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    1599 Grand Ave North Baldwin, NY 11510
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    Property profile & analytics

    1599 Grand Ave North Baldwin, NY 11510

    View on Map
    • Auto shops
    • 506 SF
    • 0.14 lot acres
    For Lease
    $7,000/Mo
    View Listing →
    Auto Repair Facility For Lease For Lease
    $7,000/Mo

    Auto Repair Facility For Lease

    Turnkey auto repair facility with parking in high-visibility location.

    1599 Grand Avenue, North Baldwin, NY 11510
    View Listing
    Property ID
    US63-0215477
    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

    • Grand Auto Care And Spa / Auto Repair Shop

    Property Details for 1599 Grand Ave

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    506 SF
    Property type
    Auto shops
    APN
    36-445-00-0133
    APU
    36445000133

    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
    North Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.6103
    Latitude
    40.671
    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
    $22,908
    $1,582
    $1,572
    $3,154
    -
    $0.00
    $0.00
    $315,400

    Comparable in this City

    • Value Estimation
      $690,000
      3,200 SF

      1017 Merrick Rd

      AUTO REPAIR, GARAGE • 3,200 SF
      1017 Merrick Rd, Baldwin, NY 11510-3316
      View Details
    • Value Estimation
      $2,630,000
      7,382 SF

      1025 Merrick Rd

      AUTO REPAIR, GARAGE • 7,382 SF
      1025 Merrick Rd, Baldwin, NY 11510-3316
      View Details
    • Value Estimation by Request
      1,865 SF

      985 Merrick Rd

      AUTO REPAIR, GARAGE • 1,865 SF
      985 Merrick Rd, Baldwin, NY 11510-3371
      View Details
    • Value Estimation by Request
      456 SF

      1985 Grand Ave

      AUTO REPAIR, GARAGE • 456 SF
      1985 Grand Ave, North Baldwin, NY 11510-2801
      View Details
    • Value Estimation by Request
      2,112 SF

      831 Brooklyn Ave

      AUTO REPAIR, GARAGE • 2,112 SF
      831 Brooklyn Ave, North Baldwin, NY 11510-2952
      View Details
    • Value Estimation by Request
      1,450 SF

      1331 Grand Ave

      AUTO REPAIR, GARAGE • 1,450 SF
      1331 Grand Ave, North Baldwin, NY 11510-1439
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,100 SF

      Prime Baldwin Automotive Property

      Mint condition auto shop near train station for sale.
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      Mixed-Use Property For Sale

      Mixed-Use Property For Sale
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      Retail Property with Upside Potential

      Retail property with 100% collectable rents and updated fire codes.
      1951-1953 Grand Ave, Baldwin, NY 11510
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    • $425,000

      High Visibility Retail Storefront

      Retail storefront on busy Atlantic Ave in South Baldwin.
      930 Atlantic Ave, Baldwin, NY 11510
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    • $649,000
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      Prime Baldwin Commercial Space Available

      2,300 sq ft building on Merrick Road for sale.
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      View Details

    Similar Nearby for Lease

    • New
      $7,000 /Mo
      6,033 SF

      Auto Repair Facility For Lease

      Turnkey auto repair facility with parking in high-visibility location.
      1599 Grand Ave, North Baldwin, NY 11510
      View Details
    • New
      $3,000 /Mo
      6,033 SF

      North Baldwin Commercial Auto Shop

      One-bay auto shop with equipment, office, and parking.
      1599 Grand Ave, North Baldwin, NY 11510
      View Details
    • Contact for pricing

      Retail Space Near Baldwin Station

      Retail space near train station and national retailers.
      619 Seaman Ave, Baldwin, NY 11510
      View Details
    • $20 SF/Yr

      Updated Retail Space on Grand

      Dual-building retail property on North Baldwin's primary commercial corridor.
      1621-1623 Grand Ave, Baldwin, NY 11510
      View Details
    View Listing
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    North Baldwin, NY 11510
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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.

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