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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Auto shops
679 Prt Washington Blvd, Port Washington, NY 11050-3733
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2992029
Property summary
AI-generated overview
This exceptional 1,403-square-foot retail property, situated on a prominent corner lot at 679 Port Washington Boulevard, Port Washington, NY 11050, presents a unique investment opportunity. Built in 1933, this single-story building sits on a 6,500-square-foot lot and offers ample parking with six spaces. The property is zoned Business A by the Town of North Hempstead, within Nassau County. Ideal for a variety of uses, including food service, medical practices, or dry retail establishments, this location benefits from high traffic volume on Port Washington Boulevard and its intersection with Park Avenue. The property's single-tenant occupancy provides ease of management. The building's 1,403 square feet offer a versatile layout adaptable to various business needs. While automotive uses are prohibited, the zoning allows for a range of compatible businesses. Annual property taxes are $17.35 per square foot. This prime location and flexible zoning make this a compelling opportunity for discerning investors seeking a high-visibility retail space in a thriving community.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1933
Construction
FRAME
Total area
1,259 SF
Lot
0.16 ac (6,800 SF)
APN
06-002-00-0277
UPID
US63-2992029
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
-
Pennzoil Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.30M
Owner & transaction history
679 Realty Holdings LLC · 2 yrs held
679 Realty Holdings LLC
since 2024
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+33.5%
Office building
$890,000
+7.4%
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 Port Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Washington 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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,105,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Mar 22 2024)
Last sale anchor
$1.30M
Mar 22 2024
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
$1,033 / 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
$23,829
Tax year 2023
Assessed value
$3,609
Assessed 2023
Previous assessed
$3,609
+0.0% YoY
Effective rate
660.27%
On assessed value
Assessed land
$2,619
Assessed improvement
$990
Total market value
$360,900
Applied tax rate
809.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1933
Construction
FRAME
Heating
YES
Stories
1
Total area
1,259 SF
Lot
0.16 ac (6,800 SF)
APN
06-002-00-0277
UPID
US63-2992029
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
AUTO REPAIR, GARAGE Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$815,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (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
1933
Construction
FRAME
Heating
YES
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
679 Realty Holdings LLC
Entity
Mailing address
15042 12TH AVE, WHITESTONE, NY 11357-1808
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
$1,299,000
679 Realty Holdings LLC
679 Port Washington Blvd LLC
Deed
$779,400 · Alma Bank
Apr 16, 2009
$915,000
Mnk P W Realty LLC
Park Avenue LLC
Grant 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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