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    460-470 Glen Cove Ave Sea Cliff, NY 11579
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    460-470 Glen Cove Ave Sea Cliff, NY 11579

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    • Office Spaces
    • 14,352 SF
    • 0.44 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 460-470 Glen Cove Ave

    Year built
    1978
    Lot size
    0.44 lot acres
    Property size
    14,352 SF
    Property type
    Office Spaces

    Description

    This exceptional Sea Cliff office space, totaling 500 square feet, is situated on the second floor of a larger building at 466A Glen Cove Avenue, in the 11579 zip code. The building itself comprises 14,352 square feet across two stories, constructed in 1978. The property sits on a 0.44-acre lot and offers convenient access to ample parking with 20 spaces available. While there are no elevators, the location offers significant advantages. The office space is part of a multi-tenant building, and 500 square feet is currently vacant. Its strategic location directly across from North Shore High School (enrollment 746 students) and a short distance from North Shore Middle School (enrollment 646 students) provides high visibility and potential for attracting clients. Furthermore, its proximity to the Sea Cliff LIRR station (1.4 miles) ensures easy commuting for employees and clients alike. The property's address is 466A Glen Cove Ave, Sea Cliff, NY, with a cross street of Club Rd. This recently renovated space presents a unique opportunity for businesses seeking a well-connected and highly visible location in a thriving community. The property type is a traditional office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sea Cliff
    County
    Nassau
    State
    New York
    Longitude
    -73.6338
    Latitude
    40.8385

    Comparable in this City

    • Value Estimation
      $1,280,000
      5,512 SF

      100 Roslyn Ave

      OFFICE BUILDING • 5,512 SF
      100 Roslyn Ave, Sea Cliff, NY 11579-1274
      View Details
    • Value Estimation
      $1,090,000
      2,572 SF

      404 Gln Cv Ave

      OFFICE BUILDING • 2,572 SF
      404 Gln Cv Ave, Sea Cliff, NY 11579-2107
      View Details
    • Value Estimation
      $1,170,000
      1,216 SF

      267 Sea Clf Ave

      OFFICE BUILDING • 1,216 SF
      267 Sea Clf Ave, Sea Cliff, NY 11579-1253
      View Details
    • Value Estimation by Request
      0.01 Acres

      Gln Cv Ave

      DISTRIBUTION WAREHOUSE • 0.01 Acres
      Gln Cv Ave, Sea Cliff, NY 11579
      View Details
    • Value Estimation
      $755,000
      1,080 SF

      208 Sea Clf Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      208 Sea Clf Ave, Sea Cliff, NY 11579-1232
      View Details
    • Value Estimation by Request
      1,478 SF

      241 Gln Cv Ave

      LIGHT INDUSTRIAL • 1,478 SF
      241 Gln Cv Ave, Sea Cliff, NY 11579-1816
      View Details

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    • $1,495,000
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      Retail Property in Sea Cliff

      Retail property available for sale in Sea Cliff, New York.
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    Similar Nearby for Lease

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    • $2,400 /Mo

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      Parking lots & garages
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    Sea Cliff, NY 11579
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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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