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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Manufacturing properties
110 Schmitt Blvd, Farmingdale, NY 11735-1424
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1772202
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
19,980 SF
Lot
1.04 ac (45,302 SF)
Zoning code
G
APN
0100-036.00-02.00-008.000
UPID
US63-1772202
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
-
Barista Underground Big Box & Wholesale Store Food Market
-
Association-Fund Raising Pro Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.37M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$4.43M
Owner & transaction history
Solon 110 Schmitt Blv LLC · 3 yrs held
Solon 110 Schmitt Blv LLC
since 2022
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
G · Farmingdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+45.4%
Commercial (general)
$6.0M
+18.9%
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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%
$4,730,000
6.5%
$4,365,000
7%
$4,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,050,000
Current use
AUTO REPAIR, GARAGE
$7,345,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,005,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,265,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10% · vs last sale $4.50M (Dec 9 2022)
Last sale anchor
$4.50M
Dec 9 2022
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
$222 / 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
$15,530
Assessed 2023
Previous assessed
$15,530
+0.0% YoY
Assessed land
$4,680
Assessed improvement
$10,850
Land market value
$709,091
Improvement market value
$1,643,939
Total market value
$2,353,030
Applied tax rate
472,605.0000
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
Heating
NONE
Total area
19,980 SF
Lot
1.04 ac (45,302 SF)
Zoning code
G
APN
0100-036.00-02.00-008.000
UPID
US63-1772202
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
G · Farmingdale, NY
Zoning G · permitted uses
G · Farmingdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
1.04 ac
Current owner
From public records · entity-resolved
Solon 110 Schmitt Blv LLC
Entity
Mailing address
135 SCHMITT BLVD, FARMINGDALE, NY 11735-1403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$4,500,000
Solon 110 Schmitt Blv LLC
110 Schmitt Realty LLC
Deed
$3,600,000 · M & T Bank
Dec 13, 2016
$2,150,000
110 Schmitt Realty LLC
32-02 Greenpoint Avenue Corp
Grant Deed
$1,500,000 · Jp Morgan Chase Bk
Jul 10, 2015
$1,790,000
32-02 Greenpoint Avenue Corp
Pride Properties Realty LLC
Grant Deed
—
Aug 18, 2011
—
Pride Properties Realty LLC
Sycoff,alan R
Grant Deed
related
—
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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