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    175 Crossways Park Dr Woodbury, NY 11797

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    175 Crossways Park Dr Woodbury, NY 11797

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    • Life science properties
    • 40,515 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • International AutoSource / Car Dealership
    • Barbara McDermott / Real Estate Agency
    • John Poggio, Realtor at Realty Connect USA / Real Estate Agency
    • Meadowbrook Pointe Resales / Real Estate Agency
    • Realty Connect USA LLC: Linda Lazio / Real Estate Agency

    Property Details for 175 Crossways Park Dr

    Property size
    40,515 SF
    Property type
    Life science properties
    Property subtype
    Industrial properties

    Description

    This exceptional 40,515-square-foot industrial building, located at 175 Crossways Park Drive in Woodbury, New York, presents a significant opportunity. Currently, 23,376 square feet of prime space is available for lease. The building's flexible design caters to a variety of uses, including flex and R&D operations. The high ceilings, measuring 13.5 feet, provide ample vertical space for various needs. The property sits on a generous 2.93-acre lot in Nassau County, offering significant outdoor space. Ample parking is provided with 160 spaces available, accommodating employees and visitors. The building is multi-tenant, offering flexibility for businesses of varying sizes. The available space is divisible, allowing for customization to suit specific business requirements. This property is ideally situated in Woodbury, NY, with easy access to major transportation routes, making it a highly desirable location for businesses seeking efficient operations and convenient commuting for employees. The zoning allows for a high degree of office and R&D type use, making it a versatile option for a range of businesses. Don't miss this chance to secure a prime location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Nassau
    State
    New York
    Longitude
    -75.1605
    Latitude
    39.8359

    Comparable in this City

    • Value Estimation
      $3,565,000
      18,053 SF

      240 Crossways Park Dr

      HEAVY MANUFACTURING • 18,053 SF
      240 Crossways Park Dr, Woodbury, NY 11797-2033
      View Details
    • Value Estimation
      $1,640,000
      13,448 SF

      1 Crossways Park Dr

      HEAVY MANUFACTURING • 13,448 SF
      1 Crossways Park Dr, Woodbury, NY 11797-2006
      View Details
    • Value Estimation
      $2,930,000
      16,344 SF

      234 Crossways Park Dr, Unit 240

      HEAVY MANUFACTURING • 16,344 SF
      234 Crossways Park Dr, Woodbury, NY 11797-2015
      View Details
    • Value Estimation
      $3,775,000
      22,092 SF

      110 Crossways Park Dr

      MANUFACTURING (LIGHT) • 22,092 SF
      110 Crossways Park Dr, Woodbury, NY 11797-2043
      View Details
    • Value Estimation
      $2,105,000
      6,660 SF

      807 Jericho Tpke

      DISTRIBUTION WAREHOUSE • 6,660 SF
      807 Jericho Tpke, Woodbury, NY 11797-1203
      View Details
    • Value Estimation
      $2,785,000
      17,689 SF

      225 Crossways Park Dr

      DISTRIBUTION WAREHOUSE • 17,689 SF
      225 Crossways Park Dr, Woodbury, NY 11797-2083
      View Details

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    Woodbury, NY 11797
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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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