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Property profile & analytics
OFF-MARKET
Investment properties

1221 Rte 25a Smithtown, NY 11787-1312

0.19 ac lot
Individually Owned 9-yr Hold Free & Clear
Property ID
US63-1958248
Property summary
AI-generated overview

This exceptional 1,750 square foot freestanding industrial building presents a remarkable investment opportunity in the highly desirable Smithtown, NY location. Situated on Route 25A, a road with incredibly high traffic volume, this property boasts unparalleled visibility and accessibility. Completely renovated three years ago, the building features a new roof, facade, windows, HVAC system, electrical and plumbing, parking lot, surveillance system, and sprinkler system. The smart-powered building offers remote operation of thermostats and lighting, and innovative smart doors that transition from clear to frosted glass at the touch of a button. The building's prominent glass frontage provides excellent visibility from Route 25A, with ample space for signage and branding. The first floor showcases high ceilings, an open floor plan, hardwood floors, custom raised paneling, and box molding, complemented by a spa-like, handicap-accessible bathroom. A mahogany staircase leads to a finished basement with a Certificate of Occupancy, featuring three egress windows, high ceilings, an enclosed conference room, 200-amp electrical service, gas heat, and a two-zone central AC system, supplemented by a Douglas mini-split unit. Eight parking spaces are available on-site, with additional public parking across the street at CVS. The property is currently zoned for 50 people and is being used as a business center and on-the-go office space. All furniture and pods are included in the sale. Low taxes make this a particularly attractive proposition. Previous uses include a bagel store (grease traps remain), liquor store, and dry cleaner. The owner is retiring, presenting a unique opportunity for a discerning buyer.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 0.19 ac (8,276 SF)
APN 0800-032.00-04.00-057.000
UPID US63-1958248
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Alex Eastman · 9 yrs held
Alex Eastman
since 2017
2 recorded transactions
2021
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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