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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Retail space
980 Merrick Rd 994 Baldwin, NY 11510-3315
Individually Owned
36-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2446313
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
7,632 SF
Lot
1.19 ac (52,054 SF)
APN
54-196-00-0129
UPID
US63-2446313
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
-
Aboff's Paints Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.83M
Owner & transaction history
Marvin Wildenberg · 36 yrs held
Marvin Wildenberg
since 1989
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+55.8%
Neighborhood: shopping center
$6.7M
+54.0%
Office building
$5.4M
+23.8%
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 Baldwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baldwin 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
$4,350,000
Current use
RESTAURANT
$6,775,000
Change: +56% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,695,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$5,385,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,015,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,605,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,840,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±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
$633 / 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
$142,151
Tax year 2023
Assessed value
$19,886
Assessed 2023
Previous assessed
$19,886
+0.0% YoY
Effective rate
714.83%
On assessed value
Assessed land
$14,055
Assessed improvement
$5,831
Total market value
$1,988,600
Applied tax rate
424.0000
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
1990
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
7,632 SF
Lot
1.19 ac (52,054 SF)
APN
54-196-00-0129
UPID
US63-2446313
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
$4.4M
RESTAURANT
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.8M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Marvin Wildenberg
Individual
Mailing address
1975 HEMPSTEAD TPKE STE #309, EAST MEADOW, NY 11554-1703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
—
United Properties Corp
—
Deed
related
$2,955,000 · Suffolk FCU
Sep 25, 2017
—
United Properties Corp
—
Deed
related
$2,450,000 · Bridgehampton Nat'l Bk
Sep 18, 1989
$1,300,000
Marvin Wildenberg
Unknown
Grant Deed
—
—
—
United Properties Corp
—
Deed Of Trust
related
$356,667 · New York Community Bank
—
—
United Properties Corp
—
Deed Of Trust
related
$1,082,344 · Bridgehampton Nat'l Bk
—
—
United Properties Corp
—
Loan Modification, Consolidation And Extension
related
$2,450,000 · Bridgehampton Nat'l Bk
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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