Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    170 Michael Dr Syosset, NY 11791-5327

    • Distribution centers
    • 51,000 SF
    • 2.62 lot acres
    OFF-MARKET
    Value Estimations
    $7,155,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0058963
    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

    • Mongo's Coffee Roastery & Lounge / Cafe & Coffee Shop
    • Title Boxing Club Syosset / Gym & Fitness Center / Sports School
    • Stark Studio Rugs / Carpet & Flooring Store
    • Cultural Arts Playhouse / Theater & Performing Art Venue
    • Stark Carpet / Carpet & Flooring Store

    Property Details for 170 Michael Dr

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.62 lot acres
    Property size
    51,000 SF
    Property type
    Distribution centers
    APN
    15-157-00-0045
    APU
    15157000045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Syosset
    County
    Nassau
    State
    New York
    Longitude
    -73.5165
    Latitude
    40.805
    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
    $218,672
    $25,679
    $3,859
    $29,538
    -
    $0.00
    $0.00
    $2,953,800

    Comparable in this City

    • Value Estimation
      $640,000
      540 SF

      318 Jackson Ave

      DISTRIBUTION WAREHOUSE • 540 SF
      318 Jackson Ave, Syosset, NY 11791
      View Details
    • Value Estimation
      $775,000
      106,590 SF

      345 Underhill Blvd

      DISTRIBUTION WAREHOUSE • 106,590 SF
      345 Underhill Blvd, Syosset, NY 11791-3425
      View Details
    • Value Estimation by Request
      1,224 SF

      47 Railroad Ave

      DISTRIBUTION WAREHOUSE • 1,224 SF
      47 Railroad Ave, Syosset, NY 11791
      View Details
    • Value Estimation
      $6,165,000
      39,080 SF

      301 Robbins Ln

      DISTRIBUTION WAREHOUSE • 39,080 SF
      301 Robbins Ln, Syosset, NY 11791-6006
      View Details
    • Value Estimation
      $2,850,000
      19,764 SF

      4 Aerial Way

      DISTRIBUTION WAREHOUSE • 19,764 SF
      4 Aerial Way, Syosset, NY 11791-5502
      View Details
    • Value Estimation
      $3,560,000
      20,178 SF

      130 Eileen Way

      DISTRIBUTION WAREHOUSE • 20,178 SF
      130 Eileen Way, Syosset, NY 11791-5321
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Syosset Commercial Property For Sale

      Commercial property available for sale in Syosset, New York.
      171-175 Eileen Way, Syosset, NY 11791
      View Details
    • Contact for pricing
      3,094 SF

      Standalone Corner Office Building Syosset

      Two-story office building in downtown Syosset, easy commuter access.
      26 Berry Hill Rd, Syosset, NY 11791
      View Details
    • Contact for pricing
      8,000 SF

      Syosset Office/Medical Space For Sale

      8,000 SF office/medical space near Syosset train station.
      60 Queens St, Syosset, NY 11791
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,750 SF

      Flex Space Building For Rent

      20,750 SF flex building suitable for various uses.
      170 Eileen Way, Syosset, NY 11791
      View Details
    • Contact for pricing

      Syosset Multi-Tenant Office Building

      235,000 SF multi-tenant office building with industrial component.
      575 Underhill Blvd, Syosset, NY 11791
      View Details
    • Contact for pricing
      1,800 SF

      Syosset Warehouse with Office Space

      1,800 SF warehouse with 50% office space for rent.
      235 Robbins Ln, Syosset, NY 11791
      View Details
    • Sponsored
      Contact for pricing

      Syosset

      Discover many ways to work your way in 445 Park Avenue
      6800 Jericho Tpke, Syosset, NY 11791
      View Details
    • Contact for pricing
      21,660 SF

      Syosset Warehouse with Loading Dock

      21,660 SF warehouse with loading dock and drive-in doors.
      225-229 Robbins Ln, Syosset, NY 11791
      View Details
    • Contact for pricing
      40,000 SF

      Nassau County Flex/Industrial Space

      Located off Jericho Turnpike, easy access to transportation routes.
      6801 Jericho Tpke, Syosset, NY 11791
      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.
    170 Michael Dr
    Syosset, NY 11791-5327
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!