Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1940 Great Neck Rd Copiague, NY 11726
    Back to Search
    Property profile & analytics

    1940 Great Neck Rd Copiague, NY 11726

    View on Map
    • Manufacturing properties
    • 0.20 lot acres
    For Lease
    $1,650/Mo
    View Listing →
    Renovated Office/Retail Space in Copiague For Lease
    $1,650/Mo

    Renovated Office/Retail Space in Copiague

    Newly renovated office/retail space in high-traffic Copiague location.

    1940 Great Neck Road, Copiague, NY 11726
    View Listing
    Property ID
    US63-2733164
    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
    $985,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • club cambia tu vida / Pharmacy / (Bike/Boat/Book/etc) Store
    • Club cambia tu vida, herbalife / Physician
    • Fausto Jewelry Repair / (Bike/Boat/Book/etc) Store
    • MoneyGram / Bank / Credit Union
    • Y variedades chinadega / Food Market / Farmer's Market

    Property Details for 1940 Great Neck Rd

    Lot size
    0.20 lot acres
    Zone code
    DC
    Property type
    Manufacturing properties
    APN
    0100-197.00-01.00-003.000
    APU
    100197000100003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Copiague
    County
    Suffolk
    State
    New York
    Longitude
    -73.3999
    Latitude
    40.6821
    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
    $1,180
    $4,890
    $6,070
    -
    $1,788
    $7,409
    $9,197

    Comparable in this City

    • Value Estimation
      $1,045,000
      0.17 Acres

      70 Ct St

      MANUFACTURING (LIGHT) • 0.17 Acres
      70 Ct St, Copiague, NY 11726-1204
      View Details
    • Value Estimation
      $1,000,000
      0.94 Acres

      1245 Marconi Blvd

      MANUFACTURING (LIGHT) • 0.94 Acres
      1245 Marconi Blvd, Copiague, NY 11726-2815
      View Details
    • Value Estimation
      $1,040,000
      0.28 Acres

      578 Oak St

      MANUFACTURING (LIGHT) • 0.28 Acres
      578 Oak St, Copiague, NY 11726-3216
      View Details
    • Value Estimation
      $1,085,000
      1.38 Acres

      620 Oak St

      MANUFACTURING (LIGHT) • 1.38 Acres
      620 Oak St, Copiague, NY 11726-3217
      View Details
    • Value Estimation
      $965,000
      0.48 Acres

      307 Ralph Ave

      MANUFACTURING (LIGHT) • 0.48 Acres
      307 Ralph Ave, Copiague, NY 11726-1526
      View Details
    • Value Estimation
      $1,050,000
      0.34 Acres

      229 Ralph Ave

      MANUFACTURING (LIGHT) • 0.34 Acres
      229 Ralph Ave, Copiague, NY 11726-1514
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Copiague Industrial Building For Sale

      20,255 SF industrial building on 0.94 acres.
      1245 Marconi Blvd, Copiague, NY 11726
      View Details
    • Contact for pricing
      3,415 SF

      Column Free Warehouse For Sale

      3,415 SF column-free warehouse with oversized, secured yard.
      20 Marconi Blvd, Copiague, NY 11726
      View Details
    • Contact for pricing
      20,255 SF

      Copiague Industrial Building For Sale

      20,255 SF industrial building on 0.94 acres.
      1245 Marconi Blvd, Copiague, NY 11726
      View Details
    • Contact for pricing
      15,200 SF

      Industrial Property with Fenced Yard

      Industrial property featuring parking, fenced yard, and generator.
      6 Di Tomas Ct, Copiague, NY 11726
      View Details
    • $89,000
      0.09 Acres

      Residential Lot in Copiague, NY

      Residential land available in a vibrant Copiague community.
      Simmons St, Copiague, NY 11726
      View Details
    • $325,000
      0.11 Acres

      Residential Land in Copiague, NY

      Residential land for custom home construction near schools and highways.
      55 Corsica St, Copiague, NY 11726
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      14,375 SF

      Warehouse Space on Montauk Highway

      Warehouse space for lease with excellent visibility and access.
      1272 Montauk Hwy, Babylon, NY 11726
      View Details
    • $8,000 /Mo
      14,375 SF

      Babylon Warehouse with Highway Access

      Well-maintained warehouse suite with excellent location and ample space.
      1272 Montauk Hwy, Babylon, NY 11726
      View Details
    • $3,500 /Mo
      14,375 SF

      Babylon Flex Space with Garage

      Well-maintained flex space with oversized garage door in Babylon, NY.
      1272 Montauk Hwy, Babylon, NY 11726
      View Details
    • $2,500 /Mo
      15,451 SF

      Well-Maintained Office Space Available

      Turnkey office space with natural light and included utilities.
      521 Oak St, Copiague, NY 11726
      View Details
    • Contact for pricing
      11,347 SF

      Vented Former Restaurant End Cap

      Former restaurant space available with ample parking and high traffic.
      901 Montauk Hwy, Copiague, NY 11726
      View Details
    View Listing
    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.
    1940 Great Neck Rd
    Copiague, NY 11726
    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

    Thank You for Inquiry
    1940 Great Neck Rd, Copiague, NY, 11726
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!