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Property profile & analytics
FOR LEASE
Investment properties
249 Old Country Rd Carle Place, NY 11514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2882631
For Lease
1 / 6
$351.36/Mo
249 Old Country Rd, Carle Place, NY 11514
View Listing →
Property summary
AI-generated overview
This exceptional retail showroom opportunity is located at 249 Old Country Road, Carle Place, NY 11514, in Nassau County. The property boasts a total of 2,786 square feet of space, all currently vacant and ready for immediate occupancy. Built in 1954, this single-story building sits on a 3,565 square foot lot and offers four parking spaces. The zoning is designated as Retail, making it ideal for a variety of uses. The property's strategic location at the signaled intersection of Old Country Road and Byrd Avenue, near the Meadowbrook Parkway exit and Roosevelt Field Mall, provides unparalleled visibility and accessibility. With an estimated 36,000 vehicles passing daily, this location offers exceptional exposure for a showroom, billboard, or high-end retail business. The ample square footage and available parking also make it suitable for boutique retail ventures. The property's single-tenant occupancy allows for complete control and customization. This is a rare opportunity to secure a high-traffic retail space in a prime Nassau County location.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,786 SF
Lot
0.08 ac (3,565 SF)
APN
10-046-00-0137
UPID
US63-2882631
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Long Island Commercial Doors Hardware & Home Improvement Production Facility
-
Scrubs & Beyond (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Two Forty Nine Old Country Corp · 2 yrs held
Two Forty Nine Old Country Corp
since 2024
Last sale
$750,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carle Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carle Place submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Mar 11 2024)
Last sale anchor
$750k
Mar 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$269 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,130
Tax year 2023
Assessed value
$3,785
Assessed 2023
Previous assessed
$3,785
+0.0% YoY
Effective rate
875.30%
On assessed value
Assessed land
$1,283
Assessed improvement
$2,502
Total market value
$378,500
Applied tax rate
781.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,786 SF
Lot
0.08 ac (3,565 SF)
APN
10-046-00-0137
UPID
US63-2882631
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Two Forty Nine Old Country Corp
Entity
Mailing address
32 BOND ST, WESTBURY, NY 11590-5002
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
$750,000
Two Forty Nine Old Country Corp
L&m Real Estate Associates I LLC
Bargain And Sale Deed
$525,000 · L&m Real Estate Associaties I LLC
Mar 12, 2012
—
L & M Real Estate Assocs I LLC
L & M Realty A Ptshp
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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