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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Retail space
71 Gln Cv Rd Greenvale, NY 11548-1056
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-2598852
Property summary
AI-generated overview
This exceptional 8,150 square foot commercial land parcel presents a rare investment opportunity in Greenvale, New York. Located at 71 Glen Cove Road, this property is zoned B-A (Business A) within the Town of North Hempstead, offering significant development potential. Its prime location provides high vehicular traffic and exceptional visibility, situated steps from the Long Island Rail Road (LIRR) and in close proximity to both Long Island University (LIU) and New York Institute of Technology (NYIT). Easy access to major roadways, including the Long Island Expressway and the Northern State Parkway, further enhances its strategic value. This is one of the last undeveloped lots remaining on Glen Cove Road, making it a truly unique and highly sought-after opportunity for developers seeking a prime location to build a commercial project. The asking price for this exceptional property is $1,650,000. The property's size and location make it ideal for a variety of commercial ventures. Don't miss this chance to acquire a piece of prime Greenvale real estate.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
922 SF
Lot
0.19 ac (8,150 SF)
APN
20-00N-00-0059
UPID
US63-2598852
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
-
Alpha Windows & Siding Hardware & Home Improvement Interior Design
-
Lin Robert C MD Physician
-
Lin Irene C MD Physician
-
Marlite Construction Co Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$640k
Owner & transaction history
Sixty Nine Glen LLC · 1 yrs held
Sixty Nine Glen LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$810,000
+54.0%
Office building
$650,000
+23.8%
Auto repair, garage
$605,000
+15.3%
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 Greenvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenvale 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
RETAIL STORES
$525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$650,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$465,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$694 / 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
$19,071
Tax year 2023
Assessed value
$3,907
Assessed 2023
Previous assessed
$3,907
+0.0% YoY
Effective rate
488.12%
On assessed value
Assessed land
$2,934
Assessed improvement
$973
Total market value
$390,700
Applied tax rate
718.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Total area
922 SF
Lot
0.19 ac (8,150 SF)
APN
20-00N-00-0059
UPID
US63-2598852
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
RETAIL STORES Current
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
OFFICE BUILDING
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$465,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1952
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Sixty Nine Glen LLC
Entity
Free & Clear · 1 yrs held
Mailing address
71 GLN CV RD, GREENVALE, NY 11548-1056
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jun 19, 2025
$1,500,000
Sixty Nine Glen LLC
Irene Lin
Deed
—
Feb 28, 1991
$375,000
Robert C Lin
Unknown
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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