Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    218 Wellwood Ave Lindenhurst, NY 11757-3704
    Back to Search
    Property profile & analytics

    218 Wellwood Ave, Lindenhurst, NY 11757-3704

    View on Map
    • Office Units
    • 9,702 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US63-0223745
    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
    $1,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bopp H John / Law Firm
    • E F White & Associates / Law Firm
    • Teachers Association Lndnhrst / Association Or Organization

    Property Details for 218 Wellwood Ave

    Lot size
    0.18 lot acres
    Property type
    Office Units
    APN
    0103-007.00-01.00-124.000
    APU
    103007000100124000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 14, 2016 $800,000 Wellwood & Dover LLC 218 N Wellwood Avenue LLC Grant Deed · related —
    Jun 9, 2006 $124,000 218 N Wellwood Ave LLC Malfitani,a Grant Deed —
    Apr 1, 2003 — 218 N Wellwood Avenue LLC Vlachos,carmine Grant Deed · related —

    Property Overview

    This second-floor office space is located in the Village of Lindenhurst. The unit, totaling 239 square feet, offers a bright environment suitable for various professional industries. It features a conference room and an open layout, allowing for flexible configuration. The building is situated on a heavily traveled road, providing exposure to pedestrian and vehicle traffic. It is located minutes away from the LIRR, public transportation, and parkways. Parking is available in the rear parking lot, with free street parking on the side street and metered parking in front of the building. This is a commercial space typically offered for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,944,000
      Market price range: $1.94M - $4.48M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lindenhurst
    County
    Suffolk
    State
    New York
    Longitude
    -73.3755
    Latitude
    40.6893
    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
    $2,310
    $8,720
    $11,030
    -
    $213,889
    $807,407
    $1,021,296

    Comparable in this City

    • Value Estimation by Request
      7.00 Acres

      Narraganset Villas Dr

      VACANT COMMERCIAL LAND
      Narraganset Villas Dr, Lindenhurst, NY 11757
      View Details
    • Value Estimation by Request
      0.03 Acres

      Lind Tax Map, Unit 111

      VACANT COMMERCIAL LAND
      Lind Tax Map, Lindenhurst, NY 11757
      View Details
    • Value Estimation by Request
      0.22 Acres

      10th St

      VACANT COMMERCIAL LAND
      10th St, Lindenhurst, NY 11757
      View Details
    • Value Estimation by Request
      0.21 Acres

      122-126 16th St

      VACANT COMMERCIAL LAND
      122-126 16th St, Lindenhurst, NY 11757
      View Details
    • Value Estimation by Request
      0.11 Acres

      229 2nd St

      DISTRIBUTION WAREHOUSE
      229 2nd St, Lindenhurst, NY 11757
      View Details
    • Value Estimation by Request
      0.17 Acres

      630 8th St

      COMMERCIAL (GENERAL)
      630 8th St, Lindenhurst, NY 11757
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Lindenhurst Retail/Office Building For Sale

      Busy corner location suitable for retail or office use.
      854 Route 109, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      12,000 SF

      Amityville Flex Space with Warehouse

      Flex space with warehouse, office, and excellent corporate image.
      8400 New Horizons Blvd, Amityville, NY 11757
      View Details
    • New
      $715,000
      Pending

      Lindenhurst Two-Family Home For Sale

      Legal two-family residence with income potential in Lindenhurst, NY.
      449 S 1St St, Lindenhurst, NY 11757
      View Details
    • $1,389,000

      Income-Producing Mechanic Shop & Land

      Two parcels with income and development potential in Lindenhurst, NY.
      620 Shore Rd, Lindenhurst, NY 11757
      View Details

    Similar Nearby for Lease

    • $4,480 /Mo

      Lindenhurst Office Space For Rent

      Office suite in Lindenhurst's business district, build-to-suit options available.
      138 S 1St St, Lindenhurst, NY 11757
      View Details
    • $2,250 /Mo

      Renovated Office Suite with Windows

      Renovated suite with open work area, three private offices, and large windows for a flexible office layout.
      171 S Wellwood Ave, Lindenhurst, NY 11757
      View Details
    • $2,250 /Mo
      3,798 SF

      Renovated Office Suite in Lindenhurst

      Renovated office suite with utilities included and parking access.
      171 S Wellwood Ave, Lindenhurst, NY 11757
      View Details
    • $4,480 /Mo

      Open Office Suite with Private Office

      Vacant office suite with an open layout, private office, and ADA-compliant half bath, offered build-to-suit in a business district.
      138 South Fir St, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      7,120 SF

      Adaptable Flex Space Available

      Divisible flex space suitable for office, lab, or industrial use.
      155 S 10Th St, Lindenhurst, NY 11757
      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.
    218 Wellwood Ave
    Lindenhurst, NY 11757-3704
    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
    218 Wellwood Ave, Lindenhurst, NY, 11757
    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!