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

    243 Skidmore Rd Deer Park, NY 11729-7121

    • Manufacturing properties
    • 21,700 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2022
    $4,720,000
    Value Estimations
    $5,620,000
    Show details
    Cap Rate Potential
    4.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US63-6007051
    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

    • Tuscany Marble & Granite Inc / Granite Supplier / Marble Supplier

    Property Details for 243 Skidmore Rd

    Year built
    1961
    Lot size
    1.00 lot acres
    Property size
    21,700 SF
    Zone code
    G
    Property type
    Manufacturing properties
    APN
    0100-118.00-02.00-025.002
    APU
    100118000200025002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,520,000
      ML approach
      $6,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,135,000
      6.5%
      $4,740,000
      7%
      $4,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,677,000
      Market price range: $4.68M - $6.68M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,560,000
      Current use
      OFFICE BUILDING
      $10,335,000
      Change: +86% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,975,000
      Change: +43% Conversion: Easy
      COMMERCIAL (GENERAL)
      $6,525,000
      Change: +17% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,630,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Suffolk
    State
    New York
    Longitude
    -73.3117
    Latitude
    40.7448
    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
    $2,810
    $10,540
    $13,350
    -
    $4,258
    $15,970
    $20,228

    Comparable in this City

    • Value Estimation
      $940,000
      0.31 Acres

      77 Jefryn Blvd

      MANUFACTURING (LIGHT) • 0.31 Acres
      77 Jefryn Blvd, Deer Park, NY 11729-5713
      View Details
    • Value Estimation
      $945,000
      0.82 Acres

      978 Long Is Ave

      MANUFACTURING (LIGHT) • 0.82 Acres
      978 Long Is Ave, Deer Park, NY 11729
      View Details
    • Value Estimation
      $1,040,000
      0.34 Acres

      40 Prospect Pl

      MANUFACTURING (LIGHT) • 0.34 Acres
      40 Prospect Pl, Deer Park, NY 11729-3714
      View Details
    • Value Estimation
      $1,000,000
      3,520 SF

      40 Burt Dr Ste, Unit 6

      MANUFACTURING (LIGHT) • 3,520 SF
      40 Burt Dr Ste, Deer Park, NY 11729-5743
      View Details
    • Value Estimation
      $2,215,000
      26,600 SF

      569 Acorn St

      MANUFACTURING (LIGHT) • 26,600 SF
      569 Acorn St, Deer Park, NY 11729-3618
      View Details
    • Value Estimation
      $1,210,000
      4,900 SF

      545 Acorn St

      MANUFACTURING (LIGHT) • 4,900 SF
      545 Acorn St, Deer Park, NY 11729
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,600 SF

      21,600 SF Office/Warehouse Space

      Office and warehouse space suitable for manufacturing or industrial facilities.
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      Renovated Industrial Warehouse with Office

      23,312 SF industrial warehouse with modern upgrades in Deer Park.
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      2,000 SF storage building with outdoor storage permitted.
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      Two Industrial Buildings on 5.88 Acres

      Two industrial buildings on a 5.88 acre site.
      1007-1013 Long Island Ave, Deer Park, NY 11729
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Industrial Warehouse Space For Rent

      Industrial-warehouse space available for lease, close to major roadways.
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      View Details
    • $8,000 /Mo

      Warehouse Space for Lease

      Warehouse space available immediately with flexible lease terms.
      175 Brook Ave, Deer Park, NY 11729
      View Details
    • Contact for pricing
      2,250 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for rent in Deer Park, NY.
      66 E Jefryn Blvd, Deer Park, NY 11729
      View Details
    • $12 SF/Yr
      25,000 SF

      Deer Park Flex/Warehouse Space

      25,000 SF flex/warehouse space with heavy power and A/C.
      240 Marcus Blvd, Deer Park, NY 11729
      View Details
    • $3,500 /Mo
      1,800 SF

      Industrial Space with Fenced Yard

      Industrial space for rent with paved and fenced yard.
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      View Details
    • Contact for pricing
      6,760 SF

      Industrial Space Near Major Highways

      6,760 SF industrial space, convenient location, close to amenities.
      681 Grand Blvd, Deer Park, NY 11729
      View Details
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    243 Skidmore Rd
    Deer Park, NY 11729-7121
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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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