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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Distribution centers
1 Continental Hl Glen Cove, NY 11542-2934
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0695244
Property summary
AI-generated overview
This exceptional 15,125-square-foot warehouse, situated on a 0.81-acre lot in Glen Cove, NY (11542), presents a unique investment opportunity. Built in 1920 and extensively renovated in 2020, this two-story building offers a blend of historical charm and modern functionality. The front features three spaces with convenient overhead doors, while the rear provides expansive warehouse and storage areas, complemented by high ceilings, an open floor plan, and a usable basement. Ideal for various uses including warehousing, manufacturing, and distribution, this property is zoned R-4B, allowing for special uses subject to Planning Board approval, including modifications to non-conforming structures and religious institutions. The property is being delivered vacant upon closing, providing immediate occupancy for an owner-operator. This prime location in Nassau County offers easy access to major transportation routes and is perfect for businesses seeking a versatile and well-maintained industrial space. The asking price is $3,300,000. A property video is available online.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1920
Construction
FRAME
Total area
5,178 SF
Lot
0.79 ac (34,500 SF)
APN
21-009-00-0006
UPID
US63-0695244
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
-
The Plant Doctor Landscaping General Contractor
-
Colonial Heritage Custom Furniture General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
One Continental Glen Cove LLC · 6 yrs held
One Continental Glen Cove LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Glen Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Cove 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,605,000
Current use
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10%
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
$359 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,460
Tax year 2022
Assessed value
$7,318
Assessed 2023
Previous assessed
$7,318
+0.0% YoY
Effective rate
33.62%
On assessed value
Assessed land
$4,832
Assessed improvement
$2,486
Total market value
$731,800
Applied tax rate
991.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Stories
1
Total area
5,178 SF
Lot
0.79 ac (34,500 SF)
APN
21-009-00-0006
UPID
US63-0695244
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
WAREHOUSE, STORAGE Current
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
1920
Construction
FRAME
Heating
FORCED AIR
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
One Continental Glen Cove LLC
Entity
Mailing address
108 GLN CV AVE, GLEN COVE, NY 11542-2832
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2019
$2,085,000
One Continental Glen Cove LLC
Continental Hill Corp
Bargain And Sale Deed
—
—
—
Continental Hill Corp
—
Deed Of Trust
related
$380,000 · E & J Funding Associates
—
—
Continental Hill Corp
—
Deed Of Trust
related
$300,000 · 76 North Realty Co LLC
—
—
Continental Hill Corp
—
Deed Of Trust
related
$430,000 · Caps Associates Caps Associates
—
—
Continental Hill Corp
—
Deed Of Trust
related
$550,000 · E & J Funding Associates E & J Funding Associates
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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