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Property profile & analytics
OFF-MARKET
Estimated value
$7,405,000
Warehouses
1765 Expy N Dr Hauppauge, NY 11788-5307
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2921581
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
3.35 ac (145,926 SF)
Zoning code
IND1
APN
0500-038.00-01.00-001.000
UPID
US63-2921581
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
Current use
Occupant on record · Public records
-
CCCP INC Warehouse & Storage
-
RM Exhibits Factory Production Facility
-
PMM Cranes LLC Construction Company General Contractor
-
Rubicon hx Industrial Manufacturer Factory
-
Pedowitz Heavy Machinery Movers and Rigging Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.41M
Owner & transaction history
Rubicon Industries Corp · 4 yrs held
Rubicon Industries Corp
since 2022
Last sale
$7.8M
5 recorded transactions
Zoning & alternative use
IND1 · Hauppauge, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hauppauge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hauppauge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,050,000
ML approach
$6,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.41M
Range $6.66M – $8.15M · ±10% · vs last sale $7.80M (May 16 2022)
Last sale anchor
$7.80M
May 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$397,800
Assessed 2023
Previous assessed
$397,800
+0.0% YoY
Assessed land
$130,200
Assessed improvement
$267,600
Land market value
$1,788,462
Improvement market value
$3,675,824
Total market value
$5,464,286
Applied tax rate
472,806.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Lot
3.35 ac (145,926 SF)
Zoning code
IND1
APN
0500-038.00-01.00-001.000
UPID
US63-2921581
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
IND1 · Hauppauge, NY
Zoning IND1 · permitted uses
IND1 · Hauppauge, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hauppauge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.35 ac
Current owner
From public records · entity-resolved
Rubicon Industries Corp
Entity
Free & Clear · 4 yrs held
Mailing address
1765 EXPY DR N, HAUPPAUGE, NY 11788-5307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$7,800,000
Rubicon Industries Corp
1765 Express Dr N LLC
Deed
—
Mar 9, 2018
$6,950,000
1765 Express Drive North LLC
Grand Machinery LLC
Grant Deed
$2,843,000 · Empire St Certified Dev
Mar 9, 2018
—
Town Of Islip Indl Dev Agcy
—
Deed
related
$3,475 · 1765 Express Drive North LLC
Jul 5, 2005
$3,850,000
Grand Machinery LLC
On-line Software Intl INC
Grant Deed
—
—
—
Town Of Islip Indl Dev Agcy
—
Deed Of Trust
related
$3,475 · 1765 Express Drive North LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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