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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Day care centers
55 Hemp-babylon Tpke Freeport, NY 11520
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2564061
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1957
Construction
FRAME
Total area
5,079 SF
Lot
3.8 ac (165,528 SF)
APN
55-00F-00-0002
UPID
US63-2564061
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Coleson Properties LLC · 5 yrs held
Coleson Properties LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$665,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$955,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: 0% · Conversion: Difficult
RESTAURANT
$630,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Jun 30 2021)
Last sale anchor
$650k
Jun 30 2021
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
$128 / 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
$108,675
Tax year 2023
Assessed value
$25,714
Assessed 2023
Previous assessed
$25,714
+0.0% YoY
Effective rate
422.63%
On assessed value
Assessed land
$9,411
Assessed improvement
$16,303
Total market value
$2,571,400
Applied tax rate
352.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1957
Construction
FRAME
Heating
FORCED AIR
Buildings
5
Stories
2
Total area
5,079 SF
Lot
3.8 ac (165,528 SF)
APN
55-00F-00-0002
UPID
US63-2564061
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
RETAIL STORES
Est. value
$955,000
OFFICE BUILDING
Est. value
$915,000
RESTAURANT
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$490,000
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1957
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
5
Lot
3.8 ac
Current owner
From public records · entity-resolved
Coleson Properties LLC
Entity
Mailing address
PO BOX 34, MERRICK, NY 11566-0034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 23, 2022
—
Coleson Properties LLC
—
Deed
related
$2,990,000 · Webster Bank NA
Jun 30, 2021
$650,000
Coleson Properties LLC
County Of Nassau
Bargain And Sale Deed
$650,000 · Sterling National Bank
Sep 18, 2012
—
Coleson Properties LLC
—
Deed Of Trust
related
$1,228,223 · Provident Bank INC
Oct 13, 2009
—
Coleson Properties LLC
—
Trustees Deed
related
$3,000,000 · Herald National Bank
—
—
Coleson Properties LLC
—
Deed Of Trust
related
$2,933,333 · Herald National Bank
—
—
Coleson Properties LLC
—
Deed Of Trust
related
$1,181,218 · Herald Nat'l Bk (herald)
—
—
Coleson Properties LLC
—
Deed Of Trust
related
$991,010 · Jp Morgan Chase Bk
—
—
Coleson Properties LLC
—
Deed Of Trust
related
$1,250,000 · Jp Morgan Chase Bk
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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