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    710-2 Union Pkwy Ronkonkoma, NY 11779

    • Warehouses
    • 4,600 SF
    For Sale
    View listing
    $1,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ETI Consultants / Building Inspector

    Property Details for 710-2 Union Pkwy

    Property size
    4,600 SF
    Property type
    Warehouses
    Property subtype
    Life science properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ronkonkoma
    County
    Suffolk
    State
    New York
    Longitude
    -73.1205
    Latitude
    40.7912

    Comparable in this City

    • Value Estimation by Request

      711 Koehler Ave

      Life science properties
      711 Koehler Ave, Ronkonkoma, NY 11779
      View Details
    • Value Estimation by Request
      103,000 SF

      101-125 Comac St

      Life science properties • 103,000 SF
      101-125 Comac St, Ronkonkoma, NY 11779
      View Details
    • Value Estimation by Request
      15.92 Acres

      4001 Veterans Memorial Hwy

      WASTE DISPOSAL, SEWAGE • 15.92 Acres
      4001 Veterans Memorial Hwy, Ronkonkoma, NY 11779-7622
      View Details
    • Value Estimation by Request
      1.00 Acre

      130 Raynor Ave

      WAREHOUSE, STORAGE • 1.00 Acre
      130 Raynor Ave, Ronkonkoma, NY 11779-6661
      View Details
    • Value Estimation by Request
      0.80 Acres

      880 Marconi Ave

      WAREHOUSE, STORAGE • 0.80 Acres
      880 Marconi Ave, Ronkonkoma, NY 11779-7227
      View Details
    • Value Estimation by Request
      0.41 Acres

      624 Portion Rd

      BULK STORAGE, TANKS • 0.41 Acres
      624 Portion Rd, Ronkonkoma, NY 11779-1872
      View Details

    Similar Nearby for Sale

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      4,600 SF

      Ronkonkoma Industrial Warehouse For Sale

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      710-2 Union Pkwy, Ronkonkoma, NY 11779
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      18,500 SF

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      Ronkonkoma Flex Space For Sale

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    • $1,110,000
      1.46 Acres

      Land with Approved Plans

      Land with plans for three two-family homes near LIRR.
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    Similar Nearby for Lease

    • $17 SF/Yr
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      Ronkonkoma Industrial Flex Space

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    • $13 SF/Yr
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      Long Island Industrial Park Space

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      Ronkonkoma Warehouse Space Available

      Flexible Warehouse Space in Ronkonkoma, NY
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      103,000 SF

      Ronkonkoma Industrial Space for Lease

      103,000 SF R&D Space Available
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      Proposed Warehouse in Central Suffolk

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      View Details
    • Contact for pricing

      Ronkonkoma Warehouse Space Available

      Warehouse space available for rent in Ronkonkoma, New York.
      2100 Smithtown Ave, Ronkonkoma, NY 11779
      View Details
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    Ronkonkoma, NY 11779
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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.

    More about this property
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