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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Distribution centers
255 2nd St, Mineola, NY 11501-3524
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1766256
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1930
Total area
35,820 SF
Lot
0.07 ac (3,084 SF)
APN
09-663-00-0005
UPID
US63-1766256
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
-
Standard Tinsmith Supply Factory Production Facility
-
Mason Scott Industries, LLC Big Box & Wholesale Store Building Supply
-
Allenair Corporation Industrial Manufacturer Production Facility
-
ALLEN AVIONICS, INC Medical Supply Store Electronic Parts Supplier
-
Mineola Damage Restoration Service General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.77M
Blend (final)
Blend
$5.76M
Owner & transaction history
Steel Allen Air LLC · 1 yrs held
Steel Allen Air LLC
since 2024
Last sale
$5.8M
4 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 Mineola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mineola 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
$5,760,000
ML approach
$5,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.76M (Jun 5 2024)
Last sale anchor
$5.76M
Jun 5 2024
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
$161 / 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
Assessed value
$724
Assessed 2024
Previous assessed
$724
+0.0% YoY
Assessed land
$451
Assessed improvement
$273
Total market value
$72,400
Applied tax rate
702.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Stories
1
Total area
35,820 SF
Lot
0.07 ac (3,084 SF)
APN
09-663-00-0005
UPID
US63-1766256
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
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Steel Allen Air LLC
Entity
Free & Clear · 1 yrs held
Mailing address
999 S OYSTER BAY RD STE #200, BETHPAGE, NY 11714-1045
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Steel Allen Air LLC
—
Deed
related
$12,000,000 · City National Bank
Aug 21, 2024
—
Steel Allen Air LLC
Alkier Steel LLC
Correction Deed
related
—
Jun 5, 2024
—
Sthel Allen Air LLC
Alkier Steel LLC
Intrafamily Transfer
related
—
Jun 19, 2019
$5,760,000
Alkier Steel LLC
255 E Second St Realty Corp
Trustees Deed
$12,000,000 · Allair Hldgs INC
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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