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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial real estate
438 Elmont Rd, Elmont, NY 11003-3529
Entity Owned
21-yr Hold
Free & Clear
Property ID
US63-1491119
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Construction
FRAME
Total area
976 SF
Lot
0.12 ac (5,375 SF)
APN
32-644-00-0155
UPID
US63-1491119
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
-
Metropolitan Urologic Services Physician Medical Clinic
-
Carlton B. Barnswell, MD Physician Medical Clinic
-
Advanced Urology Centers Of New York - Elmont Physician Medical Clinic
-
Advanced Urology Centers Of New York Physician Medical Clinic
-
William D. Ulmer, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Colmar LLC · 21 yrs held
Colmar LLC
since 2005
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$855,000
+40.2%
Office building
$690,000
+12.8%
Auto repair, garage
$640,000
+5.0%
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 Elmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmont 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
COMMERCIAL (GENERAL)
$610,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$690,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$640,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$525,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$490,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$548 / 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
Tax billed
$22,440
Tax year 2023
Assessed value
$3,035
Assessed 2023
Previous assessed
$3,035
+0.0% YoY
Effective rate
739.37%
On assessed value
Assessed land
$1,646
Assessed improvement
$1,389
Total market value
$303,500
Applied tax rate
452.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
976 SF
Lot
0.12 ac (5,375 SF)
APN
32-644-00-0155
UPID
US63-1491119
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
COMMERCIAL (GENERAL) Current
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
OFFICE BUILDING
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$640,000
RETAIL STORES
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$490,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Colmar LLC
Entity
Free & Clear · 21 yrs held
Mailing address
438 ELMONT RD, ELMONT, NY 11003-3529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
—
Colmar LLC
—
Deed
related
$376,695 · Peoples Bank NA
Jan 20, 2005
$290,000
Colmar LLC
Grant,fitzclaud & Marcia H
Grant Deed
—
Jan 10, 2000
$212,500
Fitzclaud Grant
Brandi,julius J & Geraldine
Grant Deed
$200,000 · Emigrant Funding Corp
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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