Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 Great Nck Rd Great Neck, NY 11021-5400
    Back to Search
    Property profile & analytics

    111 Great Nck Rd Great Neck, NY 11021-5400

    View on Map
    • Office buildings
    • 27,976 SF
    • 2.34 lot acres
    Off-Market
    Property ID
    US63-6068098
    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
    $2,975,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brookhill Capital Partners / Financial Advisor
    • Overseas Brokers Inc / Freight Service / Logistics Company
    • Radson Development / Construction Company
    • Susan's Kitchen of Great Neck / Restaurant
    • Rosenberg Leonard M / Law Firm

    Property Details for 111 Great Nck Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    2.34 lot acres
    Property size
    27,976 SF
    Property type
    Office buildings
    APN
    02-376-00-0039
    APU
    2376000039

    Description

    This exceptional Class A office building, known as "The Towers," offers a variety of executive and traditional office suites for lease. Located at 111 Great Neck Road, Great Neck, NY 11021, this six-story building boasts 200,000 square feet of space spread across multiple tenancies. Built in 1980 and extensively renovated in 2004, the property features a modern lobby and a convenient on-site cafe. Parking is abundant, with 545 spaces available across ground and subterranean levels. The building enjoys a prime location near the Long Island Rail Road (LIRR) station, providing easy access to Manhattan (approximately a 20-minute commute). Its strategic location also places it within close proximity to numerous restaurants, cafes, banks, and public transportation options. Tenants benefit from 24/7 building access. The property sits on a 2.34-acre lot and is conveniently situated near Great Neck Road. This building offers a competitive advantage, rivaling even the most desirable Manhattan office spaces. The property's amenities and location make it an ideal choice for businesses seeking a prestigious and convenient workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.7296
    Latitude
    40.7853
    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
    2023
    $1,497,212
    $43,136
    $287,451
    $330,587
    -
    $0.00
    $0.00
    $33,058,700

    Comparable in this City

    • Value Estimation
      $1,365,000
      2,352 SF

      6 Grace Ave

      OFFICE BUILDING • 2,352 SF
      6 Grace Ave, Great Neck, NY 11021-2445
      View Details
    • Value Estimation by Request
      2,400 SF

      358-360 Great Nck Rd

      OFFICE BUILDING • 2,400 SF
      358-360 Great Nck Rd, Great Neck, NY 11021
      View Details
    • Value Estimation by Request
      672 SF

      891 Northern Blvd

      OFFICE BUILDING • 672 SF
      891 Northern Blvd, Great Neck, NY 11021-5334
      View Details
    • Value Estimation
      $6,375,000
      15,971 SF

      825 Northern Blvd

      PROFESSIONAL BUILDING (MULTI-STORY) • 15,971 SF
      825 Northern Blvd, Great Neck, NY 11021-5321
      View Details
    • Value Estimation
      $4,870,000
      19,368 SF

      107 Northern Blvd

      OFFICE BUILDING • 19,368 SF
      107 Northern Blvd, Great Neck, NY 11021-4311
      View Details
    • Value Estimation
      $1,535,000
      3,100 SF

      310 Northern Blvd

      OFFICE BUILDING • 3,100 SF
      310 Northern Blvd, Great Neck, NY 11021-4823
      View Details

    Similar Nearby for Sale

    • $8,990,000
      0.23 Acres

      Great Neck Mixed-Use Investment

      Fully occupied mixed-use building in prime Great Neck location.
      17 Maple Dr, Great Neck, NY 11021
      View Details
    • $459,000

      Medical Office in Great Neck

      Medical office in prime location, Great Neck, excellent transit access.
      40 Stone Ave, Great Neck Plaza, NY 11021
      View Details
    • $488,888
      800 SF

      Storefront in Great Neck Heart

      800 sq ft storefront ideal for retail or office.
      57A Cuttermill Rd, Great Neck, NY 11021
      View Details
    • $9,600,000
      23,118 SF

      Great Neck Medical Office Building

      Prime Location, High NOI, Excellent Condition
      29 Barstow Rd, Great Neck, NY 11021
      View Details
    • $198,000
      750 SF

      Great Neck Office Unit

      Office unit featuring multiple rooms in Great Neck, NY.
      15 Canterbury Rd, Great Neck, NY 11021
      View Details

    Similar Nearby for Lease

    • $13,680 /Mo
      16,592 SF

      Prestigious Great Neck Office Space

      Sophisticated office environment with subdivision potential in Great Neck.
      60 Cuttermill Rd, Great Neck, NY 11021
      View Details
    • Contact for pricing
      5,000 SF

      Professional Office / Medical Building

      Two-story elevatored building with on-site parking near Northern Boulevard.
      333 E Shore Rd, Manhasset, NY 11021
      View Details
    • Contact for pricing

      Professional Office Building Near LIRR

      Boutique office building in Great Neck, near transportation.
      45 N Station Plz, Great Neck, NY 11021
      View Details
    • Contact for pricing
      65,000 SF

      Great Neck Office Space

      65,000 SF office building in Great Neck, NY.
      12 Bond St, Great Neck, NY 11021
      View Details
    • Contact for pricing
      2,323 SF

      Great Neck Office Space Available

      Office space for rent near LIRR station and amenities.
      111 Great Neck Rd, Great Neck, NY 11021
      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.
    111 Great Nck Rd
    Great Neck, NY 11021-5400
    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
    111 Great Nck Rd, Great Neck, NY, 11021
    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!