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Property profile & analytics
OFF-MARKET
Estimated value
$7,660,000
Office buildings
485 Underhill Blvd Syosset, NY 11791-3434
Entity Owned
19-yr Hold
Free & Clear
Property ID
US63-0201228
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
11,896 SF
Lot
1.98 ac (86,249 SF)
APN
15-169-00-0017
UPID
US63-0201228
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
-
Legacy Edge Advisors Financial Advisor
-
Eschen Seth Law Firm
-
Northwood Ventures Financial Advisor
-
Askstefanie Medical Clinic
-
Amy Rosenberg, PsyD 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
$7.66M
Owner & transaction history
485 Underhill Blvd LLC · 19 yrs held
485 Underhill Blvd LLC
since 2006
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+25.8%
Neighborhood: shopping center
$10.4M
+24.3%
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 Syosset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Syosset 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
OFFICE BUILDING
$8,395,000
Current use
RESTAURANT
$10,560,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,435,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,820,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,700,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,175,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$6,780,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$7.66M
Range $6.89M – $8.43M · ±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
$644 / 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
$278,879
Tax year 2023
Assessed value
$46,730
Assessed 2023
Previous assessed
$46,730
+0.0% YoY
Effective rate
596.79%
On assessed value
Assessed land
$16,350
Assessed improvement
$30,380
Total market value
$4,673,000
Applied tax rate
587.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
11,896 SF
Lot
1.98 ac (86,249 SF)
APN
15-169-00-0017
UPID
US63-0201228
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
OFFICE BUILDING Current
Est. value
$8.4M
RESTAURANT
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
1.98 ac
Current owner
From public records · entity-resolved
485 Underhill Blvd LLC
Entity
Free & Clear · 19 yrs held
Mailing address
100 N VLG AVE, ROCKVILLE CENTRE, NY 11570-3767
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2016
—
485 Underhill Blvd LLC
—
Deed
related
$1,188,659 · Signature Bank
Oct 3, 2006
—
485 Underhill Blvd LLC
Bader Brothers LLC
Quit Claim Deed
related
—
Jul 11, 2006
$8,100,000
485 Underhill Blvd LLC
Syosset Plaza Associates
Grant Deed
$5,800,000 · Intervest National Bank
Apr 2, 1999
—
Syosset Plaza Associates
Marino,william A
Quit Claim Deed
related
$1,233,334 · European American Bank
—
—
485 Underhill Blvd LLC
—
Loan Modification, Consolidation And Extension
related
$5,900,000 · Signature Bk
—
—
485 Underhill Blvd LLC
—
Deed Of Trust
related
$5,261,570 · Intervest National 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.
Try Rey
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