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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Office buildings
611 Main St, Riverhead, NY 11901-7009
Individually Owned
8-yr Hold
Free & Clear
Property ID
US63-0611442
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1987
Total area
6,700 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DC-3
APN
0600-129.00-05.00-004.000
UPID
US63-0611442
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
-
Peter Kern - Morgan Stanley Financial Advisor
-
Susan E Palmer - Morgan Stanley Financial Advisor
-
The Gardiners Bay Group - Morgan Stanley Financial Advisor
-
Preston Schoenfeld - Morgan Stanley Financial Advisor
-
Gary Backer - Morgan Stanley Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Kenneth R Conforti · 8 yrs held
Kenneth R Conforti
since 2017
5 recorded transactions
Zoning & alternative use
DC-3 · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Riverhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverhead 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%
$2,050,000
6.5%
$1,890,000
7%
$1,755,000
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$255 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$227,800
Assessed 2023
Previous assessed
$227,800
+0.0% YoY
Assessed land
$21,200
Assessed improvement
$206,600
Land market value
$228,202
Improvement market value
$2,223,897
Total market value
$2,452,099
Applied tax rate
473,002.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
1
Stories
2
Total area
6,700 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DC-3
APN
0600-129.00-05.00-004.000
UPID
US63-0611442
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
DC-3 · Riverhead, NY
Zoning DC-3 · permitted uses
DC-3 · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverhead. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
2
Buildings
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Kenneth R Conforti
Individual
Free & Clear · 8 yrs held
Mailing address
529 W 42ND ST APT 7V, NEW YORK, NY 10036-6230
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2017
$300,000
Kenneth R Conforti
Donald Jaffe
Deed
—
Nov 14, 2017
—
Anthony T Conforti
—
Deed
related
$1,000,000 · Valley Nat'l Bk
—
—
Anthony T Conforti
—
Deed Of Trust
related
$85,000 · Edward J Barone
—
—
Anthony T Conforti
—
Deed Of Trust
related
$185,624 · State Bank Of Long Island
—
—
Anthony T Conforti
—
Loan Modification, Consolidation And Extension
related
$1,000,000 · Valley Nat'l Bk
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.
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