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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 Wellwood Ave, Unit 616 Lindenhurst, NY 11757-2001

    • Retail space
    • 17,856 SF
    • 1.35 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1799998
    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.

    Current Use by Public Records

    • CARE+ PHARMACY / Pharmacy
    • Amazon Counter - Care+ Pharmacy / Mailing Service / E-Commerce Service

    Property Details for 602 Wellwood Ave

    Year built
    1995
    Lot size
    1.35 lot acres
    Property size
    17,856 SF
    Zone code
    E
    Property type
    Retail space
    APN
    0100-207.00-02.00-099.001
    APU
    100207000200099001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $529,000
      Market price range: $529k - $2.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lindenhurst
    County
    Suffolk
    State
    New York
    Longitude
    -73.384
    Latitude
    40.7015
    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
    2020
    $0.00
    $5,200
    $19,580
    $24,780
    -
    $7,879
    $29,667
    $37,546

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      Montauk Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1.40 Acres
      Montauk Hwy, Lindenhurst, NY 11757
      View Details
    • Value Estimation by Request
      5,353 SF

      568 Hoffman Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,353 SF
      568 Hoffman Ave, Lindenhurst, NY 11757-4058
      View Details
    • Value Estimation
      $930,000
      34,371 SF

      628 Wellwood Ave, Unit 644

      RETAIL STORES (PERSONAL SERVICES) • 34,371 SF
      628 Wellwood Ave, Lindenhurst, NY 11757-1634
      View Details
    • Value Estimation
      $565,000
      17,967 SF

      155 Sunrise Hwy

      RETAIL STORES (PERSONAL SERVICES) • 17,967 SF
      155 Sunrise Hwy, Lindenhurst, NY 11757-2434
      View Details
    • Value Estimation by Request
      8,406 SF

      194 Montauk Hwy

      RETAIL STORES (PERSONAL SERVICES) • 8,406 SF
      194 Montauk Hwy, Lindenhurst, NY 11757-5951
      View Details
    • Value Estimation by Request
      3.60 Acres

      646 Wellwood Ave, Unit 656

      RETAIL STORES (PERSONAL SERVICES) • 3.60 Acres
      646 Wellwood Ave, Lindenhurst, NY 11757-1679
      View Details

    Similar Nearby for Sale

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      Retail Property on Montauk Highway

      Retail property available for sale on Montauk Highway.
      194 Montauk Hwy, Lindenhurst, NY 11757
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    • $975,000
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      Lindenhurst Retail Redevelopment Opportunity

      Prime location, high traffic, redevelopment potential.
      691 Wellwood Ave, Lindenhurst, NY 11757
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    • $749,000
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      Stand-alone retail/office building with parking on high-traffic Sunrise Highway.
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      Stand-alone 3,300 SF retail/office building on Sunrise Highway.
      146 W Sunrise Hwy, Lindenhurst, NY 11757
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    Similar Nearby for Lease

    • $3,200 /Mo
      1,200 SF

      Retail Space in Lindenhurst, NY

      Retail space in an up-and-coming Lindenhurst neighborhood.
      37-43 W Hoffman Ave, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Sunrise Highway

      Retail space available for rent on Sunrise Highway.
      5254-5266 E Sunrise Hwy, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      1,254 SF

      Retail Space in Lindenhurst Center

      Retail space available in a strong neighborhood center.
      646-660 Wellwood Ave, Lindenhurst, NY 11757
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    • $4,480 /Mo

      Lindenhurst Retail Space For Rent

      Retail suite in Lindenhurst's business district, build to suit.
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    • $2,500 /Mo
      6,098 SF

      Retail Storefront on Montauk Highway

      Prime retail space in high-traffic Lindenhurst commercial corridor.
      322 W Montauk Hwy, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      16,564 SF

      Lindenhurst Retail Center - For Lease

      Prime Lindenhurst Shopping Center Space Available
      600 Wellwood Ave, Lindenhurst, NY 11757
      View Details
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    602 Wellwood Ave, Unit 616
    Lindenhurst, NY 11757-2001
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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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