Property profile

3242 Railroad Ave 3258 Wantagh, NY 11793

OFF-MARKET
Retail space
Property ID
US63-2649257
2,228 SF 0.27 ac lot Built 1949
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,228 SF
Lot 0.27 ac (11,892 SF)
APN 57-094-00-0012
UPID US63-2649257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

3242 Railroad Ave, Unit 3258 Wantagh, NY 11793-3709
Wantagh metro Census 415700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$2.25M

Owner & transaction history

since 2022
Last sale
$2.4M
1 recorded transaction
2022
$2.4M

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $2.0M +54.0%
Office building $1.6M +23.8%
Auto repair, garage $1.5M +15.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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