Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Investment properties
58-60 Merrick Rd Valley Stream, NY 11580
Individually Owned
10-yr Hold
Free & Clear
Property ID
US63-6068600
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,810 SF
Lot
0.43 ac (18,557 SF)
APN
37-103-00-0004
UPID
US63-6068600
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.15M
Owner & transaction history
21-03 & 21005 Astoria Blvd Rea · 10 yrs held
21-03 & 21005 Astoria Blvd Rea
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+9.0%
Auto repair, garage
$4.5M
+1.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,410,000
Current use
OFFICE BUILDING
$4,805,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,475,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,110,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$3,930,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10%
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
$463 / 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
$93,811
Tax year 2023
Assessed value
$10,459
Assessed 2023
Previous assessed
$10,459
+0.0% YoY
Effective rate
896.94%
On assessed value
Assessed land
$5,851
Assessed improvement
$4,608
Total market value
$1,045,900
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,810 SF
Lot
0.43 ac (18,557 SF)
APN
37-103-00-0004
UPID
US63-6068600
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
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
21-03 & 21005 Astoria Blvd Rea
Individual
Free & Clear · 10 yrs held
Mailing address
14724 11TH AVE, WHITESTONE, NY 11357-1710
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2015
$4,550,000
21-03 & 21005 Astoria Blvd Rea
Amj Dev Corp
Grant Deed
—
May 15, 2014
$3,500,000
Amj Dev Corp
J Nazzaro Ptshp LP
Grant Deed
—
Feb 22, 2012
$2,175,000
Nazzaro Ptshp LP J
Jmvd Realty INC
Grant Deed
—
Aug 20, 2007
$2,325,000
Jmvd Realty INC
Saffron Properties LLC
Deed
—
Apr 18, 2005
$2,050,000
Saffron Properties LLC
58 E Merrick R Assocs LLC
Grant Deed
—
—
—
Jmvd Realty INC
—
Deed Of Trust
related
$1,348,978 · Flushing Savings Bank
—
—
21-03 & 21-05 Astoria Blvd Rea
—
Deed Of Trust
related
$2,300,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 58-60 Merrick Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
