Property profile

389 Merrick Ave Merrick, NY 11566

OFF-MARKET
Investment properties
Property ID
US63-3109366
748 SF 0.06 ac lot Built 2007
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2007
Total area 748 SF
Lot 0.06 ac (2,500 SF)
APN 55-052-00-0007
UPID US63-3109366

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
  • Physician
  • Pediatrician Physician
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician

Location

389 Merrick Ave Merrick, NY 11566-2723
Merrick metro Census 415000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$799k
Blend (final) Blend
$1.02M

Owner & transaction history

since 2024
Last sale
$1.1M
2 recorded transactions
2024
$1.1M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $655,000 +35.5%

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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