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Property profile & analytics
OFF-MARKET
Estimated value
$8,450,000
Office buildings
805 Northern Blvd, Great Neck, NY 11021-5342
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-4088239
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
14,538 SF
Lot
0.71 ac (30,753 SF)
APN
02-262-00-0010
UPID
US63-4088239
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
-
Amir Reza Dehdashti, MD Physician
-
Merrill Lynch Financial Advisor Kevin Condon Financial Advisor
-
LL Blossoms Holistic Clinic Medical Clinic Skin Care Clinic
-
Craig Larsen, MD Physician
-
Dwight DeRisi, MD, FACS Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.45M
Owner & transaction history
805 N Blvd LLC · 18 yrs held
805 N Blvd LLC
since 2007
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.9M
+25.8%
Neighborhood: shopping center
$12.8M
+24.3%
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 Great Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Neck 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
$10,260,000
Current use
RESTAURANT
$12,905,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,755,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,555,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,410,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,770,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$8,285,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$8.45M
Range $7.61M – $9.30M · ±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
$581 / 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
$376,406
Tax year 2023
Assessed value
$99,742
Assessed 2023
Previous assessed
$99,742
+0.0% YoY
Effective rate
377.38%
On assessed value
Assessed land
$13,842
Assessed improvement
$85,900
Total market value
$9,974,200
Applied tax rate
818.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
14,538 SF
Lot
0.71 ac (30,753 SF)
APN
02-262-00-0010
UPID
US63-4088239
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
OFFICE BUILDING Current
Est. value
$10.3M
RESTAURANT
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$9.4M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
RETAIL STORES
Est. value
$8.3M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
0.71 ac
Current owner
From public records · entity-resolved
805 N Blvd LLC
Entity
Mailing address
501 5TH AVE RM #1605, NEW YORK, NY 10017-7855
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
—
805 N Blvd LLC
—
Deed
related
$8,582,615 · Jovia Financial FCU
Dec 6, 2017
—
805 N Blvd LLC
—
Deed
related
$8,582,615 · Nassau Educators FCU
Aug 15, 2007
$3,000,000
805 N Blvd LLC
799 Nobo Assoc LLC
Grant Deed
$1,950,000 · First Central Savings Bank
—
—
805 North Boulevard LLC
—
Deed Of Trust
related
$9,124,285 · Nassau Educators FCU
—
—
805 N Blvd LLC
—
Loan Modification
related
$8,582,615 · Nassau Educators FCU
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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