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Property profile & analytics
OFF-MARKET Estimated value $1,000,000
Retail space

440 Merrick Rd Valley Stream, NY 11580-5253

1,960 SF 0.28 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US63-0124957
Property summary
AI-generated overview

This exceptional Valley Stream property at 440 West Merrick Road offers a unique opportunity to lease flexible commercial space. The building, totaling 3,779 square feet across two stories, features two available spaces ideal for executive offices or retail use. The first floor offers 1,694 square feet of retail space available for lease at a modified gross rental rate of $35 per square foot annually ($4,940 monthly). The second floor provides 2,085 square feet of office space, also available for lease at a modified gross rental rate of $20 per square foot annually ($3,475 monthly). The entire building is currently vacant. While the spaces require renovation before occupancy, the landlord is offering free rent to offset renovation costs. Conveniently located near public transportation and major roadways, this property benefits from its proximity to a luxury motor dealership. Please note that the building permit restricts uses such as gatherings, events, and churches. Minimum leasable space is 1,694 square feet, with a maximum contiguous space of 2,085 square feet. This presents a rare chance to customize a space to perfectly suit your business needs in a highly desirable Nassau County location. The property's address is 440 W Merrick Rd, Valley Stream, NY 11580.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction FRAME
Total area 1,960 SF
Lot 0.28 ac (12,284 SF)
APN 37-368-00-0004
UPID US63-0124957
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
  • Marino Marble & Granite Works General Contractor Renovation Specialist
  • John S. Pellitteri, PHD Physician Medical Clinic
  • Trans World Moving & Storage Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$840k
Blend (final) Blend
$1.00M
Owner & transaction history
K&m Management Group LLC · 4 yrs held
K&m Management Group LLC
since 2021
Last sale
$1.1M
4 recorded transactions
2021
$1.1M
2016
$545,400
2014
$53,936
2005
$825,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.4M +22.3%
Auto repair, garage $1.3M +13.9%
Commercial (general) $1.3M +12.2%
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