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Property profile & analytics
OFF-MARKET
Parking lots & garages
506 Main St Riverhead, NY 11901-2557
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0572340
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.46 ac (20,038 SF)
Zoning code
DC-1
APN
0600-129.00-03.00-031.000
UPID
US63-0572340
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Atlantis Holding Co LLC · 15 yrs held
Atlantis Holding Co LLC
since 2010
7 recorded transactions
Zoning & alternative use
DC-1 · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ustrial (LI) Zoning Use District (§ 301-125 - § 301-129) Article XXVII Industrial Receiving District (§ 301-130 - § 301-134) Article XXVIII Adult Uses (§ 301-135 - § 301-139) Article XXIX Downtown Center 1: Main Street (DC-1) Zoning Use District (§ 301-140 - § 301-143) Article XXX Downtown Center 2: Waterfront (DC-2) Zoning Use District (§ 301-144 - § 301-14…
Zone name
Downtown Center 1 Main Street
General category
COMMERCIAL
Zone area
36.94 ac
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 Riverhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverhead 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$29,700
Assessed 2023
Previous assessed
$29,700
+0.0% YoY
Assessed land
$29,700
Land market value
$319,699
Total market value
$319,699
Applied tax rate
473,002.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.46 ac (20,038 SF)
Zoning code
DC-1
APN
0600-129.00-03.00-031.000
UPID
US63-0572340
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
DC-1 · Riverhead, NYZoning DC-1 · permitted uses
DC-1 · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ustrial (LI) Zoning Use District (§ 301-125 - § 301-129) Article XXVII Industrial Receiving District (§ 301-130 - § 301-134) Article XXVIII Adult Uses (§ 301-135 - § 301-139) Article XXIX Downtown Center 1: Main Street (DC-1) Zoning Use District (§ 301-140 - § 301-143) Article XXX Downtown Center 2: Waterfront (DC-2) Zoning Use District (§ 301-144 - § 301-147) Article XXXI Downtown Center 3: Office (DC-3) Zoning Use District (§ 301-148 - §
Zone name
Downtown Center 1 Main Street
General category
COMMERCIAL
Zone area
36.94 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Atlantis Holding Co LLC
Entity
Mailing address
431 E MAIN ST, RIVERHEAD, NY 11901-2556
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2013
—
Atlantis Holding Co LLC
—
Trustees Deed
related
$1,440,000 · Town Of Riverhead
Oct 25, 2010
—
Atlantis Holding Co LLC
Atlantis Holdings LLC
Quit Claim Deed
related
$4,583,675 · Td Bank NA
Sep 22, 2005
$500,000
Atlantis Holding LLC
Massab,ronald G
Grant Deed
—
Nov 1, 2002
$350,000
Ronald G Massab
Zahler,kenneth B & Joann
Grant Deed
—
—
—
Town Of Riverhead Indl Dev Agcy
—
Deed Of Trust
related
$1,910,000 · Td Bank NA
—
—
Town Of Riverhead Indl Dev Agcy
—
Deed Of Trust
related
$2,400,000 · Td Bank NA
—
—
Atlantis Holding Co LLC
—
Deed Of Trust
related
$15,250,000 · Td Bk NA
—
—
Hp East End Riverhead LLC
—
Deed Of Trust
related
$6,100,000 · Td Bank NA
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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