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Property profile & analytics
OFF-MARKET
Estimated value
$3,350,000
Grocery and convenience stores
70 Sunset Ave, Westhampton Beach, NY 11978-2326
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-5054574
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Total area
20,822 SF
Lot
2.6 ac (113,256 SF)
Zoning code
B1
APN
0905-012.00-04.00-020.005
UPID
US63-5054574
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
-
Lidl Grocery & Convenience Store Food Market
-
FedEx Drop Box Postal Service Courier Service
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$3.35M
Owner & transaction history
A & P Real Properties LLC
A & P Real Properties LLC
4 recorded transactions
Zoning & alternative use
B1 · Westhampton Beach, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+161.2%
Commercial (general)
$4.2M
+160.7%
Restaurant
$3.3M
+106.8%
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 Westhampton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westhampton Beach 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
OFFICE BUILDING
$4,205,000
Change: +161% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,195,000
Change: +161% · Conversion: Easy
RESTAURANT
$3,330,000
Change: +107% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,025,000
Change: +88% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,855,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±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
$161 / 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
Tax billed
$55,007
Tax year 2020
Assessed value
$7,304,600
Assessed 2023
Previous assessed
$7,304,600
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,186,900
Assessed improvement
$6,117,700
Land market value
$1,707,770
Improvement market value
$8,802,446
Total market value
$10,510,216
Applied tax rate
473,602.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
20,822 SF
Lot
2.6 ac (113,256 SF)
Zoning code
B1
APN
0905-012.00-04.00-020.005
UPID
US63-5054574
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
B1 · Westhampton Beach, NY
Zoning B1 · permitted uses
B1 · Westhampton Beach, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westhampton Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
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
2000
Heating
NONE
Cooling
Yes
Buildings
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
A & P Real Properties LLC
Entity
Mailing address
ATTN REAL EST TAX DEPT DEPT, PARAGON DR, NJ
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
A & P Real Properties LLC
—
Deed Of Trust
related
$550,000 · Us Bank NA
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$445,000 · Us Bank NA
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$37,122 · J P Morgan Chase Bank
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$15,200 · J P Morgan Chase Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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