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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Manufacturing properties
19 Engineers Ln, Farmingdale, NY 11735-1207
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0107352
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Total area
9,996 SF
Lot
0.91 ac (39,640 SF)
Zoning code
G
APN
0100-007.00-01.00-030.000
UPID
US63-0107352
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
-
MMP Capital Bank Credit Union
-
FedEx Drop Box Postal Service Courier Service
-
Aron Govil Productions Inc. Distribution Center Logistics Company
-
Thermal Process Construction Co Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.63M
Owner & transaction history
19 Engineers Drive LLC · 1 yrs held
19 Engineers Drive LLC
since 2025
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
G · Farmingdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+45.4%
Commercial (general)
$3.0M
+18.9%
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,365,000
6.5%
$2,185,000
7%
$2,025,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,525,000
Current use
AUTO REPAIR, GARAGE
$3,675,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,005,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,135,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $2.85M (Feb 15 2025)
Last sale anchor
$2.85M
Feb 15 2025
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
$263 / SF
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
$9,320
Assessed 2023
Previous assessed
$9,320
+0.0% YoY
Assessed land
$4,090
Assessed improvement
$5,230
Land market value
$6,197
Improvement market value
$7,924
Total market value
$14,121
Applied tax rate
472,605.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Heating
NONE
Total area
9,996 SF
Lot
0.91 ac (39,640 SF)
Zoning code
G
APN
0100-007.00-01.00-030.000
UPID
US63-0107352
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
G · Farmingdale, NY
Zoning G · permitted uses
G · Farmingdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Lot
0.91 ac
Current owner
From public records · entity-resolved
19 Engineers Drive LLC
Entity
Mailing address
84 CEDAR DR, FARMINGDALE, NY 11735-2908
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
$2,850,000
19 Engineers Drive LLC
Smolenski Com Re LLC
Deed
$2,000,000 · Hanover Community Bank
Dec 17, 2018
$2,200,000
Smolenski Commercial Re
Savivar Asset Holdings
Deed
—
Mar 30, 2006
—
Savivar Asset Holdings INC
Govil,a
Grant Deed
related
—
—
—
Savivar Asset Holdings INC
—
Deed Of Trust
related
$715,000 · New York Commercial Bank
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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