Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1 Garvies Point Road Glen Cove, NY 11542
    Back to Search
    Property profile & analytics

    1 Garvies Point Road Glen Cove, NY 11542

    View on Map
    • Manufacturing properties
    • 15,000 SF
    • 6.33 lot acres
    For Sale
    $19,888,000
    View Listing →
    6+ Acre Mixed-Use Property/Development Site In Glen Cove For Sale For Sale
    $19,888,000
    82,277 SF

    6+ Acre Mixed-Use Property/Development Site In Glen Cove For Sale

    6+ Acre Mixed-Use Property/Development Site In Glen Cove For Sale

    1 Garvies Point Road, Glen Cove, NY 11542
    View Listing
    Property ID
    US63-6172338
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pallet Depot Plus / Freight Service / Logistics Company
    • Meva TeleHealth & Patient Communication / (Bike/Boat/Book/etc) Store / Corporate Office
    • ProCast Wheel Factory / Industrial Manufacturer / Production Facility
    • Jennifer Chambers / Big Box & Wholesale Store
    • Robert Gerov Media / Marketing & Advertising / Advertising Agency

    Property Details for 1 Garvies Point Road

    Year built
    1959
    Lot size
    6.33 lot acres
    Property size
    15,000 SF
    Property type
    Manufacturing properties
    APN
    21-00A-00-0216
    APU
    2100A000216

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $9,050,000
      Current use
      RESTAURANT
      $13,315,000
      Change: +47% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $13,160,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $10,585,000
      Change: +17% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,860,000
      Change: +9% Conversion: Easy
      COMMERCIAL (GENERAL)
      $9,710,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $8,545,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Cove
    County
    Nassau
    State
    New York
    Longitude
    -73.6395
    Latitude
    40.8608
    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
    2022
    $16,637
    $27,881
    $20,572
    $48,453
    -
    $0.00
    $0.00
    $4,845,300

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      45 Sea Clf Ave

      FACTORY (MANUFACTURING) • 0.62 Acres
      45 Sea Clf Ave, Glen Cove, NY 11542-3633
      View Details
    • Value Estimation
      $3,260,000
      5,250 SF

      31 Sea Clf Ave

      MANUFACTURING (LIGHT) • 5,250 SF
      31 Sea Clf Ave, Glen Cove, NY 11542-3629
      View Details
    • Value Estimation by Request
      185,944 SF

      18-38 Garvies Point Rd

      Life science properties • 185,944 SF
      18-38 Garvies Point Rd, Glen Cove, NY 11542
      View Details
    • Value Estimation
      $2,735,000
      20,000 SF

      31 Sea Clf Ave

      FACTORY (MANUFACTURING) • 20,000 SF
      31 Sea Clf Ave, Glen Cove, NY 11542-3629
      View Details
    • Value Estimation
      $560,000
      1,440 SF

      The Pl

      FACTORY (MANUFACTURING) • 1,440 SF
      The Pl, Glen Cove, NY 11542
      View Details
    • Value Estimation
      $2,275,000
      3,660 SF

      36 Sea Clf Ave

      MANUFACTURING (LIGHT) • 3,660 SF
      36 Sea Clf Ave, Glen Cove, NY 11542-3635
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,408 SF

      Locust Valley Industrial Building

      Two-story industrial building in Locust Valley, ideal for user/investor.
      480 Forest Ave, Locust Valley, NY 11542
      View Details
    • $1,100,000
      2.23 Acres

      Approved Lot in Matinecock Village

      2.23 acre lot approved for building a dream home.
      47 Laurel Ln, Locust Valley, NY 11542
      View Details
    • $950,000
      1.83 Acres

      Land in Glen Cove Estates

      1.83 acre lot in historical Glen Cove estates section.
      147 Dosoris Ln, Glen Cove, NY 11542
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      Glen Cove Storage Space

      Lower level storage space in Glen Cove available for rent.
      34 Glen St, Glen Cove, NY 11542
      View Details
    • $4,500 /Mo
      8,777 SF

      Glen Cove Work/Live Space

      Unique work/live space suitable for various business and residential purposes.
      122 Forest Ave, Glen Cove, NY 11542
      View Details
    • $35 SF/Yr

      Glen Cove Retail Storefront Opportunity

      Well-located retail storefront in the heart of Glen Cove.
      64 School St, Glen Cove, NY 11542
      View Details
    • $3,500 /Mo

      Downtown Glen Cove Office Space

      Office space in downtown Glen Cove near shops and restaurants.
      58 School St, Glen Cove, NY 11542
      View Details
    • $2,600 /Mo

      Spacious Apartment with Bonus Room

      Second-floor apartment featuring a bonus room, driveway parking, and in-unit laundry.
      34 Smith St, Glen Cove, NY 11542
      View Details
    View Listing
    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.
    1 Garvies Point Road
    Glen Cove, NY 11542
    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

    Thank You for Inquiry
    1 Garvies Point Road, Glen Cove, NY, 11542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!