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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
300 Merrick Rd, Lynbrook, NY 11563-2507
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-0255646
Property summary
AI-generated overview
This exceptional Class A office building, located at 300 Merrick Road in Lynbrook, NY 11563, offers 34,652 square feet of versatile space. The property, built in 1975 and extensively renovated in 2017, features a modern lobby, updated common areas, and high-end restroom finishes. Currently, 1,520 square feet of immediately available space is perfect for a variety of uses, including traditional, executive, medical, or creative office setups. The building boasts 16 suites in total, with a minimum divisible space of 1,520 square feet. Ample parking is provided with 78 spaces available for tenants and guests. The building includes two elevators for convenient access to all four floors. Situated on a 1.02-acre lot (44,431 square feet), the building has a 0.78 FAR. Its convenient location in Lynbrook places it within easy reach of Rockville Centre, Valley Stream, Garden City, Great Neck, Hewlett, Woodmere, and Cedarhurst. The property's prime location and modern amenities make it an ideal choice for businesses seeking a sophisticated and functional workspace in Southern Nassau County. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE
Total area
909 SF
Lot
1.02 ac (44,257 SF)
APN
38-521-00-0020
UPID
US63-0255646
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
-
Tools4ever Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Pan-Link International Corporation Freight Service Logistics Company
-
S & D Transfer Shipping Company Freight Service
-
Deans Archer & Co Accounting Firm Tax Preparation
-
Ivy Property Management Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
300 Merrick LLC · 1 yrs held
300 Merrick LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$795,000
+24.3%
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 Lynbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynbrook 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$590,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$611 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$271,373
Tax year 2023
Assessed value
$57,837
Assessed 2023
Previous assessed
$57,837
+0.0% YoY
Effective rate
469.20%
On assessed value
Assessed land
$13,943
Assessed improvement
$43,894
Total market value
$5,783,700
Applied tax rate
286.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
909 SF
Lot
1.02 ac (44,257 SF)
APN
38-521-00-0020
UPID
US63-0255646
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$590,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1975
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.02 ac
Current owner
From public records · entity-resolved
300 Merrick LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2681 E 14TH ST, BROOKLYN, NY 11235-3915
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
—
300 Merrick LLC
Bleecker Apartments LLC
Bargain & Sale Deed
—
Jan 12, 2018
$8,150,000
300 Merrick LLC
Garal Realty Co LLC
Grant Deed
—
Jan 12, 2018
—
300 Merrick LLC
—
Loan Modification, Consolidation And Extension
related
$5,880,000 · Ridgewood Svgs Bk
—
—
Garal Realty Co LLC
—
Deed Of Trust
related
$209,831 · Ridgewood Savings Bank
—
—
Garal Realty Co LLC
—
Deed Of Trust
related
$834,617 · Ridgewood Savings 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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