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Property profile & analytics
OFF-MARKET
Estimated value
$6,985,000
Outlet malls
3041 Hempstead Tpke, Levittown, NY 11756-1332
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1240063
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,000 SF
Lot
1.41 ac (61,376 SF)
APN
45-00M-00-0060
UPID
US63-1240063
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
-
Pickles Plus Food Market Grocery & Convenience Store
-
Cellular 1SATELLITE Levittown Electronics & Wireless Store
-
The Club House Family Recreation Center
-
Nuha Jewelers (Bike/Boat/Book/etc) Store
-
Shema Jewelry Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.45M
Blend (final)
Blend
$6.99M
Owner & transaction history
Weinsten Ents INC · 6 yrs held
Weinsten Ents INC
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+55.8%
Neighborhood: shopping center
$8.8M
+54.0%
Office building
$7.1M
+23.8%
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 Levittown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Levittown 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
RETAIL STORES
$5,700,000
Current use
RESTAURANT
$8,880,000
Change: +56% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,775,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$7,055,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,570,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,475,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,030,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$6.99M
Range $6.29M – $7.68M · ±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
$699 / 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
$849,297
Tax year 2023
Assessed value
$101,419
Assessed 2023
Previous assessed
$101,419
+0.0% YoY
Effective rate
837.41%
On assessed value
Assessed land
$13,101
Assessed improvement
$88,318
Total market value
$10,141,900
Applied tax rate
5.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
10,000 SF
Lot
1.41 ac (61,376 SF)
APN
45-00M-00-0060
UPID
US63-1240063
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
RETAIL STORES Current
Est. value
$5.7M
RESTAURANT
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Weinsten Ents INC
Entity
Mailing address
52 ROCKRIDGE FARM CT, CARMEL, NY 10512-4737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Weinsten Ents INC
—
Deed
related
$4,200,000 · Putnam Cnty Nat'l Bk/carmel
—
—
Weinsten Ents INC
—
Deed Of Trust
related
$4,200,000 · Putnam Cnty Nat'l Bk/carmel
—
—
Weinstein Ents INC
—
Loan Modification, Consolidation And Extension
related
$5,373,387 · Putnam Cnty Nat'l Bk/carmel
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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