yarda / Coworking Space
    • Freeport Tire Store / Tire Shop / Wheel Store

    Property Details for 240 Merrick Rd

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    1,488 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    62-00E-00-0810
    APU
    6200E000810

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $835,000
      6.5%
      $890,000
      7%
      $835,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $935,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $995,000
      Retail
      $745,000
      Mixed-Use
      $965,000
      Hospitality
      $750,000
      Educational
      $790,000
      Residential Income
      $745,000
      Energy
      $905,000
      Income-Based Land
      $855,000
      Food Service
      $1,005,000

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Nassau
    State
    New York
    Longitude
    -73.5695
    Latitude
    40.6535
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,042
    $1,540
    $3,205
    $4,745
    -
    $0.00
    $0.00
    $474,500

    Comparable in this City

    • Value Estimation by Request
      632 SF

      114 Long Bch Ave

      STORE/OFFICE (MIXED USE) • 632 SF
      114 Long Bch Ave, Freeport, NY 11520-3441
      View Details
    • Value Estimation by Request
      481 SF

      253 Main St

      STORE/OFFICE (MIXED USE) • 481 SF
      253 Main St, Freeport, NY 11520-4517
      View Details
    • Value Estimation by Request
      9,472 SF

      55 Merrick Rd

      STORE/OFFICE (MIXED USE) • 9,472 SF
      55 Merrick Rd, Freeport, NY 11520-4035
      View Details
    • Value Estimation
      $740,000
      700 SF

      81 Sunrise Hwy

      STORE/OFFICE (MIXED USE) • 700 SF
      81 Sunrise Hwy, Freeport, NY 11520-3924
      View Details
    • Value Estimation by Request
      823 SF

      223 Merrick Rd

      STORE/OFFICE (MIXED USE) • 823 SF
      223 Merrick Rd, Freeport, NY 11520
      View Details
    • Value Estimation by Request
      2,450 SF

      154 Merrick Rd

      STORE/OFFICE (MIXED USE) • 2,450 SF
      154 Merrick Rd, Freeport, NY 11520-4020
      View Details

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    Similar Nearby for Lease

    • $2,750 /Mo
      1,215 SF

      Freeport Mixed-Use Storefront Opportunity

      Commercial storefront on a busy road, ideal for retail/office.
      201 N Main St, Freeport, NY 11520
      View Details
    • $42 SF/Yr
      2,850 SF

      Freeport Industrial/Retail Building For Rent

      2,850 SF industrial/retail building near Sunrise Highway.
      101 E Sunrise Hwy, Freeport, NY 11520
      View Details
    • $800 /Mo

      Small Office Space For Rent

      Office space for rent, utilities included, Freeport, NY
      151 W Merrick Rd, Freeport, NY 11520
      View Details
    • $1,650 /Mo
      1,100 SF

      Freeport Office Space Available

      1100 SF office space in Freeport, NY for lease.
      294 W Merrick Rd, Freeport, NY 11520
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Freeport, NY

      Retail space available for lease in Freeport, New York.
      189 W Merrick Rd, Freeport, NY 11520
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Freeport Center

      Retail space available in high-visibility Freeport shopping center.
      391 S Main St, Freeport, NY 11520
      View Details
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    Freeport, NY 11520-4029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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