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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Investment properties
5087 Sound Ave, Riverhead, NY 11901-5527
Entity Owned
Free & Clear
Property ID
US63-0381814
Property summary
AI-generated overview
This exceptional Riverhead, NY investment property offers a unique blend of commercial and residential income streams. Situated on a high-traffic road, the property comprises two newly renovated buildings totaling 2,300 square feet. The first building, a 600 sq ft liquor store, boasts a fully updated interior, including new counters and a full basement. The second building is a 1,700 sq ft deli featuring a fully equipped kitchen, new lighting, a hot food bar, and a new refrigerator, in addition to an existing walk-in refrigerator. The sale includes the established businesses of both the liquor store and the deli
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1942
Total area
3,753 SF
Lot
0.45 ac (19,602 SF)
Zoning code
10
APN
0600-020.00-04.00-002.000
UPID
US63-0381814
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
-
Sound Avenue Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$930k
Owner & transaction history
5087 Sound Ave LLC
5087 Sound Ave LLC
since 2025
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
10 · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+39.8%
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
Method
Estimation
Statistic approach
$825,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$985,000
Current use
AUTO REPAIR, GARAGE
$1,380,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$800,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $950k (May 20 2025)
Last sale anchor
$950k
May 20 2025
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
$248 / 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
$95,000
Assessed 2023
Previous assessed
$95,000
+0.0% YoY
Assessed land
$27,000
Assessed improvement
$68,000
Land market value
$290,635
Improvement market value
$731,970
Total market value
$1,022,605
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1942
Heating
NONE
Buildings
2
Stories
2
Total area
3,753 SF
Lot
0.45 ac (19,602 SF)
Zoning code
10
APN
0600-020.00-04.00-002.000
UPID
US63-0381814
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
10 · Riverhead, NY
Zoning 10 · permitted uses
10 · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverhead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$800,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1942
Heating
NONE
Stories
2
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
5087 Sound Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5087 SOUND AVE, RIVERHEAD, NY 11901-5527
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
$950,000
5087 Sound Ave LLC
Byron Jade Holdings LLC
Deed
—
Jul 15, 2021
—
Byron Jade Holdings LLC
—
Deed
related
$296,000 · Empire State Certified Development Corp
Apr 20, 2021
$785,000
Byron Jade Holdings LLC
Sound Real Holdings LLC
Deed
$407,500 · M & T Bank
Sep 24, 2010
$600,000
Sound Real Holdings LLC
Wegert,olga
Grant Deed
related
—
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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