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    Property profile & analytics
    OFF-MARKET Estimated value $945,000
    Automotive properties

    5651 Merrick Rd 5661, Massapequa, NY 11758-6237

    240 SF 0.09 ac lot
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-1472775
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 5651 Merrick Road in Massapequa, New York, presents a unique investment opportunity. The 3,000 square foot building sits on a 0.3-acre lot and boasts a versatile zoning designation permitting auto body work, auto repair, and auto parking. The property features a mix of retail and industrial space, ideal for a variety of uses. The building includes one dock-high door, facilitating efficient loading and unloading, and offers ceiling heights ranging from 11 to 12 feet, providing ample vertical space. The property benefits from excellent visibility and accessibility, with 80 feet of frontage on Merrick Road and convenient side street access. An included 2,303 square foot residential building adds to the property's income potential. The property's annual taxes are $42,662.69. While the exact amperage of the electrical power is to be determined, this property offers a compelling combination of location, zoning, and building features, making it an attractive investment in a thriving Nassau County market. The zip code is 11758.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Total area 240 SF
    Lot 0.09 ac (4,100 SF)
    APN 53-020-00-0121
    UPID US63-1472775
    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
    $955k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $945k
    Owner & transaction history
    Redline Estates LLC · 3 yrs held
    Redline Estates LLC
    since 2023
    Last sale
    $1.0M
    1 recorded transaction
    2023
    $1.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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