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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1513 Ocean Ave Medford, NY 11763

    • Assisted living facilities
    • 1,563 SF
    • 12.34 lot acres
    OFF-MARKET
    Value Estimations
    $140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5855161
    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.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1513 Ocean Ave

    Year built
    1920
    Lot size
    12.34 lot acres
    Property size
    1,563 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    0200-807.00-01.00-031.001
    APU
    200807000100031001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $140,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $220,000
      AUTO REPAIR, GARAGE
      $215,000
      RETAIL STORES
      $120,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Suffolk
    State
    New York
    Longitude
    -73.0174
    Latitude
    40.8102
    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
    2020
    $0.00
    $3,750
    $106,250
    $110,000
    -
    $6,944
    $196,759
    $203,703

    Comparable in this City

    • Value Estimation
      $125,000
      9.00 Acres

      3115 Horseblock Rd

      HOMES (RETIRED, NURSING) • 9.00 Acres
      3115 Horseblock Rd, Medford, NY 11763-2526
      View Details
    • Value Estimation by Request
      155,079 SF

      3231-3253 Route 112

      Medical offices • 155,079 SF
      3231-3253 Route 112, Medford, NY 11763
      View Details
    • Value Estimation
      $280,000
      0.68 Acres

      Medford Ave

      MEDICAL CLINIC • 0.68 Acres
      Medford Ave, Medford, NY 11763
      View Details
    • Value Estimation by Request
      0.51 Acres

      643 Old Medford Ave

      Medical offices • 2,500 SF
      643 Old Medford Ave, Medford, NY 11763
      View Details
    • Value Estimation
      $205,000
      0.25 Acres

      Medford Ave

      VEHICLE SALES, RENTALS • 0.25 Acres
      Medford Ave, Medford, NY 11763
      View Details
    • Value Estimation
      $140,000
      4.03 Acres

      Service S Rd

      GAS STATION • 4.03 Acres
      Service S Rd, Medford, NY 11763
      View Details

    Similar Nearby for Sale

    • $749,000
      0.51 Acres

      Medford Medical Office Building

      Prime Medical Office, 2,500 SF, 0.51 Acres
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    • $2,250,000
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      Prime Medford Industrial Land

      2.5-Acre Industrial Lot, $2.25M
      0 Commercial Blvd And Middle Is Rd, Medford, NY 11763
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    • $5,700,000
      38,000 SF

      Medford Industrial Distribution Center

      Vacant 38,000 SF Distribution Facility
      2066 Route 112, Medford, NY 11763
      View Details
    • $75,000
      Pending

      Residential Land in Medford, NY

      Vacant residential lot suitable for building a new home.
      Cedar Ln, Medford, NY 11763
      View Details
    • $439,999
      1,575 SF

      Sun-Drenched End Unit in Edgewood

      Well-maintained end unit with den, fireplace, and updated features.
      260 Birchwood Rd, Medford, NY 11763
      View Details
    • $5,450,000

      Commercial Land with New Building

      Commercial land featuring a newly constructed 10,000 SF building.
      2101 Route 112, Medford, NY 11763
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      155,079 SF

      Brookhaven Professional Center Offices

      155,079 SF Office Space Available
      3231-3253 Route 112, Medford, NY 11763
      View Details
    • $17 SF/Yr
      9,970 SF

      Professional Office Space Available

      Office spaces ranging from 880 to 9,970 square feet.
      3249 Route 112, Medford, NY 11763
      View Details
    • $17 SF/Yr
      1,501 SF

      Professional Office Space Available

      Office spaces ranging from 880 to 9,970 square feet.
      3237 Route 112, Medford, NY 11763
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Medford, NY

      Retail space available for lease in Medford, NY.
      2799 Route 112, Medford, NY 11763
      View Details
    • Contact for pricing
      10,121 SF

      High-Traffic Shopping Center Space

      Grocery-anchored retail space with national retailers and easy highway access.
      700 E Patchogue Yaphank Rd, Medford, NY 11763
      View Details
    • $15,500 /Mo
      6,000 SF

      Medford Flex/Industrial Space For Rent

      6,000 SF flex/industrial space available for lease.
      79 Cedarhurst Ave, Medford, NY 11763
      View Details
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    1513 Ocean Ave
    Medford, NY 11763
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    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
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