Technical
Financial
Distress signals
Property profile

5651 Merrick Rd 5661 Massapequa, NY 11758

OFF-MARKET
Automotive properties
Property ID
US63-1472775
240 SF 0.09 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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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

Location

5651 Merrick Rd, Unit 5661 Massapequa, NY 11758-6237
Massapequa metro Census 522000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$955k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$745k

Owner & transaction history

since 2023
Last sale
$1.0M
1 recorded transaction
2023
$1.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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