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Property profile & analytics
OFF-MARKET
Estimated value
$12,150,000
Warehouses
401 Railroad Ave 409, Westbury, NY 11590-4368
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1686800
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Total area
22,000 SF
Lot
1.1 ac (47,872 SF)
APN
10-229-00-0008
UPID
US63-1686800
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
-
StorQuest Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.15M
Owner & transaction history
401 Railroad LLC · 8 yrs held
401 Railroad LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.5M
+76.5%
Industrial (general)
$19.4M
+75.3%
Neighborhood: shopping center
$19.3M
+74.4%
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 Westbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbury 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
WAREHOUSE, STORAGE
$11,065,000
Current use
RESTAURANT
$19,530,000
Change: +76% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$19,405,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,300,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$15,525,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,460,000
Change: +31% · Conversion: Easy
RETAIL STORES
$12,535,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$12.15M
Range $10.94M – $13.37M · ±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
$552 / 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
Assessed value
$76,613
Assessed 2023
Previous assessed
$76,613
+0.0% YoY
Assessed land
$9,576
Assessed improvement
$67,037
Total market value
$7,661,300
Applied tax rate
703.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
22,000 SF
Lot
1.1 ac (47,872 SF)
APN
10-229-00-0008
UPID
US63-1686800
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
WAREHOUSE, STORAGE Current
Est. value
$11.1M
RESTAURANT
Est. value
$19.5M
INDUSTRIAL (GENERAL)
Est. value
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.3M
OFFICE BUILDING
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$14.5M
RETAIL STORES
Est. value
$12.5M
WAREHOUSE, STORAGE Current
RESTAURANT
INDUSTRIAL (GENERAL)
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
401 Railroad LLC
Entity
Mailing address
201 WILSHIRE BLVD STE #102, SANTA MONICA, CA 90401-3155
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
401 Railroad LLC
—
Deed
related
$116,000,000 · The Northwest Mutual Life Insurance
Jul 2, 2018
$28,000,000
401 Railroad LLC
401 Railroad Sp LLC
Grant Deed
—
Apr 27, 2015
$3,100,000
401 Railroad Sp LLC
Railroad Ave Ents LLC
Grant Deed
related
—
Feb 27, 2014
—
Railroad Avenue Ents LLC
Kaiser Robert & K Trust
Grant Deed
—
Aug 11, 2009
—
Robert Kaiser
—
Trustees Deed
related
$50,000 · Castrovinci & Mady
—
—
Railroad Avenue Ents LLC
—
Deed Of Trust
related
$1,100,000 · Cedar Hill Holdings LLC
—
—
Railroad Avenue Ents LLC
—
Deed Of Trust
related
$1,100,000 · Cedar Hill Holdings LLC
—
—
Nassau County Indl Dev Agcy
—
Deed Of Trust
related
—
—
—
401 Railroad Sp LLC
—
Deed Of Trust
related
$2,177,391 · Td Bk NA
—
—
401 Railroad Sp LLC
—
Deed Of Trust
related
$8,922,609 · Td Bk NA
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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