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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
61 Merrick Rd Valley Stream, NY 11580-5782
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1342018
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1903
Construction
FRAME
Total area
737 SF
Lot
0.13 ac (5,800 SF)
APN
37-085-00-0111
UPID
US63-1342018
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
-
Relief Medical Supply Medical Supply Store
-
Alza Auto Corp Car Dealership
-
Everything Auto NY Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Buy Sell Ny LLC · 8 yrs held
Buy Sell Ny LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$645,000
+35.5%
Office building
$520,000
+9.0%
Auto repair, garage
$485,000
+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)
$475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$485,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$425,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$678 / 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
$23,875
Tax year 2023
Assessed value
$4,539
Assessed 2023
Previous assessed
$4,539
+0.0% YoY
Effective rate
526.00%
On assessed value
Assessed land
$1,537
Assessed improvement
$3,002
Total market value
$453,900
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1903
Construction
FRAME
Heating
FORCED AIR
Buildings
2
Stories
2
Units
3
Total area
737 SF
Lot
0.13 ac (5,800 SF)
APN
37-085-00-0111
UPID
US63-1342018
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
$475,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
OFFICE BUILDING
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$485,000
RETAIL STORES
Est. value
$425,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1903
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
2
Units
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Buy Sell Ny LLC
Entity
Mailing address
61 W MERRICK RD, VALLEY STREAM, NY 11580-5782
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Sep 24, 2024
—
Buy Sell Ny LLC
—
Deed
related
$650,000 · Cathay Bank
Jan 14, 2019
—
Buy Sell Ny LLC
—
Deed
related
$304,000 · Habib American Bank
May 29, 2018
$435,000
Buy Sell Ny LLC
Referee Of Nassau Cnty|lawrence Weinreich Esq
Trustees Deed
$350,000 · Dingle Bay Psp
May 29, 2018
—
Buy Sell Ny LLC
L & L Assocs Holding Corp
Grant Deed
related
—
Jul 6, 2017
$51,352
L & L Associates Holding Corp
Beaumont,a Jefferson
Grant Deed
—
Nov 20, 2007
$600,000
Rose M Baker
Sciarrino,angela
Grant Deed
$420,000 · Angela Sciarrino
—
—
Beacon Hill Lenders LLC
—
Deed Of Trust
related
$400,000 · Angela Sciarrino
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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