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    588 Merrick Rd Valley Stream, NY 11580-5126
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    Property profile & analytics

    588 Merrick Rd, Valley Stream, NY 11580-5126

    View on Map
    • Manufacturing properties
    • 8,740 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US63-0243127
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,470,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 588 Merrick Rd

    Year built
    1952
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property type
    Manufacturing properties
    APN
    37-646-00-0020
    APU
    37646000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2025 — Mnb Equities LLC — Deed · related $211k · Cj Capital Group LLC
    Apr 29, 2024 — Mnb Equities LLC — Deed · related $46k · Spring Bank
    Jan 11, 2019 — Mnb Equities LLC — Deed · related $700k · Spring Bank
    May 17, 2018 — Mnb Equities LLC — Deed · related $930k · 588 W Merrick Rd Corp
    Mar 3, 2014 $175,000 588 W Merrick Rd Corp Rovinsky Norman & Ruth Trust Grant Deed —
    Mar 2, 2011 — Rovinsky Norman Tr Rovinsky,norman & Ruth Quit Claim Deed · related —
    — — Mnb Equities LLC — Deed Of Trust · related $930k · 588 W Merrick Rd Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,085,000
      6.5%
      $1,925,000
      7%
      $1,785,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Valley Stream
    County
    Nassau
    State
    New York
    Longitude
    -73.718
    Latitude
    40.6704
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $47,069
    $3,382
    $2,505
    $5,887
    -
    $0.00
    $0.00
    $588,700

    Comparable in this City

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      MANUFACTURING (LIGHT)
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      7,000 SF

      52 Railroad Ave

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    • Value Estimation by Request
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      69 Franklin Ave

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    • Value Estimation
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      5,720 SF

      68 Franklin Ave

      MANUFACTURING (LIGHT)
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    • Value Estimation by Request
      593 SF

      32 Railroad Ave

      MANUFACTURING (LIGHT)
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    • Value Estimation by Request
      2,300 SF

      333 Merrick Rd

      FACTORY (MANUFACTURING)
      333 Merrick Rd, Valley Stream, NY 11580-5278
      View Details

    Similar Nearby for Sale

    • $1,100,000
      Pending

      Valley Stream Commercial Opportunity

      Commercial property for sale in Valley Stream, New York.
      34 E Merrick Rd, Valley Stream, NY 11580
      View Details
    • $1,700,000

      Three-Unit Retail Building

      A three-unit retail property including a bar/grill and two vacant storefronts near an LIRR station.
      159 S Franklin Ave, Valley Stream, NY 11580
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    Similar Nearby for Lease

    • $3,500 /Mo

      Versatile Commercial Space in Valley Stream

      1660 sq ft space suitable for office, retail, distribution.
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    • $3,000 /Mo

      Renovated Office Near Transportation

      Recently renovated office space with convenient access to transportation.
      124 Rockaway Ave, Valley Stream, NY 11580
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    • $6,000 /Mo

      Valley Stream Office Space Available

      2100 sqft office space in downtown Valley Stream.
      11 E Hawthorne Ave, Valley Stream, NY 11580
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    • $1,000 /Mo
      8,416 SF

      Second-Floor Independent Office Space

      Independent office suite on the second floor, available for rent on W Merrick Road in Valley Stream.
      475 W Merrick Rd, Valley Stream, NY 11580
      View Details
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    Valley Stream, NY 11580-5126
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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