Entity Owned Property summary
AI-generated overview
The Milleridge complex is a multi-building retail and hospitality property comprising the Inn at Milleridge, the Cottage, and the Shops. The overall complex covers approximately 27,926 square feet. The Inn at Milleridge is a historic landmark restaurant space. The Cottage is configured as an events venue and includes a ballroom, atrium, and grand staircase. The Shops are arranged as a pedestrian-oriented group of specialty retail units intended for retail use within the complex.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1976
Construction
FRAME
Total area
919 SF
Lot
2.95 ac (128,502 SF)
APN
12-00A-00-1077
UPID
US63-4173206
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bakery Specialty Food Shop
-
Restaurant
-
Resort
-
General Contractor
-
(Bike/Boat/Book/etc) Store Florist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$7.58M
Owner & transaction history
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$805,000
+35.5%
Office building
$650,000
+9.0%
Auto repair, garage
$605,000
+1.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.58M
Value range
$6.82M – $8.33M
±10% around blend
Estimated value / SF
$8,243 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
70
$6.82M
blend $7.58M
$8.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
919 SF
Lot area
2.95 ac
Year built
1976
Stories
1
APN
12-00A-00-1077
Assessed value
$16,576
Annual tax
$117,985
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.39M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.9 mi away · 750 SF
5.4 mi away · 844 SF
6.0 mi away · 800 SF
8.3 mi away · 1,008 SF
8.3 mi away · 1,040 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 604 sales
$647
+1,173%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $8,243/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+36%
vs current-use indication
Office Building
Auto Repair, Garage
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$17k
Move the market yield to see immediate price impact.
Value / SF
$18
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1k
$21k
$15k
$12k
$1k
$23k
$17k
$13k
$1k
$26k
$18k
$14k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$550k
1.8 mi · Sep 2025 · $517/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$117,985
Tax year 2023
Assessed value
$16,576
Assessed 2023
Previous assessed
$16,576
+0.0% YoY
Effective rate
711.78%
On assessed value
Assessed land
$16,575
Assessed improvement
$1.00
Total market value
$1,657,600
Applied tax rate
542.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1976
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
1
Total area
919 SF
Lot
2.95 ac (128,502 SF)
APN
12-00A-00-1077
UPID
US63-4173206
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
10
Lot
2.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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