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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    202 Airport Plaza Blvd Farmingdale, NY 11735

    • Manufacturing properties
    • 133,008 SF
    • 10.60 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0125521
    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

    • Tool & Truck Rental Center at The Home Depot / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Garden Center at The Home Depot / Building Supply
    • Home Services at The Home Depot / Electrical Service / General Contractor
    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply
    • Compact Power Equipment Rental / (Bike/Boat/Book/etc) Store / Rental Equipment Company

    Property Details for 202 Airport Plaza Blvd

    Year built
    2000
    Lot size
    10.60 lot acres
    Property size
    133,008 SF
    Zone code
    G
    Property type
    Manufacturing properties
    APN
    0100-050.00-01.00-005.020
    APU
    100050000100005020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $31,475,000
      6.5%
      $29,050,000
      7%
      $26,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $39,460,000
      Market price range: $27.0M - $39.5M
      AI Estimate
      $32,876,000
      Market price range: $9.53M - $32.9M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $33,625,000
      Current use
      AUTO REPAIR, GARAGE
      $48,890,000
      Change: +45% Conversion: Easy
      COMMERCIAL (GENERAL)
      $39,980,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $28,385,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Suffolk
    State
    New York
    Longitude
    -73.4185
    Latitude
    40.7359
    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
    $48,230
    $145,570
    $193,800
    -
    $73,076
    $220,561
    $293,637

    Comparable in this City

    • Value Estimation
      $1,115,000
      4.99 Acres

      1966 Broadhollow Rd E E Ste

      MANUFACTURING (LIGHT) • 4.99 Acres
      1966 Broadhollow Rd E E Ste, Farmingdale, NY 11735-1726
      View Details
    • Value Estimation
      $1,140,000
      2.87 Acres

      1966 Broadhollow Rd Ste A

      MANUFACTURING (LIGHT) • 2.87 Acres
      1966 Broadhollow Rd Ste A, Farmingdale, NY 11735-1726
      View Details
    • Value Estimation
      $1,150,000
      3.70 Acres

      57 Carmans Rd, Unit 65

      MANUFACTURING (LIGHT) • 3.70 Acres
      57 Carmans Rd, Farmingdale, NY 11735-3834
      View Details
    • Value Estimation
      $950,000
      0.78 Acres

      395 Eastern Pkwy

      MANUFACTURING (LIGHT) • 0.78 Acres
      395 Eastern Pkwy, Farmingdale, NY 11735-2436
      View Details
    • Value Estimation
      $1,015,000
      0.28 Acres

      20 Murray St

      MANUFACTURING (LIGHT) • 0.28 Acres
      20 Murray St, Farmingdale, NY 11735-4708
      View Details
    • Value Estimation
      $920,000
      0.57 Acres

      234-236 Rte 109

      MANUFACTURING (LIGHT) • 0.57 Acres
      234-236 Rte 109, Farmingdale, NY 11735
      View Details

    Similar Nearby for Sale

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      Free-standing industrial building ideal for warehouse or distribution use.
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      8,400 SF

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      Flex space building near LIRR and major routes.
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      Farmingdale Warehouse with Fenced Lot

      14,000 SF warehouse with retail potential on one acre.
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      Single-story flex building in prime Farmingdale location, ideal for investors.
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    Similar Nearby for Lease

    • $17 SF/Yr
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      Farmingdale Industrial Property

      5,195 sq ft Manufacturing/Warehouse
      41 Heisser Ln, Farmingdale, NY 11735
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    • $17 SF/Yr
      5,195 SF

      Farmingdale Industrial Space

      Prime 5,195 sq ft industrial space
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      View Details
    • $18 SF/Yr
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      Farmingdale Warehouse Space Available

      Industrial warehouse space for lease in Farmingdale, NY.
      65 Price Pkwy, Farmingdale, NY 11735
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    • Contact for pricing
      22,856 SF

      Farmingdale Warehouse with Multiple Docks

      22,856 SF warehouse featuring interior and exterior loading docks.
      170 Allen Blvd, Farmingdale, NY 11735
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    • Contact for pricing
      100,000 SF

      Farmingdale Warehouse with Flexible Units

      100,000 sq ft warehouse divisible into 5,000 sq ft units.
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    • $9,916 /Mo
      54,450 SF

      Farmingdale Retail and Warehouse Sublease

      7000 SF retail and warehouse space available for sublease.
      50 Schmitt Blvd, Farmingdale, NY 11735
      View Details

    Property Visit Statistics

    • Visits by month
      83.7k
    • Visitors by month
      56.7k
    • Avg Time on site
      25 min
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    202 Airport Plaza Blvd
    Farmingdale, NY 11735
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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.

    More about this property
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