Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hotel Development Opportunity Near Airport Title is generated by Realmo AI

    306-308 Route 109, Farmingdale, NY 11735

    View on Map
    Claim this Listing
    Pending
    $3,900,000

    COMMERCIAL - Farmingdale, NY

    Lot size:
    1.42 Acres
    Added:
    Jun 2, 2025
    Days on Market:
    345
    Last Refresh:
    May 12 at 12:06 am

    Property Features for 306-308 Route 109

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    1.42 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    89518

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Niraj Patel

    Listing agent Niraj Patel License #10401248665

    Listing office Voro LLC 1129 Northern Blvd Ste 404, Great Neck, NY

    Listing date Jun 2, 2025

    MLS# 872467 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Hotel development opportunity
    • Close to Farmingdale Airport
    • Location: -73.41162, 40.71844
    • Public sewer

    Overview

    This property presents an opportunity for hotel development. The site is located near Farmingdale Airport. The lot size is 1.42 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Nassau
    State
    New York
    Longitude
    -73.411621
    Latitude
    40.718441

    Nearby Similar for Sale

    • $859,000
      1,980 SF

      Farmingdale Commercial Building For Sale

      Free-standing commercial building with high visibility and multiple uses.
      793 Main St, Farmingdale, NY 11735
      View Details
    • $1,395,000

      Farmingdale Multi-Family Residence with Pool

      Legal 3-family with subdivision potential, pool, and detached garage.
      38 Wall Street, Farmingdale, NY 11735
      View Details
    • $779,000

      Farmingdale Legal Two-Family Home

      Well-maintained two-family home with income potential in Farmingdale, NY.
      60 E Carmans Road, Farmingdale, NY 11735
      View Details
    • $859,000
      1,440 SF

      Farmingdale Commercial Building For Sale

      1,440 SF building on Main St, Farmingdale, NY.
      793 Main St, Farmingdale, NY 11735
      View Details
    • $1,500,000
      1,688 SF

      Retail Property with Conversion Potential

      Retail property suitable for deli or cannabis dispensary conversion.
      1676 New Hwy, Farmingdale, NY
      View Details
    • $1,575,000
      6,000 SF

      Farmingdale Flex Building For Sale

      Single-story flex building in prime Farmingdale location, ideal for investors.
      94 Gazza Blvd, Farmingdale, NY
      View Details
    • $674,000
      1,250 SF

      Mixed-Use Property with Deli

      Mixed-use property featuring a deli and apartment in Farmingdale.
      960 Fulton Street, Farmingdale, NY 11735
      View Details
    • $4,000,000
      4,500 SF

      Established Auto Body Shop Opportunity

      Commercial property with auto shop, office, and residential building.
      454 Fulton St, Farmingdale, NY
      View Details
    • $1,950,000
      11,000 SF

      Farmingdale Manufacturing Facility For Sale

      Manufacturing facility with heavy power and convenient location.
      97 Gazza Blvd, Farmingdale, NY
      View Details
    • $2,650,000
      10,000 SF

      Farmingdale Office Building For Sale

      10,000 SF office building available in Farmingdale, NY.
      49 Gazza Blvd, Farmingdale, NY
      View Details
    • Contact for pricing
      98,898 SF

      Farmingdale Warehouse Property for Sale

      98,898 sqft warehouse property in Farmingdale, NY available.
      855 Conklin St, Farmingdale, NY 11735
      View Details
    • $2,750,000
      10,000 SF

      Farmingdale Office Building For Sale

      10,000 square foot office building in Farmingdale, New York.
      45 Sarah Dr, Farmingdale, NY
      View Details

    FAQs

    What type of property is this?
    Hotel - Hotel development opportunity near Farmingdale Airport.
    Where is this hotel located?
    The property is located at 306-308 Route 109 Farmingdale, NY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Hotel development opportunity; Close to Farmingdale Airport; Location: -73.41162, 40.71844
    (516) 301-0610
    We can help!
    Listing Contact
    Niraj Patel
    Real Estate License ID: 10401248665
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    306-308 Route 109, Farmingdale, NY 11735
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!