Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    49 Fairfield Dr Dix Hills, NY 11746-7162

    • Showrooms
    • 2,406 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jun 20, 2024
    $850,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    5%
    Showrooms
    Location Intelligence
    Property ID
    US63-1280854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wendy B. Doret Ph.D. / Psychologist

    Property Details for 49 Fairfield Dr

    Year built
    1971
    Lot size
    0.29 lot acres
    Property size
    2,406 SF
    Zone code
    A
    Property type
    Showrooms
    APN
    0100-019.00-01.00-038.000
    APU
    100019000100038000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $850,000
      ML approach
      $850,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $750,000
      7%
      $695,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $725,000
      Current use
      OFFICE BUILDING
      $1,145,000
      Change: +58% Conversion: Easy
      AUTO REPAIR, GARAGE
      $885,000
      Change: +22% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dix Hills
    County
    Suffolk
    State
    New York
    Longitude
    -73.3467
    Latitude
    40.7714
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $490
    $4,900
    $5,390
    -
    $742
    $7,424
    $8,166

    Comparable in this City

    • Value Estimation
      $295,000
      0.55 Acres

      17 Jericho Tpke

      SHOW ROOM, WAREHOUSE • 0.55 Acres
      17 Jericho Tpke, Huntington Station, NY 11746-7301
      View Details
    • Value Estimation
      $645,000
      0.80 Acres

      95 Jericho Tpke, Unit 117

      SHOW ROOM, WAREHOUSE • 0.80 Acres
      95 Jericho Tpke, Huntington Station, NY 11746-3654
      View Details
    • Value Estimation
      $345,000
      0.16 Acres

      214 Depot Rd

      SHOW ROOM, WAREHOUSE • 0.16 Acres
      214 Depot Rd, Huntington Station, NY 11746-2469
      View Details
    • Value Estimation
      $325,000
      0.12 Acres

      1342 New York Ave

      SHOW ROOM, WAREHOUSE • 0.12 Acres
      1342 New York Ave, Huntington Station, NY 11746-1703
      View Details
    • Value Estimation
      $305,000
      0.46 Acres

      215 Depot Rd

      SHOW ROOM, WAREHOUSE • 0.46 Acres
      215 Depot Rd, Huntington Station, NY 11746-2448
      View Details
    • Value Estimation
      $335,000
      0.62 Acres

      1783-1785 New York Ave

      SHOW ROOM, WAREHOUSE • 0.62 Acres
      1783-1785 New York Ave, Huntington Station, NY 11746
      View Details

    Similar Nearby for Sale

    • $7,400,000
      23,958 SF

      Huntington Retail Investment Opportunity

      19,000 SF building on Jericho Turnpike, Huntington, NY.
      17 E Jericho Tpke, Huntington, NY 11746
      View Details
    • $1,300,000
      2,400 SF

      Retail Investment Near Huntington LIRR

      Retail property near Huntington LIRR with redevelopment potential.
      137 Broadway, Huntington Station, NY 11746
      View Details
    • $50,000

      Turnkey Vape and Smoke Shop

      Vape and smoke shop for sale on East Jericho Turnpike.
      469a E Jericho Tpke, Huntington Station, NY 11746
      View Details
    • $1,500,000

      Commercial Property with Drive-Up Window

      Prime location suitable for food, retail, or bank use.
      76 E Pulaski Rd, Huntington Station, NY 11746
      View Details
    • $700,000
      Pending

      Prime Huntington Station Retail Opportunity

      Storefront in Huntington Station with high foot traffic and exposure.
      1837 New York Ave, Huntington Station, NY 11746
      View Details
    • $2,700,000
      5,100 SF

      Retail Building With Five Stores

      One-story retail building featuring five individual storefronts.
      905 E Jericho Tpke, Huntington Station, NY 11746
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,010 SF

      Retail Space in Turnpike Plaza

      Grocery-anchored retail space with excellent visibility on Route 25.
      717 E Jericho Tpke, Huntington Station, NY 11746
      View Details
    • $6,800 /Mo
      5,227 SF

      Huntington Retail Space For Lease

      Spacious retail space in prime Huntington location with high traffic.
      95 E Jericho Tpke, Huntington, NY 11746
      View Details
    • $750,000
      2,400 SF

      Retail Space on Jericho Turnpike

      Well-maintained retail building with high visibility on Jericho Turnpike.
      250-252 W Jericho Tpke, Huntington Station, NY 11746
      View Details
    • Contact for pricing
      10,000 SF

      Huntington Neighborhood Strip Center Space

      Retail space in a neighborhood strip center for lease.
      1800 New York Ave, Huntington Station, NY 11746
      View Details
    • Contact for pricing
      3,000 SF

      Prime Retail Space on Route 110

      Freestanding retail building in Huntington Station, high-traffic location.
      247 Walt Whitman Rd, Huntington Station, NY 11746
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space Near Whole Foods

      Retail space available across from the proposed Whole Foods.
      301-437 Walt Whitman Rd, Huntington Station, NY 11746
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    49 Fairfield Dr
    Dix Hills, NY 11746-7162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.