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Property profile & analytics
OFF-MARKET
Estimated value
$4,395,000
Office buildings
535 Rockaway Ave 535, Valley Stream, NY 11581-1909
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0130928
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
7,470 SF
Lot
0.79 ac (34,630 SF)
APN
39-013-00-0032
UPID
US63-0130928
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
$4.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$4.40M
Owner & transaction history
535 Rock Ave LLC · 4 yrs held
535 Rock Ave LLC
since 2022
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+25.8%
Neighborhood: shopping center
$6.6M
+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 Valley Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley Stream 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
$4,685,000
ML approach
$4,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,270,000
Current use
RESTAURANT
$6,630,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,555,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,910,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,835,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,505,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.83M · ±10% · vs last sale $4.30M (Feb 10 2022)
Last sale anchor
$4.30M
Feb 10 2022
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
$588 / 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
$168,503
Tax year 2023
Assessed value
$18,462
Assessed 2023
Previous assessed
$18,462
+0.0% YoY
Effective rate
912.70%
On assessed value
Assessed land
$6,802
Assessed improvement
$11,660
Total market value
$1,846,200
Applied tax rate
450.0000
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
1962
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Total area
7,470 SF
Lot
0.79 ac (34,630 SF)
APN
39-013-00-0032
UPID
US63-0130928
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
$5.3M
RESTAURANT
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1962
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
535 Rock Ave LLC
Entity
Mailing address
515 ROCKAWAY AVE STE #257, VALLEY STREAM, NY 11581-1909
Ownership since
2022
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
Aug 12, 2022
—
535 Rock Ave LLC
—
Deed
related
$1,465,000 · Orange Bank & Trust Co
Feb 10, 2022
$4,300,000
535 Rock Ave LLC
507 Rockway Ave LLC
Bargain And Sale Deed
$151,671 · Orange Bank & Trust Co
Jan 16, 2019
—
507 Rockaway Ave LLC
—
Deed
related
$670,571 · Signature Bk
—
—
507 Rockaway Ave LLC
—
Deed Of Trust
related
$670,571 · Signature Bk
—
—
507 Rockaway Avenue LLC
—
Deed Of Trust
related
$950,000 · Citibank 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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