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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Investment properties
40 Main St Riverhead, NY 11901-2442
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1685421
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1978
Total area
2,900 SF
Lot
0.07 ac (3,049 SF)
Zoning code
08 - GOVERNMENTAL
APN
0600-128.00-06.00-049.002
UPID
US63-1685421
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
-
Haiku Sushi Restaurant
-
Wriv Radio Station Telecommunications Service
-
ANNE MARIE Healing with Me! Reiki and Intuitive Life Coach Alternative Medicine Practice
-
Healing With Me Medical Clinic Skin Care Clinic
-
Ellis Water Damage Restoration Carpet Cleaning Service Water Damage Restoration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$605k
Owner & transaction history
Hrea 40 E Main St LLC · 4 yrs held
Hrea 40 E Main St LLC
since 2021
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
08 - GOVERNMENTAL · Riverhead, NY
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 Riverhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverhead 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
$630,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
WAREHOUSE, STORAGE
$620,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Sep 2 2021)
Last sale anchor
$600k
Sep 2 2021
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
$209 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$44,540
Assessed 2023
Previous assessed
$44,540
+0.0% YoY
Assessed land
$30,500
Assessed improvement
$14,040
Land market value
$328,310
Improvement market value
$151,130
Total market value
$479,440
Applied tax rate
473,002.0000
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
2
Stories
1
Total area
2,900 SF
Lot
0.07 ac (3,049 SF)
Zoning code
08 - GOVERNMENTAL
APN
0600-128.00-06.00-049.002
UPID
US63-1685421
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
08 - GOVERNMENTAL · Riverhead, NY
Zoning 08 - GOVERNMENTAL · permitted uses
08 - GOVERNMENTAL · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverhead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$620,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1978
Heating
NONE
Stories
1
Buildings
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Hrea 40 E Main St LLC
Entity
Free & Clear · 4 yrs held
Mailing address
889 HARRISON AVE, RIVERHEAD, NY 11901-2090
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
—
40 E Main St LLC
—
Deed
related
$221,206 · Alma Bank
Sep 2, 2021
—
Hrea 40 E Main St LLC
Riverhead Enterprises LP
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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