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    Freestanding Bank of America in Oceanside Title is generated by Realmo AI

    2756 Long Bch Rd, Oceanside, NY

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    Single tenant bank with absolute NNN lease and zero responsibilities.

    Type:RETAIL
    Property size:
    3,500 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $4,095/SF
    Added:
    Sep 5, 2025
    Days on Market:
    259
    Last Refresh:
    Apr 5 at 10:43 pm

    Property Features for 2756 Long Bch Rd

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.51 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Alexander Burks
    Alexander Burks

    Listing agent Alexander Burks License ##6501456570

    Listing office Legacy Real Estate Advisors

    Listing date Sep 5, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Advisors

    HighLights

    • Absolute NNN Lease with Zero Landlord Responsibilities
    • Investment Grade Tenant: Bank of America (S&P: “A-”, Moody’s: “A1”) with Corporate Guarantee
    • High Traffic Counts: 34,200+ Vehicles Per Day on Long Beach Road
    • Dense Demographics: 25,700+ People within 1 Mile Radius
    • Affluent Area: Average Household Income Exceeds $147,000 within 1 Mile Radius
    • Located in a Dense Retail Corridor with National Tenants (Walgreens, CVS, Starbucks, McDonald's)

    Overview

    This is a single tenant freestanding Bank of America property located in Oceanside, NY. The property operates under an absolute NNN lease structure, assigning zero landlord responsibilities. Bank of America Corporation, the second-largest bank in the U.S. by assets, holds $2.35 trillion and maintains relationships with 99% of U.S. Fortune 500 companies and 83% of the Fortune Global 500. Bank of America provides a corporate guarantee from an investment-grade tenant, with a market cap of $229.41B and credit ratings of “A-” by S&P and “A1” by Moody’s. In the United States, Bank of America serves approximately 66 million customers and small businesses with 4,300 retail banking offices and approximately 16,300 ATMs. The property is situated in a densely populated area with over 25,700 residents within a 1-mile radius and over 179,300 residents within a 3-mile radius. The surrounding area is affluent, with an average household income exceeding $147,000 within a 1-mile radius. High traffic counts of over 34,200 vehicles pass the site daily on Long Beach Road, and there are over 62,300 daytime employees within a 3-mile radius. The property is located in a dense retail corridor surrounded by several national tenants including Walgreens, CVS, Starbucks, and McDonald's. The property size is 3,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm Bank of America (with ... Bank Mortgage, Bank of America Loan Service

    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
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.6396
    Latitude
    40.6448

    Nearby Similar for Sale

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    • $6,250,000
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      Oceanside Retail Property For Sale

      9,000 square foot retail property in Oceanside, New York.
      3206 Long Beach Rd, Oceanside, NY
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    • $1,699,000
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      Mixed-Use Building in Oceanside

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    FAQs

    What type of property is this?
    Bank - Single tenant bank with absolute NNN lease and zero responsibilities.
    Where is this bank located?
    The property is located at 2756 Long Bch Rd Oceanside, NY.
    What is the asking price?
    The asking price for this property is $14,335,200.
    What are key features of this property?
    This property features: Absolute NNN Lease with Zero Landlord Responsibilities; Investment Grade Tenant: Bank of America (S&P: “A-”, Moody’s: “A1”) with Corporate Guarantee; High Traffic Counts: 34,200+ Vehicles Per Day on Long Beach Road
    (630) 696-0558 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alexander Burks
    Alexander Burks
    Real Estate License ID: #6501456570
    Learn More
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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.

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