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Property profile & analytics
OFF-MARKET
Estimated value
$13,265,000
Warehouses
621 Merrick Rd Valley Stream, NY 11580
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-1775863
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
20,720 SF
Lot
0.82 ac (35,806 SF)
APN
37-473-00-0242
UPID
US63-1775863
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.27M
Owner & transaction history
Ppf Ss 599 West Merrick Road L · 9 yrs held
Ppf Ss 599 West Merrick Road L
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.4M
+76.5%
Neighborhood: shopping center
$18.2M
+74.4%
Office building
$14.6M
+40.3%
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
WAREHOUSE, STORAGE
$10,425,000
Current use
RESTAURANT
$18,395,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,180,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$14,620,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,615,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,415,000
Change: +29% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,500,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$13.27M
Range $11.94M – $14.59M · ±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
$640 / 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
Assessed value
$55,558
Assessed 2023
Previous assessed
$55,558
+0.0% YoY
Assessed land
$10,020
Assessed improvement
$45,538
Total market value
$5,555,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Total area
20,720 SF
Lot
0.82 ac (35,806 SF)
APN
37-473-00-0242
UPID
US63-1775863
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
WAREHOUSE, STORAGE Current
Est. value
$10.4M
RESTAURANT
Est. value
$18.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.2M
OFFICE BUILDING
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$13.6M
COMMERCIAL (GENERAL)
Est. value
$13.4M
INDUSTRIAL (GENERAL)
Est. value
$12.5M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2018
Heating
NONE
Lot
0.82 ac
Current owner
From public records · entity-resolved
Ppf Ss 599 West Merrick Road L
Individual
Mailing address
3384 PEACHTREE RD NE STE #400, ATLANTA, GA 30326-1106
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2017
$2,500,000
Ppf Ss 599 West Merrick Road L
Classic Realty Corp
Grant Deed
$493,385 · Ppf Ss 599 W Merrick Road L
Feb 20, 2004
—
Classic Realty Corp
Bertoncini,john
Grant Deed
$529,904 · Bank Of New York
Dec 13, 1999
—
John Bertonciui
Valley Stream Hyundai INC
Grant Deed
related
—
—
—
Class Realty Corp
—
Deed Of Trust
related
$600,000 · Manufacturers Traders & Trust
—
—
Classic Realty Corp
—
Deed Of Trust
related
$400,000 · Cambridge Funding Group INC
—
—
Classic Realty Corp
—
Deed Of Trust
related
$58,717 · Td Bank NA
—
—
Classic Realty Corp
—
Deed Of Trust
related
$2,458,717 · Td Bank NA
—
—
Classic Realty Corp
—
Deed Of Trust
related
$904,027 · Commerce Bank NA
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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