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Property profile & analytics
FOR LEASE
Strip malls
8285 Jericho Tpke, Woodbury, NY 11797
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1469473
For Lease
1 / 2
$9,265,000
8285 Jericho Tpke, Woodbury, NY 11797
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
FRAME
Total area
10,400 SF
Lot
4.2 ac (182,952 SF)
APN
14-039-00-0005
UPID
US63-1469473
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
-
Woodbury Wine Market (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Dirty Taco + Tequila Woodbury Restaurant
-
Dunkin' Cafe & Coffee Shop
-
Woodbury Common Shopping Center Shopping Center & Mall
-
OPTICS PLUS at Woodbury Common Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
$7.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.27M
Owner & transaction history
Kk Woodbury Commons 2467 LLC · 3 yrs held
Kk Woodbury Commons 2467 LLC
since 2022
Last sale
$9.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.7M
+50.0%
Restaurant
$9.2M
+1.2%
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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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
$9,130,000
ML approach
$9,090,000
CAP Approach
CAP Return
Estimation
6%
$8,020,000
6.5%
$7,405,000
7%
$6,875,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,125,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,685,000
Change: +50% · Conversion: Difficult
RESTAURANT
$9,235,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$7,340,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$9.27M
Range $8.34M – $10.19M · ±10% · vs last sale $9.42M (Dec 5 2022)
Last sale anchor
$9.42M
Dec 5 2022
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
$891 / 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
$686,696
Tax year 2023
Assessed value
$113,207
Assessed 2023
Previous assessed
$122,936
-7.9% YoY
Effective rate
606.58%
On assessed value
Assessed land
$68,232
Assessed improvement
$44,975
Total market value
$11,320,700
Applied tax rate
534.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
10,400 SF
Lot
4.2 ac (182,952 SF)
APN
14-039-00-0005
UPID
US63-1469473
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
RESTAURANT
Est. value
$9.2M
OFFICE BUILDING
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Lot
4.2 ac
Current owner
From public records · entity-resolved
Kk Woodbury Commons 2467 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2022
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
Jan 5, 2023
—
Woodbury Associates LLC
—
Deed
related
$22,000,000 · The United States Life Insurance Company
Dec 5, 2022
$9,422,612
Kk Woodbury Commons 2467 LLC
Kabro Associates Of Woodbury LLC
Bargain And Sale Deed
—
—
—
Woodbury Associates LLC
—
Deed Of Trust
related
$7,159,745 · Us Life Insurance Co
—
—
Woodbury Assocs LLC
—
Deed Of Trust
related
$22,000,000 · Kabro Assocs/woodbury LLC
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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