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Property profile & analytics
FOR LEASE
Strip malls
290 Larkin Dr, Monroe, NY 10950
Entity Owned
18-yr Hold
Free & Clear
Property ID
US63-1359789
For Lease
Contact for pricing
290 Larkin Dr, Monroe, NY 10950
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Lot
12.1 ac (527,076 SF)
Zoning code
IB
APN
335809 225-1-16.12
UPID
US63-1359789
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Annie's Nails & Tanning Salon Nail Salon
-
IHOP Restaurant
-
TenderFix by Noah Schnapp Restaurant
-
Pardon My Cheesesteak Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Melissa & James Realty INC · 18 yrs held
Melissa & James Realty INC
since 2008
6 recorded transactions
Zoning & alternative use
IB · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2021Property tax & assessments
Tax year 2021
Assessed value
$1,746,700
Assessed 2023
Previous assessed
$1,746,700
+0.0% YoY
Assessed land
$536,800
Assessed improvement
$1,209,900
Land market value
$1,832,072
Improvement market value
$4,129,328
Total market value
$5,961,400
Applied tax rate
334,001.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Lot
12.1 ac (527,076 SF)
Zoning code
IB
APN
335809 225-1-16.12
UPID
US63-1359789
Jurisdiction
ORANGE
Zoning & alternative use
IB · Monroe, NY
Zoning IB · permitted uses
IB · Monroe, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
12.1 ac
Current owner
From public records · entity-resolved
Melissa & James Realty INC
Entity
Free & Clear · 18 yrs held
Mailing address
290 LARKIN DR, MONROE, NY 10950-4947
Ownership since
2008
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
Jun 5, 2025
—
Harriman Commons LLC
—
Deed
related
$356,873 · Flushing Savings Bank
Jan 28, 2021
—
Harriman Commons LLC
—
Deed
related
$17,395,379 · New York Com'l Bk
Jan 25, 2008
$8,500,000
Melissa & James Realty INC
Fbg Tjm Harriman LLC
Grant Deed
—
Mar 24, 2005
—
Fbg Tjm Harriman LLC
Fbg Shop Ctr LLC
Quit Claim Deed
related
—
Mar 26, 2002
—
Fbg Shop Ctr LLC
—
Deed Of Trust
related
$5,000,000 · Israel Discount Bank New York
—
—
Harriman Commons LLC
—
Loan Modification
related
$17,395,379 · New York Com'l Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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