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Property profile & analytics
OFF-MARKET
Turn key restaurants
300 Woodcleft Ave, Freeport, NY 11520-6360
Entity Owned
~
Est. High Equity
Property ID
US63-2771456
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
3,400 SF
Lot
0.08 ac (3,600 SF)
APN
62-189-00-0164
UPID
US63-2771456
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
-
Nautical Mile Convenience Grocery & Convenience Store
-
Ralph's famous Italian Ices and Ice cream of Freeport Grocery & Convenience Store Specialty Food Shop
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SOURCE ABSTRACT, INC. Title Company
-
H2 Development Corp. Construction Company
-
Backyard Slices 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
New York Land Development II Corp
New York Land Development II Corp
since 2025
Last sale
$200,000
7 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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,277
Tax year 2023
Assessed value
$1,121
Assessed 2023
Previous assessed
$1,121
+0.0% YoY
Effective rate
381.53%
On assessed value
Assessed land
$1,040
Assessed improvement
$81
Total market value
$112,100
Applied tax rate
7.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Total area
3,400 SF
Lot
0.08 ac (3,600 SF)
APN
62-189-00-0164
UPID
US63-2771456
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
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
New York Land Development II Corp
Entity
Mailing address
981 WALLACE AVE, NORTH BALDWIN, NY 11510-2140
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
Turbo Holdings LLC
—
Deed
related
$900,000 · Red Devils Systems INC
Nov 3, 2025
$15,482
New York Land Development II Corp
David Y Chiang
Bargain & Sale Deed
—
Jun 5, 2024
$600,000
Turbo Holdings LLC
Waterview Realty Corp
Bargain & Sale Deed
$625,000 · Wolfstock LLC
Jul 1, 2021
$200,000
300 Woodcleft Avenue LLC
379 Woodcleft Nautical Mile LLC
Bargain And Sale Deed
—
Sep 28, 2016
$870,000
397 Woodcleft Nautical Mile Ll
Paradise On The Mile LLC
Grant Deed
$650,000 · Private Cap Fund
Aug 14, 2013
—
Paradise On The Mile LLC
—
Trustees Deed
related
$300,000 · Prime Properties USA 2011 LLC
Sep 26, 2011
—
Mermaid Realty Corp
379 Woodcleft Realty LLC
Quit Claim Deed
related
—
Dec 24, 2009
$1,500,000
379 Woodcleft Realty LLC
Mermaid Realty Corp
Grant Deed
—
—
—
Paradise On The Mile LLC
—
Deed Of Trust
related
$300,000 · Donald A Direnzo
—
—
Paradise On The Mile LLC
—
Deed Of Trust
related
$300,000 · Donald A Direnzo
—
—
Paradise On The Mile LLC
—
Deed Of Trust
related
$775,000 · Bethpage FCU
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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