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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Investment properties
360 Merrick Rd, Valley Stream, NY 11580-5344
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-6081042
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2013
Total area
1,284 SF
Lot
0.36 ac (15,899 SF)
APN
37-346-00-0925
UPID
US63-6081042
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
-
Enterprise Rent-A-Car Car Rental Facility
-
Behavioral Health Consultants-Ny Crisis Center Medical Clinic
-
ClearSound Hearing Centers (Long Island Queens Hearing Associates) Audiologist Hearing Aid Store
-
Church of the Nazarene Church
-
Exclusive Merchandising INC Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Promenade 360 LLC · 3 yrs held
Promenade 360 LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+35.5%
Office building
$905,000
+9.0%
Auto repair, garage
$845,000
+1.5%
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 Valley Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley Stream 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
COMMERCIAL (GENERAL)
$830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$845,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$740,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$681 / 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
$29,471
Tax year 2023
Assessed value
$3,686
Assessed 2023
Previous assessed
$3,686
+0.0% YoY
Effective rate
799.54%
On assessed value
Assessed land
$3,686
Total market value
$368,600
Applied tax rate
450.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,284 SF
Lot
0.36 ac (15,899 SF)
APN
37-346-00-0925
UPID
US63-6081042
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
COMMERCIAL (GENERAL) Current
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$845,000
RETAIL STORES
Est. value
$740,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Promenade 360 LLC
Entity
Mailing address
866 STEWART AVE #2, GARDEN CITY, NY 11530
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2023
—
Promenade 360 LLC
—
Deed
related
$4,430,000 · Bayport Funding LLC
Aug 16, 2022
$1,500,000
Promenade 360 LLC
Charles S Green
Bargain & Sale Deed
$1,570,000 · Bayport Funding LLC
Feb 1, 2018
$999,900
Padam Ents LLC
360 West Merrick Realty LLC
Grant Deed
—
Nov 2, 2011
—
360 West Merrick Realty LLC
Pjb Properties LLC
Grant Deed
—
Jan 26, 2011
$400,000
Pjb Properties LLC
Boening,eugene
Grant Deed
—
Jan 13, 2006
—
Eugene Boening
Jumbo Investments
Quit Claim Deed
related
—
Dec 5, 2005
$169,000
360 West Merrick Rd Land Trust
Atfh Real Property LLC
Grant Deed
—
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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