Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Filmore Pl Freeport, NY 11520

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    Spacious warehouse, office space, high ceilings.

    Property size:
    8,538 SF

    Property Features for 16 Filmore Pl

    General Information

    Property type
    Investment properties
    Square Feet
    8,538 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Wujie Zhao

    Listing Agency: B Square Realty Listing Agent: Wujie Zhao

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Freeport, NY warehouse presents a unique investment opportunity. Boasting 8,538 square feet on a 0.18-acre lot, this property is ideally suited for a variety of businesses. The first floor features a vast warehouse area with impressive ceiling heights ranging from 15 to 26 feet, providing ample space for storage and operations. This substantial vertical clearance offers significant flexibility for various manufacturing or storage needs. The second floor comprises fully equipped office space, complete with a bathroom, creating a comfortable and functional environment for administrative tasks and team collaboration. Located in a vibrant industrial area of Freeport, Long Island, this property benefits from excellent logistics and accessibility, making it an attractive proposition for businesses seeking a strategic location. The property's prime location and substantial size make it an ideal investment for income generation or to support expanding business operations. This is a rare chance to acquire a high-quality commercial property in a sought-after area. The asking price is $1,950,000.
    Location Intelligence

    Current Use by Public Records

    Cathedral Marble Tile General Contractor Cs&T Stanley Stahl ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Nassau County
    State
    New York
    Longitude
    -73.57199
    Latitude
    40.64918

    Nearby Similar for Sale

    • New
      $758,000
      0.09 Acres

      Waterfront Retail Space on Nautical Mile

      Unique retail space with waterfront view and income potential.
      377 Woodcleft Ave, Freeport, NY 11520
      View Details
    • $2,599,000
      5,250 SF

      Waterfront Restaurant Property For Sale

      Fully leased waterfront restaurant with boat slips in Freeport's Nautical Mile.
      301 Woodcleft Ave, Freeport, NY 11520
      View Details
    • $2,000,000
      7,200 SF

      Freeport Brewery on Nautical Mile

      Fully equipped brewery with taproom and outdoor bar for sale.
      180 Woodcleft Ave, Freeport, NY 11520
      View Details
    • $999,999
      2,161 SF

      Freeport Multi-Family Home with Water Views

      Well-maintained Freeport home near Nautical Mile with water access.
      28 Florence Ave, Freeport, NY 11520
      View Details
    • $659,990
      Pending

      Freeport Multi-Family Investment Opportunity

      Two spacious units, ideal for renovation and rental income.
      463 S Bayview Ave, Freeport, NY 11520
      View Details
    • $2,299,000
      7,014 SF

      Freeport Commercial Investment Opportunity

      Four-lot commercial package with three businesses and parking lot.
      365 Atlantic Ave, Freeport, NY 11520
      View Details
    • $315,000

      Freeport Mixed-Use Storefront Investment

      Mixed-use commercial storefront in prime location, currently leased.
      201 N Main St, Freeport, NY 11520
      View Details
    • $2,299,000

      Commercial Package with Established Businesses

      Four-lot commercial package with three businesses and parking.
      365 Atlantic Ave, Freeport, NY 11520
      View Details
    • $1,075,000

      Waterfront Restaurant on Nautical Mile

      Turnkey waterfront restaurant with boat slips in Freeport, NY.
      103 Woodcleft Ave, Freeport, NY 11520
      View Details
    • $2,299,000

      Commercial Package with Established Businesses

      Four-lot commercial package with three businesses and parking.
      365 Atlantic Ave, Freeport, NY 11520
      View Details
    • $2,300,000

      Versatile Building in Accessible Neighborhood

      10,400 sq.ft. building suitable for multiple commercial uses.
      95 Pine St, Freeport, NY 11520
      View Details
    • $1,880,000
      Pending

      Freeport Warehouse with Office Space

      Spacious warehouse with office space in a prime location.
      16 Filmore Pl, Freeport, NY 11520
      View Details

    FAQs

    What type of property is this?
    Investment property - Spacious warehouse, office space, high ceilings.
    Where is this investment property located?
    The property is located at 16 Filmore Pl Freeport, NY.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (718) 939-8388
    Request Owner's contact information
    16 Filmore Pl Freeport, NY 11520
    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.
    16 Filmore Pl
    Freeport, NY 11520
    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
    16 Filmore Pl Freeport, NY 11520
    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

    We can help!
    Listing Contact
    Wujie Zhao
    Real Estate License ID: 10401305423
    (718) 939-8388 (646) 645-1881
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!