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    1350 Deer Park Ave North Babylon, NY 11703
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    Property profile & analytics

    1350 Deer Park Ave North Babylon, NY 11703

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    • Lifestyle centers
    • 4,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Ultimate Bakery (A&G) / Bakery / Specialty Food Shop
    • Heart and Health Cardiac Genetic Testing / Medical Clinic
    • CARDIAC GENETIC TESTING / Medical Clinic
    • Heart and Health Medical Primary Care: Susan Diaz-Giraldo, AGACNP-BC, MS, RN, CEN / Physician
    • Fresh nails / Nail Salon

    Property Details for 1350 Deer Park Ave

    Property size
    4,200 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.3225
    Latitude
    40.7427

    Comparable in this City

    • Value Estimation by Request
      35,000 SF

      1241 Deer Park Ave

      Lifestyle centers • 35,000 SF
      1241 Deer Park Ave, North Babylon, NY 11703
      View Details
    • Value Estimation by Request
      61,437 SF

      20 Deer Shr Sq

      Lifestyle centers • 61,437 SF
      20 Deer Shr Sq, North Babylon, NY 11703
      View Details
    • Value Estimation by Request
      0.80 Acres

      1287th Deer Park Ave

      AUTO REPAIR, GARAGE • 0.80 Acres
      1287th Deer Park Ave, North Babylon, NY 11703-1213
      View Details
    • Value Estimation by Request
      0.70 Acres

      785 Deer Park Ave

      SHOW ROOM, WAREHOUSE • 0.70 Acres
      785 Deer Park Ave, Babylon, NY 11703-4303
      View Details
    • Value Estimation by Request
      0.07 Acres

      759 Deer Park Ave

      SHOW ROOM, WAREHOUSE • 0.07 Acres
      759 Deer Park Ave, North Babylon, NY 11703-4308
      View Details
    • Value Estimation by Request
      3,871 SF

      990 Deer Park Ave

      FINANCIAL BUILDING • 3,871 SF
      990 Deer Park Ave, North Babylon, NY 11703-3802
      View Details

    Similar Nearby for Sale

    • $400,000
      0.18 Acres

      North Babylon Commercial Corner Lot

      High-traffic location ideal for retail, office, or redevelopment.
      1443 Deer Park Ave, North Babylon, NY 11703
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    • New
      $798,888
      0.16 Acres

      Transformed Cape with Investment Potential

      Modern, spacious North Babylon home with investment potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
      1258 Deer Park Ave, North Babylon, NY 11703
      View Details
    • Contact for pricing
      10,812 SF

      Retail Space at Signalized Intersection

      Retail opportunity at a high-traffic, easily accessible location.
      20-74 Deer Park Ave, Deer Park, NY 11703
      View Details
    • Contact for pricing
      13,433 SF

      Retail Space in North Babylon

      Retail space available at signalized intersection in North Babylon.
      1112-1230 Deer Park Ave, North Babylon, NY 11703
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail spaces available for lease.
      1112 Deer Park Ave, North Babylon, NY 11703
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space on Deer Park Avenue

      Retail space available on busy Deer Park Avenue.
      1239-1241 Deer Park Ave, North Babylon, NY 11703
      View Details
    • $7,000 /Mo
      12,001 SF

      North Babylon Commercial Building For Lease

      Commercial building for lease on a 0.27 acre corner lot.
      1469 Deer Park Ave, North Babylon, NY 11703
      View Details
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    North Babylon, NY 11703
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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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