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Property profile & analytics
OFF-MARKET
Office buildings
40 Marcus Dr, Melville, NY 11747-4269
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-2721198
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
6 ac (261,360 SF)
Zoning code
R40
APN
0400-267.00-02.00-021.000
UPID
US63-2721198
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
-
Island Tax and Accounting Group, LLC Accounting Firm Tax Preparation
-
NV5 Engineering Consultant
-
Greyhawk North America Construction Company
-
Timberland Brokerage Insurance Agency
-
EPIC Insurance Brokers & Consultants Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
James Depre
James Depre
since 2025
6 recorded transactions
Zoning & alternative use
R40 · Melville, 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 Melville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$75,000
Assessed 2023
Previous assessed
$90,000
-16.7% YoY
Assessed land
$21,000
Assessed improvement
$54,000
Land market value
$38,182
Improvement market value
$98,182
Total market value
$136,364
Applied tax rate
472,605.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
6 ac (261,360 SF)
Zoning code
R40
APN
0400-267.00-02.00-021.000
UPID
US63-2721198
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
R40 · Melville, NY
Zoning R40 · permitted uses
R40 · Melville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
6 ac
Current owner
From public records · entity-resolved
James Depre
Individual
Mailing address
98 CUTTERMILL RD STE 475N, GREAT NECK, NY 11021-3006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
James Depre
—
Deed
related
$280,000 · Interstate Home Loan Center INC
Apr 25, 2023
—
11 Wedgewood Lane LLC
—
Deed
related
$100,000 · Solomon H Mcrmk PLLC
Oct 2, 2017
—
50 Republic Road LLC
—
Deed
related
$264,317 · Natixis R/e Cap
Jun 5, 2017
—
50 Republic Road LLC
—
Deed
related
$16,000,000 · Us Bk
—
—
50 Republic Road LLC
—
Deed Of Trust
related
$264,317 · Natixis R/e Cap
—
—
50 Republic Road LLC
—
Loan Modification, Consolidation And Extension
related
$16,000,000 · Us Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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