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    1425 Rxr Plz Uniondale, NY 11553
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    Property profile & analytics

    1425 Rxr Plz Uniondale, NY 11553

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    • Office Spaces
    • 1,100,000 SF
    • 26.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weinstock Benjamin / Law Firm
    • E. Christopher Murray / Law Firm
    • Levy, Stopol & Camelo / Law Firm
    • Bateman Jr Alexander G / Law Firm
    • Empire Government Strategies / Consultant

    Property Details for 1425 Rxr Plz

    Lot size
    26.00 lot acres
    Property size
    1,100,000 SF
    Property type
    Office Spaces

    Description

    This exceptional Class A office sublease opportunity is located at 1425 RXR Plaza in Uniondale, NY, within the Mitchell Field submarket of Central Nassau County. The space encompasses 8,425 square feet, ideal for a variety of business needs. Situated on a substantial 26-acre site, the building boasts a total of 1,100,000 square feet of office space and provides ample parking with 1200 spaces available. The property's convenient location offers easy access via Hempstead Turnpike. This is a multi-tenant building, providing a vibrant and collaborative work environment. The sublease agreement offers a flexible term, expiring in December 2026. The property is located in Nassau County, New York, with a zip code of 11553. This prime location in the Central Nassau County submarket offers excellent accessibility and visibility. The building's impressive size and amenities make it an attractive option for businesses seeking a prestigious and functional workspace. This is a rare opportunity to secure high-quality office space in a desirable location with ample parking and convenient access to major transportation routes. Inquire today to learn more about this exceptional sublease opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Uniondale
    County
    Nassau
    State
    New York
    Longitude
    -73.5838
    Latitude
    40.7203

    Comparable in this City

    • Value Estimation
      $1,415,000
      7,847 SF

      925 Nassau Rd, Unit 939

      CONDOMINIUM OFFICES • 7,847 SF
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    • Value Estimation by Request
      4.27 Acres

      877-6 Stewart Ave, Unit 6

      CONDOMINIUM OFFICES • 4.27 Acres
      877-6 Stewart Ave, Uniondale, NY 11553
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    • Value Estimation by Request
      4.27 Acres

      877-9 Stewart Ave, Unit 9

      CONDOMINIUM OFFICES • 4.27 Acres
      877-9 Stewart Ave, Uniondale, NY 11553
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    • Value Estimation by Request
      4.27 Acres

      877 Stewart Ave, Unit 23

      CONDOMINIUM OFFICES • 4.27 Acres
      877 Stewart Ave, Uniondale, NY 11553
      View Details
    • Value Estimation by Request
      1,860 SF

      615 Jerusalem Ave

      OFFICE BUILDING • 1,860 SF
      615 Jerusalem Ave, Uniondale, NY 11553-2646
      View Details
    • Value Estimation by Request
      1,980 SF

      955 Frnt St

      PROFESSIONAL BUILDING (MULTI-STORY) • 1,980 SF
      955 Frnt St, Uniondale, NY 11553-1642
      View Details

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    Similar Nearby for Lease

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      4,875 SF

      Uniondale Office Space For Rent

      Office space available for lease in Uniondale, New York.
      Rxr Plz, Uniondale, NY 11553
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      Uniondale Office Sublease Opportunity

      16,504 SF office space available for sublease in Uniondale.
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      1,500 SF

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      Retail space available on heavily trafficked Hempstead Turnpike.
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    Uniondale, NY 11553
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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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