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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Banks
475 Sunrise Hwy West Babylon, NY 11704-6021
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-6145308
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1970
Total area
3,347 SF
Lot
0.5 ac (21,780 SF)
Zoning code
EB
APN
0100-157.00-01.00-045.000
UPID
US63-6145308
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
-
Fabrizio Funeral Chapels Social Service Agency
-
On Target Media LLC Publishing House
-
Larissa Fomitcheva Physician
-
Alex Leyberman, LAC Medical Clinic Alternative Medicine Practice
-
Dr. Larissa Fomitcheva Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$1.28M
Owner & transaction history
Fabrizio Funeral Chap LLC · 3 yrs held
Fabrizio Funeral Chap LLC
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
EB · West Babylon, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+57.2%
Auto repair, garage
$1.2M
+21.3%
Commercial (general)
$1.1M
+3.7%
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 West Babylon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Babylon 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
$1,250,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,015,000
Current use
OFFICE BUILDING
$1,595,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,230,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,050,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.27M (May 22 2023)
Last sale anchor
$1.27M
May 22 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
$382 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$6,060
Assessed 2023
Previous assessed
$6,060
+0.0% YoY
Assessed land
$2,420
Assessed improvement
$3,640
Land market value
$3,667
Improvement market value
$5,515
Total market value
$9,182
Applied tax rate
472,002.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Total area
3,347 SF
Lot
0.5 ac (21,780 SF)
Zoning code
EB
APN
0100-157.00-01.00-045.000
UPID
US63-6145308
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
EB · West Babylon, NYZoning EB · permitted uses
EB · West Babylon, NY
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
FINANCIAL BUILDING Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
FINANCIAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Fabrizio Funeral Chap LLC
Entity
Mailing address
2829 FRANKEL BLVD, MERRICK, NY 11566-5431
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
$1,270,000
Fabrizio Funeral Chap LLC
David 475 Group LLC
Deed
$1,050,000 · Select Funding Group
Jan 4, 2010
$830,000
David 475 Group LLC
David Pj LLC
Grant Deed
related
$50,000 · Td Bank NA
Jul 18, 2007
$1,315,000
David Pj LLC
Mikal Realty LLC
Grant Deed
related
—
May 9, 2003
—
Mikal Realty LLC
Mikal Realty Co
Quit Claim Deed
related
—
—
—
Mikal Realty LLC
—
Deed Of Trust
related
$200,000 · M & T Real Estate Trust
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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