Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    116 County Courthouse Rd Garden City Park, NY 11040-5342
    Back to Search
    Property profile & analytics

    116 County Courthouse Rd Garden City Park, NY 11040-5342

    View on Map
    • Manufacturing properties
    • 1,845 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Jan 17, 2025
    $1,900,000
    Property ID
    US63-0084713
    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

    • Eastern Findings Corporation / Metal Fabrication Plant / Factory
    • Leslie Digital Imaging / Big Box & Wholesale Store
    • PRG Brokerage Inc / Insurance Agency

    Property Details for 116 County Courthouse Rd

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    1,845 SF
    Property type
    Manufacturing properties
    APN
    33-150-00-0272
    APU
    33150000272

    Description

    This exceptional 6,500 square foot warehouse, located at 116 County Courthouse Road in Garden City Park, New York, presents a compelling investment opportunity. Priced at $2,195,000, this industrial property sits on a 0.26-acre lot and offers 15 parking spaces. The warehouse boasts a 12-foot ceiling height, one dock-high door, and one drive-in door, enhancing operational efficiency. The interior includes a sizable 3,500 square foot office area, ideal for administrative functions. The property is fully air-conditioned and equipped with a comprehensive sprinkler system, ensuring a safe and comfortable work environment. Heating is provided by gas, and the building benefits from a robust 400-amp power supply. Utilities include sewer access. The rear yard is fenced, well-lit, and secure, providing ample storage and peace of mind. A significant advantage is the property's convenient proximity to the LIRR Merillon Avenue Station, offering easy access to public transportation. This property is a rare find, combining functionality, location, and security in a highly desirable area. Off-street parking is available within the private lot.

    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
    Garden City Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6605
    Latitude
    40.7373
    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
    $51,813
    $3,780
    $2,601
    $6,381
    -
    $0.00
    $0.00
    $638,100

    Comparable in this City

    • Value Estimation by Request
      3,120 SF

      170 Nassau Terminal Rd

      MANUFACTURING (LIGHT) • 3,120 SF
      170 Nassau Terminal Rd, New Hyde Park, NY 11040-4940
      View Details
    • Value Estimation
      $5,330,000
      42,120 SF

      50 Nassau Terminal Rd

      MANUFACTURING (LIGHT) • 42,120 SF
      50 Nassau Terminal Rd, New Hyde Park, NY 11040-4951
      View Details
    • Value Estimation
      $1,620,000
      5,580 SF

      161 Railroad Ave

      HEAVY MANUFACTURING • 5,580 SF
      161 Railroad Ave, New Hyde Park, NY 11040-5016
      View Details
    • Value Estimation
      $2,290,000
      12,223 SF

      195 Atlantic Ave

      MANUFACTURING (LIGHT) • 12,223 SF
      195 Atlantic Ave, New Hyde Park, NY 11040-5027
      View Details
    • Value Estimation
      $565,000
      4,602 SF

      149 Covert Ave

      MANUFACTURING (LIGHT) • 4,602 SF
      149 Covert Ave, New Hyde Park, NY 11040-4806
      View Details
    • Value Estimation by Request
      750 SF

      11 Dennis St

      HEAVY MANUFACTURING • 750 SF
      11 Dennis St, Garden City Park, NY 11040-5001
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Auto Showroom & Warehouse For Sale

      Auto showroom and warehouse with yard space for sale/lease.
      2070 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      6,208 SF

      New Hyde Park Investment Opportunity

      Two-story, 6,208 SF property in thriving New Hyde Park.
      1840 Falmouth Ave, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      11,812 SF

      Jericho Turnpike Mixed-Use Building

      Two-story, 11,812 SF building on Jericho Turnpike.
      2070 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      10,684 SF

      Multi-Story Industrial Building with Apartment

      10,684 Sq. Ft. industrial building with residential apartment.
      36 Lakeville Rd, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      50,570 SF

      Warehouse with Secured Yard

      50,570 SF warehouse featuring loading docks and parking.
      50 Nassau Terminal Rd, New Hyde Park, NY 11040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Distribution/Manufacturing Space Near Border

      Conveniently located distribution/manufacturing space near Queens/Nassau border.
      50 Nassau Terminal Rd, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      3,830 SF

      Industrial Space Available For Lease

      Industrial space available for lease, totaling 3,830 square feet.
      55 Tulip Pl, New Hyde Park, NY 11040
      View Details
    • $5,975 /Mo
      7,240 SF

      New Hyde Park Commercial Space

      Commercial space for lease in New Hyde Park, NY.
      1631 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space in New Hyde Park

      20,000 SF retail space with ample parking.
      3350 Hillside Ave, New Hyde Park, NY 11040
      View Details
    • $3,300 /Mo

      Retail or Medical Office Space

      Retail or medical office space with high foot traffic.
      1521 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      20,000 SF

      North Hills Office Space Available

      Office space with exposed ceilings and abundant natural light.
      3400 New Hyde Park Rd, North Hills, NY 11040
      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.
    116 County Courthouse Rd
    Garden City Park, NY 11040-5342
    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
    116 County Courthouse Rd, Garden City Park, NY, 11040
    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!