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    1 Old Country Rd, Carle Place, NY 11514 Carle Place, NY 11514
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    1 Old Country Rd, Carle Place, NY 11514, Carle Place, NY 11514

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    • Office Units
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 1 Old Country Rd, Carle Place, NY 11514

    Year built
    1969
    Property type
    Office Units
    Property subtype
    Office buildings

    Description

    Recent building upgrades added new HVAC and building management systems, modernized elevators, and a fully rebuilt parking structure. Thermal cameras were installed in the lobby, and common areas are disinfected with regular electrostatic cleanings to provide a safe workspace. On-site amenities include a deli/café, conference room, fitness facilities, and management, and signage opportunities are available for large users. Situated diagonal to one of the most prominent malls in the country, with easy access to Starbucks, Panera, Tropical Smoothie, and more. Employees and clients alike enjoy abundant on-site parking (at a ratio of 5:1,000 PSF) and convenient connectivity to major freeways and the LIRR. Bus stop located at the front of the building that goes to the LIRR.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carle Place
    County
    State
    New York
    Longitude
    -73.6104058
    Latitude
    40.7526008

    Comparable in this City

    • Value Estimation by Request
      494 SF

      584 Mineola Ave

      OFFICE BUILDING
      584 Mineola Ave, Carle Place, NY 11514-1759
      View Details
    • Value Estimation
      $3,025,000
      6,409 SF

      393 Old Country Rd, Unit 401

      OFFICE BUILDING
      393 Old Country Rd, Carle Place, NY 11514-2131
      View Details
    • Value Estimation
      $555,000
      2,625 SF

      420 Westbury Ave

      OFFICE BUILDING
      420 Westbury Ave, Carle Place, NY 11514-1402
      View Details
    • Value Estimation by Request
      1,093 SF

      555 Westbury Ave

      OFFICE BUILDING
      555 Westbury Ave, Carle Place, NY 11514-1748
      View Details
    • Value Estimation by Request
      1,550 SF

      487 Westbury Ave

      OFFICE BUILDING
      487 Westbury Ave, Carle Place, NY 11514-1450
      View Details
    • Value Estimation
      $2,165,000
      7,110 SF

      200 Stonehinge Ln, Unit 204

      OFFICE BUILDING
      200 Stonehinge Ln, Carle Place, NY 11514-1713
      View Details

    Similar Nearby for Sale

    • $699,000

      Mixed-Use Building in Carle Place

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      Pending

      Carle Place Retail/Medical Building

      Re-built commercial retail/medical building in Carle Place business district.
      470-472 Westbury Ave, Carle Place, NY 11514
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    Similar Nearby for Lease

    • $29 SF/Yr

      Renovated Office Building For Lease

      Office building with ongoing renovations and ample parking near LIRR.
      1 Old Country Rd, Carle Place, NY 11514
      View Details
    • Contact for pricing

      Retail Space on Old Country

      Retail space with high traffic and showroom potential.
      249 Old Country Rd, Carle Place, NY 11514
      View Details
    • Contact for pricing
      3,980 SF

      Renovated Retail Space in Carle Place

      Retail space in renovated center with high visibility and traffic.
      209-221 Glen Cove Rd, Carle Place, NY 11514
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      3,000 SF

      Carle Place Retail Space Available

      Retail space available for rent in Carle Place, NY.
      201-263 Voice Rd, Carle Place, NY 11514
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      4,500 SF

      Retail Space in Carle Place

      4,500 SF retail space with basement in Carle Place.
      265-267 Old Country Rd, Carle Place, NY 11514
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      440 Old Country Rd, Carle Place, NY 11514
      View Details
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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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    1 Old Country Rd, Carle Place, NY 11514, Carle Place, NY, 11514
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