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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Manufacturing properties
260 Spagnoli Rd, Melville, NY 11747-3512
Individually Owned
9-yr Hold
Free & Clear
Property ID
US63-0131516
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
9.6 ac (418,176 SF)
Zoning code
I2
APN
0400-265.00-01.00-011.007
UPID
US63-0131516
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
-
Cadogan Tate Storage Facility
-
Adjustable Shelving Brand Hardware & Home Improvement
-
Knickerbocker Bathroom Partitions, LLC Factory Production Facility
-
Karp Associates Inc Production Facility Building Supply
-
Ponderosa Packaging Corporation Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Town Of Huntington · 9 yrs held
Town Of Huntington
since 2017
7 recorded transactions
Zoning & alternative use
I2 · Melville, 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 Melville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melville 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
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
—
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
$100,000
Assessed 2023
Previous assessed
$100,000
+0.0% YoY
Assessed land
$28,500
Assessed improvement
$71,500
Land market value
$51,818
Improvement market value
$130,000
Total market value
$181,818
Applied tax rate
472,605.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
9.6 ac (418,176 SF)
Zoning code
I2
APN
0400-265.00-01.00-011.007
UPID
US63-0131516
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
I2 · Melville, NY
Zoning I2 · permitted uses
I2 · Melville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
9.6 ac
Current owner
From public records · entity-resolved
Town Of Huntington
Individual
Free & Clear · 9 yrs held
Mailing address
260 SPAGNOLI RD, MELVILLE, NY 11747-3512
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2020
—
Gold Realty Ny LLC
—
Deed
related
$4,000,000 · Td Bank NA
Feb 9, 2018
—
Gold Realty Ny LLC
—
Loan Modification, Consolidation And Extension
related
$12,500,000 · Td Bk NA
May 18, 2017
—
Gold Realty Ny LLC
—
Deed
related
$1,000,000 · Td Bank NA
Jan 27, 2017
—
Town Of Huntington
Gold Realty Ny LLC
Grant Deed
related
—
Dec 27, 2016
—
Suffolk County Industrial Developme
—
Deed
related
$4,500,000 · Td Bank NA
Dec 22, 2016
—
Gold Realty Ny LLC
Suffolk County Indl Dev Agcy
Quit Claim Deed
related
—
Jun 5, 2012
—
Suffolk County Indl Dev Agcy
Gold Realty Ny LLC
Grant Deed
$4,000,000 · Td Bank NA
Jun 29, 2011
$7,050,000
Gold Realty Ny LLC
Mason Brothers Real Estate LLC
Grant Deed
—
Aug 28, 2007
$10,000,000
Mason Brothers Real Estate LLC
Mason,t & T
Grant Deed
related
—
—
—
Gold Realty Ny LLC
—
Deed Of Trust
related
$1,000,000 · Td Bk NA
—
—
Suffolk County Indl Dev Agcy
—
Deed Of Trust
related
$4,500,000 · Td Bk NA
—
—
Gold Realty Ny LLC
—
Deed Of Trust
related
$3,744,535 · Td Bk NA
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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