Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Meacham Ave Elmont, NY 11003-2664
    Back to Search
    Property profile & analytics

    115 Meacham Ave Elmont, NY 11003-2664

    View on Map
    • Office buildings
    • 4,402 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US63-4208697
    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
    $775,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Source Realty Capital / Loan Service / Bank
    • Bless physical therapy / Physician
    • Brookhaven Spine & Sports Chiropractic- Elmont Location / Alternative Medicine Practice
    • Med Delivery Service LLC / Freight Service / Logistics Company
    • International Sea & Air Shipping / Moving Company / Storage Facility

    Property Details for 115 Meacham Ave

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    4,402 SF
    Property type
    Office buildings
    APN
    32-568-00-0001
    APU
    32568000001

    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
    Elmont
    County
    Nassau
    State
    New York
    Longitude
    -73.6902
    Latitude
    40.705
    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
    $52,350
    $2,078
    $5,864
    $7,942
    -
    $0.00
    $0.00
    $794,200

    Comparable in this City

    • Value Estimation
      $560,000
      3,150 SF

      1995 Linden Blvd

      OFFICE BUILDING • 3,150 SF
      1995 Linden Blvd, Elmont, NY 11003-4024
      View Details
    • Value Estimation
      $700,000
      3,500 SF

      820 Elmont Rd

      OFFICE BUILDING • 3,500 SF
      820 Elmont Rd, Elmont, NY 11003-4026
      View Details
    • Value Estimation
      $720,000
      3,603 SF

      161 Hempstead Tpke

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,603 SF
      161 Hempstead Tpke, Elmont, NY 11003-1432
      View Details
    • Value Estimation
      $3,310,000
      16,569 SF

      615 Hempstead Tpke

      OFFICE BUILDING • 16,569 SF
      615 Hempstead Tpke, Elmont, NY 11003
      View Details
    • Value Estimation
      $2,640,000
      6,000 SF

      570 Elmont Rd

      OFFICE BUILDING • 6,000 SF
      570 Elmont Rd, Elmont, NY 11003-3535
      View Details
    • Value Estimation
      $4,060,000
      360 SF

      2016 Linden Blvd

      OFFICE BUILDING • 360 SF
      2016 Linden Blvd, Elmont, NY 11003-4033
      View Details

    Similar Nearby for Sale

    • $1,600,000
      0.11 Acres

      Elmont Four-Family Brick Building

      Legal four-family property in Elmont, great for investment.
      273 Meacham Ave, Elmont, NY 11003
      View Details
    • $2,500,000
      0.27 Acres

      Elmont Commercial Investment Opportunity

      Commercial property for sale in Elmont, NY.
      1285 Hempstead Tpke, Elmont, NY 11003
      View Details
    • $549,888
      Pending

      Elmont Duplex with Garage

      Two-family duplex in Elmont, featuring a separate garage.
      6 Hendrickson Ave, Elmont, NY 11003
      View Details
    • $1,100,000
      0.08 Acres

      Renovated Colonial Home with Income

      Elmont triplex with renovated interiors, kitchens, and baths.
      1371 Rosser Ave, Elmont, NY 11003
      View Details
    • $4,500,000
      0.93 Acres

      Elmont, NY Development Site

      Development site near Hempstead Tpk, ideal for various uses.
      1888 Foster Meadow Rd, Elmont, NY 11003
      View Details
    • $1,099,000
      Pending

      Elmont Multi-Family Near UBS Arena

      Multi-family property in Elmont near UBS Arena.
      472 Kirkman Ave, Elmont, NY 11003
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Commercial Space Available

      Prime location with high traffic and private parking.
      1717 Hempstead Tpke, Hempstead, NY 11003
      View Details
    • Contact for pricing
      50,000 SF

      Elmont Office Space Available

      50000 square feet of office space for rent.
      277 Hempstead Tpke, Elmont, NY 11003
      View Details
    • Contact for pricing
      4,200 SF

      Modern Office Space Available

      Renovated office space with modern features and excellent location.
      1975 Linden Blvd, Elmont, NY 11003
      View Details
    • Contact for pricing

      Renovated One Bedroom Apartment

      Bright, renovated one-bedroom apartment with new kitchen and stainless steel appliances.
      119 Crown Ave, Elmont, NY 11003
      View Details
    • Contact for pricing
      Pending

      Elmont Two Bedroom Apartment

      Two-bedroom apartment with updated kitchen in Elmont, New York.
      260 Biltmore Ave, Elmont, NY 11003
      View Details
    • Contact for pricing
      1,525 SF

      Retail Space on Dutch Broadway

      Retail space with high visibility and ample parking available.
      1615-1631 Dutch Broadway, Elmont, NY 11003
      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.
    115 Meacham Ave
    Elmont, NY 11003-2664
    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
    115 Meacham Ave, Elmont, NY, 11003
    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!