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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
576 Middle Nck Rd, Great Neck, NY 11023-1430
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0207941
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,457 SF
Lot
0.07 ac (3,128 SF)
APN
01-099-00-0201
UPID
US63-0207941
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
-
Empire State Commercial & Best Homes Real Estate Agency
-
Athena's Alterations (Bike/Boat/Book/etc) Store
-
ISU web solutions Advertising Agency Marketing & Advertising
-
Long Island Limo Service - Roslyn Limousine Limousine Service Chauffeur Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.18M
Owner & transaction history
576 Middle Neck Road Corp · 11 yrs held
576 Middle Neck Road Corp
since 2015
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+54.0%
Office building
$1.0M
+23.8%
Auto repair, garage
$960,000
+15.3%
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 Great Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Neck 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
$1,495,000
ML approach
$1,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$1,030,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$960,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$735,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.24M (Aug 24 2020)
Last sale anchor
$1.24M
Aug 24 2020
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
$806 / 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
$33,604
Tax year 2023
Assessed value
$6,864
Assessed 2023
Previous assessed
$6,864
+0.0% YoY
Effective rate
489.57%
On assessed value
Assessed land
$1,095
Assessed improvement
$5,769
Total market value
$686,400
Applied tax rate
755.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Total area
1,457 SF
Lot
0.07 ac (3,128 SF)
APN
01-099-00-0201
UPID
US63-0207941
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 Current
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$735,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
576 Middle Neck Road Corp
Entity
Mailing address
42 RDG DR E, ROSLYN, NY 11576-1441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
—
Middle Neck Links LLC
—
Deed
related
$750,000 · Cathay Bk Of Los Angeles
Mar 2, 2015
$800,000
576 Middle Neck Road Corp
Kamrooz Korori Realty LLC
Grant Deed
$400,000 · Joseph Sabet
Jul 17, 2012
—
Kamrooz Korori Realty LLC
Korori,kamrooz
Quit Claim Deed
related
—
Nov 2, 2006
$1,150,000
Kamrooz Korori
Kmk LLC
Grant Deed
—
Nov 9, 2004
—
Kmk LLC
Tucci,margaret P
Grant Deed
related
—
Jun 10, 2004
—
Margret P Tucci
Rossetto Albino W Est
Grant Deed
related
—
—
—
576 Middle Neck Road Corp
—
Deed Of Trust
related
$70,000 · Flushing Bk
—
—
Margaret A Tucci
—
Deed Of Trust
related
$292,544 · Kamrooz Korori
—
—
Middle Neck Links LLC
—
Deed Of Trust
related
$750,000 · Cathay Bk Of Los Angeles
—
—
Korori Kamrooz
—
Deed Of Trust
related
$557,000 · Hemisphere National Bank
—
—
Korori Kamrooz
—
Deed Of Trust
related
$300,000 · Kmk LLC
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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