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Property profile & analytics
OFF-MARKET
Estimated value
$15,330,000
Manufacturing properties
1 Burt Dr Deer Park, NY 11729-5701
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1556248
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
70,000 SF
Lot
3.75 ac (163,350 SF)
Zoning code
GA
APN
0100-067.00-01.00-022.021
UPID
US63-1556248
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sound Coat Company Corporate Office
-
Long Island Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.57M
CAP Approach
CAP
$15.29M
Comparable Approach
Comparable
$15.63M
Blend (final)
Blend
$15.33M
Owner & transaction history
1 Burt Drive LLC · 5 yrs held
1 Burt Drive LLC
since 2021
Last sale
$10.5M
2 recorded transactions
Zoning & alternative use
GA · Deer Park, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.0M
+17.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Deer Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deer Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,840,000
ML approach
$14,565,000
CAP Approach
CAP Return
Estimation
6%
$16,565,000
6.5%
$15,290,000
7%
$14,200,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$17,935,000
Current use
COMMERCIAL (GENERAL)
$21,040,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,935,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$15.33M
Range $13.80M – $16.86M · ±10% · vs last sale $10.50M (Feb 8 2021)
Last sale anchor
$10.50M
Feb 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$219 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$47,580
Assessed 2023
Previous assessed
$47,580
+0.0% YoY
Assessed land
$10,500
Assessed improvement
$37,080
Land market value
$15,909
Improvement market value
$56,182
Total market value
$72,091
Applied tax rate
472,007.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Heating
NONE
Total area
70,000 SF
Lot
3.75 ac (163,350 SF)
Zoning code
GA
APN
0100-067.00-01.00-022.021
UPID
US63-1556248
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
GA · Deer Park, NYZoning GA · permitted uses
GA · Deer Park, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$21.0M
WAREHOUSE, STORAGE
Est. value
$14.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
3.75 ac
Current owner
From public records · entity-resolved
1 Burt Drive LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1113 N COUNTRY RD UNIT #2, STONY BROOK, NY 11790-1928
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
—
1 Burt Drive LLC
—
Deed
related
$6,800,000 · New York Community Bank
Feb 8, 2021
$10,500,000
1 Burt Drive LLC
Decibel Real Estate Corp
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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