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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
628 County Rte 1st 1, Pine Island, NY 10969-1714
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1247155
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1960
Total area
3,750 SF
Lot
0.72 ac (31,510 SF)
Zoning code
415
APN
335489 14-2-18.2
UPID
US63-1247155
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
$490k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$321k
Blend (final)
Blend
$505k
Owner & transaction history
Wickham Creek LLC · 3 yrs held
Wickham Creek LLC
since 2023
Last sale
$525,000
3 recorded transactions
Zoning & alternative use
415 · Pine Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$775,000
+45.6%
Office building
$715,000
+34.3%
Auto repair, garage
$625,000
+17.8%
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 Pine Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine Island 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
$480,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
RETAIL STORES
$775,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$715,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $525k (Jan 12 2023)
Last sale anchor
$525k
Jan 12 2023
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
$135 / 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 2021Property tax & assessments
Tax year 2021
Assessed value
$44,900
Assessed 2023
Previous assessed
$44,900
+0.0% YoY
Assessed land
$11,100
Assessed improvement
$33,800
Land market value
$119,999
Improvement market value
$365,401
Total market value
$485,400
Applied tax rate
335,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
1
Total area
3,750 SF
Lot
0.72 ac (31,510 SF)
Zoning code
415
APN
335489 14-2-18.2
UPID
US63-1247155
Jurisdiction
ORANGE
Zoning & alternative use
415 · Pine Island, NY
Zoning 415 · permitted uses
415 · Pine Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pine Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
RETAIL STORES
Est. value
$775,000
OFFICE BUILDING
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$625,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1960
Heating
NONE
Stories
1
Buildings
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Wickham Creek LLC
Entity
Free & Clear · 3 yrs held
Mailing address
29 AIRPORT RD, WARWICK, NY 10990-3441
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
$525,000
Wickham Creek LLC
Lahti Joit Ret
Deed
—
Dec 2, 2010
—
Gary Lahti
Lahti,gary
Quit Claim Deed
related
—
Apr 19, 2004
$201,100
Gary Lahti
Brown,vincent M JR
Warranty Deed
—
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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