Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23 Park Ave Rockville Centre, NY 11570-5214
    Back to Search
    Property profile & analytics

    23 Park Ave Rockville Centre, NY 11570-5214

    View on Map
    • Turn key restaurants
    • 900 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Dec 16, 2025
    $600,000
    Property ID
    US63-2079742
    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
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • S & A & P Carpets Cleaners / Hardware & Home Improvement
    • Kasey's Kitchen & Cocktails / Restaurant
    • LibertyX Bitcoin ATM / Atm
    • Rooftop 32 at Kaseys Kitchen & Cocktails / Restaurant

    Property Details for 23 Park Ave

    Year built
    1941
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    900 SF
    Property type
    Turn key restaurants
    APN
    38-321-00-0037
    APU
    38321000037

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $361,000
      Market price range: $314k - $1.39M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $800,000
      Current use
      WAREHOUSE, STORAGE
      $825,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $790,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville Centre
    County
    Nassau
    State
    New York
    Longitude
    -73.6455
    Latitude
    40.6553
    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
    2023
    $6,383
    $588
    $531
    $1,119
    -
    $0.00
    $0.00
    $111,900

    Comparable in this City

    • Value Estimation
      $705,000
      2,200 SF

      140 Long Bch Rd, Unit 146

      RESTAURANT • 2,200 SF
      140 Long Bch Rd, Rockville Centre, NY 11570-1512
      View Details
    • Value Estimation by Request
      5,251 SF

      340 Sunrise Hwy

      RESTAURANT • 5,251 SF
      340 Sunrise Hwy, Rockville Centre, NY 11570-4906
      View Details
    • Value Estimation by Request
      1,779 SF

      54 Lincoln Ave

      RESTAURANT • 1,779 SF
      54 Lincoln Ave, Rockville Centre, NY 11570-5779
      View Details
    • Value Estimation
      $850,000
      3,449 SF

      240-242A Sunrise Hwy

      RESTAURANT • 3,449 SF
      240-242A Sunrise Hwy, Rockville Centre, NY 11570
      View Details
    • Value Estimation
      $2,025,000
      6,952 SF

      716 Sunrise Hwy

      RESTAURANT • 6,952 SF
      716 Sunrise Hwy, Rockville Centre, NY 11570-5138
      View Details
    • Value Estimation
      $955,000
      3,000 SF

      211-213 Sunrise Hwy

      RESTAURANT • 3,000 SF
      211-213 Sunrise Hwy, Rockville Centre, NY 11570
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,217 SF

      Rockville Centre Retail Corridor Opportunity

      Retail and office space in a high-traffic Rockville Centre location.
      43 N Village Ave, Rockville Centre, NY 11570
      View Details
    • Contact for pricing
      9,900 SF

      Vacant Auto Shop and Restaurant

      Former auto repair shop and restaurant on 18,400 SF lot.
      62-76 S Long Beach Rd, Rockville Centre, NY 11570
      View Details
    • $99,000

      Turnkey Restaurant Business For Sale

      Quick-serve restaurant in vibrant Rockville Centre, near LIRR station.
      1 N Park Ave, Hempstead, NY 11570
      View Details
    • $400,000

      Turnkey Restaurant in Rockville Centre

      Profitable restaurant near public transportation and movie theatre.
      Rockville Ctr Ny 11570, Rockville Centre, NY 11570
      View Details
    • Contact for pricing
      15,300 SF

      Sunrise Highway Retail Opportunity

      Two vacant buildings on Sunrise Highway, Rockville Centre.
      490 Sunrise Hwy, Rockville Centre, NY 11570
      View Details
    • $1,250,000
      Pending

      Mixed-Use Commercial Building Opportunity

      Mixed-use commercial building in a high-traffic area.
      228 Merrick Rd, Rockville Centre, NY 11570
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Prime Corner Storefront in Rockville

      Highly visible corner storefront in the heart of Rockville Centre.
      230 Merrick Rd, Rockville Centre, NY 11570
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
      28-30 N Park Ave, Rockville Centre, NY 11570
      View Details
    • Contact for pricing

      Rockville Centre Retail Opportunity

      Prime retail space in a sought-after Rockville Centre location.
      59-75 N Park Ave, Rockville Centre, NY 11570
      View Details
    • Contact for pricing
      1,540 SF

      Former Restaurant Space For Rent

      Former restaurant space available for rent near LIRR station.
      288 Sunrise Hwy, Rockville Centre, NY 11570
      View Details
    • Contact for pricing
      2,537 SF

      Retail Space on Sunrise Highway

      Retail space with high visibility and abundant parking nearby.
      239-241 Sunrise Hwy, Rockville Centre, NY 11570
      View Details
    • $14,250 /Mo
      4,100 SF

      Operational Body Shop For Rent

      Fully operational body shop with existing equipment and parking.
      132 S Long Beach Rd, Rockville Centre, NY 11570
      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.
    23 Park Ave
    Rockville Centre, NY 11570-5214
    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
    23 Park Ave, Rockville Centre, NY, 11570
    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!