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    Property profile & analytics

    865 Merrick Rd Baldwin, NY 11510

    • Office buildings
    • 3,464 SF
    • 0.30 lot acres
    For Sale
    View listing
    Last Sale
    Dec 28, 2021
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5955399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vinoth Chandra Mohan / Physical Therapist
    • Saharia Reeta MD / Pediatrician
    • Shashi S. Shah, MD / Urologist
    • Zohrabian Raffi L MD / Doctor
    • Jeannette Alomia / Counselor

    Property Details for 865 Merrick Rd

    Year built
    1932
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    3,464 SF
    Property type
    Office buildings
    APN
    54-102-00-0162
    APU
    54102000162

    Description

    This exceptional 19,618-square-foot medical office building, constructed in 1993, presents a unique investment opportunity in the thriving Baldwin, New York market. Situated at 865 Merrick Road, this property boasts a convenient location, offering easy access to major transportation arteries and essential amenities. The building sits on a 9,147-square-foot lot and is zoned for Business B use, providing flexibility for a variety of medical practices. Its strategic placement west of the Meadowbrook Parkway ensures excellent accessibility for patients and staff. The property benefits from its proximity to prominent healthcare facilities, including South Nassau and Mercy Hospitals, enhancing its appeal to medical professionals. Furthermore, its location near the Baldwin Long Island Railroad Station and within walking distance of banks, restaurants, and shopping centers provides unparalleled convenience. This well-established building offers a compelling combination of size, location, and functionality, making it an ideal asset for investors seeking a strong return in the dynamic Long Island medical market. The property's address is 865 Merrick Rd, Baldwin, NY 11510, within Nassau County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,055,000
      ML approach
      $2,250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,373,000
      Market price range: $61.3k - $1.53M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,445,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,040,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,275,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $1,975,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.6101
    Latitude
    40.6512
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $199,559
    $2,745
    $21,701
    $24,446
    -
    $0.00
    $0.00
    $2,444,600

    Comparable in this City

    • Value Estimation
      $600,000
      2,076 SF

      1000 Atlantic Ave

      OFFICE BUILDING • 2,076 SF
      1000 Atlantic Ave, Baldwin, NY 11510-4247
      View Details
    • Value Estimation
      $3,365,000
      4,262 SF

      2277 Grand Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 4,262 SF
      2277 Grand Ave, Baldwin, NY 11510-3148
      View Details
    • Value Estimation by Request
      2,190 SF

      2010 Grand Ave

      OFFICE BUILDING • 2,190 SF
      2010 Grand Ave, North Baldwin, NY 11510-2811
      View Details
    • Value Estimation by Request
      1,092 SF

      764 Saint Lukes Pl

      OFFICE BUILDING • 1,092 SF
      764 Saint Lukes Pl, North Baldwin, NY 11510-2318
      View Details
    • Value Estimation
      $1,385,000
      2,400 SF

      2322 Grand Ave

      OFFICE BUILDING • 2,400 SF
      2322 Grand Ave, Baldwin, NY 11510-3169
      View Details
    • Value Estimation
      $590,000
      2,580 SF

      2360 Grand Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 2,580 SF
      2360 Grand Ave, Baldwin, NY 11510-3111
      View Details

    Similar Nearby for Sale

    • $1,650,000
      Pending

      Professional Building Near Baldwin LIRR

      Two-story, 8,000 sq ft professional building with on-site parking.
      2270 Grand Ave, Baldwin, NY 11510
      View Details
    • Contact for pricing
      19,618 SF

      Baldwin Office Building For Sale

      Office building near hospitals, train, and amenities in Baldwin, NY.
      865 Merrick Rd, Baldwin, NY 11510
      View Details
    • Contact for pricing
      19,618 SF

      Prime Baldwin Medical Office Building

      19,618 SF Medical Office in Baldwin, NY
      865 Merrick Rd, Baldwin, NY 11510
      View Details
    • $3,000,000

      Redevelopment Opportunity on Sunrise Highway

      High-visibility commercial property suited for redevelopment or tear down.
      790 Sunrise Hwy, Baldwin, NY 11510
      View Details
    • $649,000
      1,785 SF

      Prime Baldwin Commercial Space Available

      2,300 sq ft commercial space on Merrick Road.
      821 Merrick Rd, Baldwin, NY 11510
      View Details
    • $649,000
      1,785 SF

      Baldwin Commercial Property - $649,000

      Merrick Road Restaurant/Office Space
      821 Merrick Rd, Baldwin, NY 11510
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo

      Updated First Floor Office Space

      Updated office space featuring exam rooms, waiting room, and parking.
      1000 Atlantic Ave, Baldwin, NY 11510
      View Details
    • $3,150 /Mo
      1,400 SF

      Retail/Office Space with Basement

      1400 SF corner retail or office space with large basement.
      1951 Grand Ave, Baldwin, NY 11510
      View Details
    • $2,750 /Mo

      Office Space with Exam Rooms

      Office space featuring exam rooms, kitchen, and ample parking.
      860 Atlantic Ave, Baldwin, NY 11510
      View Details
    • $4,995 /Mo
      2,300 SF

      Retail Space in Baldwin

      Ground floor retail space in accessible strip center with parking.
      757 B Foxhurst Rd, Baldwin, NY 11510
      View Details
    • $3,500 /Mo

      Prime Baldwin Harbor Retail Space

      Storefront rental in a high-visibility location on Atlantic Avenue.
      930 Atlantic Ave, Baldwin Harbor, NY 11510
      View Details
    • $5,500 /Mo
      4,256 SF

      Retail Space on Grand Avenue

      2000 sq ft retail space in Baldwin, NY for rent.
      2426 Grand Ave, Baldwin, NY 11510
      View Details
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    865 Merrick Rd
    Baldwin, NY 11510
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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