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Property profile & analytics
OFF-MARKET
Estimated value
$6,960,000
Investment properties
437 Walt Whitman Rd 447, Melville, NY 11747-2106
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1538503
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Lot
0.78 ac (33,977 SF)
Zoning code
C8
APN
0400-233.00-04.00-010.001
UPID
US63-1538503
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
-
Maple Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.96M
Owner & transaction history
Bldg Oceanside RT 110 LLC · 3 yrs held
Bldg Oceanside RT 110 LLC
since 2023
Last sale
$6.7M
4 recorded transactions
Zoning & alternative use
C8 · 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
Method
Estimation
Statistic approach
$6,990,000
ML approach
$7,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.96M
Range $6.26M – $7.66M · ±10% · vs last sale $6.70M (Feb 1 2023)
Last sale anchor
$6.70M
Feb 1 2023
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
—
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
$16,000
Assessed 2023
Previous assessed
$16,000
+0.0% YoY
Assessed land
$6,000
Assessed improvement
$10,000
Land market value
$10,909
Improvement market value
$18,182
Total market value
$29,091
Applied tax rate
472,613.0000
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
Heating
NONE
Lot
0.78 ac (33,977 SF)
Zoning code
C8
APN
0400-233.00-04.00-010.001
UPID
US63-1538503
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
C8 · Melville, NY
Zoning C8 · permitted uses
C8 · 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
0.78 ac
Current owner
From public records · entity-resolved
Bldg Oceanside RT 110 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
417 5TH AVE4FL, NEW YORK, NY 10016-2204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$6,700,000
Bldg Oceanside RT 110 LLC
Ajp Enterprises LLC
Deed
—
Apr 20, 2005
$3,850,000
Ajp Ents LLC
Black Acres Realty
Grant Deed
—
Aug 10, 2004
—
Blackacres Realty
Lemeza Realties
Warranty Deed
related
—
—
—
Ajp Ents LLC
—
Deed Of Trust
related
$397,798 · Ridgewood Savings Bank
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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