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Property profile & analytics
FOR LEASE
Office buildings
255 Executive Dr, Plainview, NY 11803
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0273267
For Lease
1 / 2
$32 SF/Yr
255 Executive Dr, Plainview, NY 11803
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,816 SF
Lot
2.68 ac (116,741 SF)
APN
13-098-00-0038
UPID
US63-0273267
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
-
Edwin Torres, Realtor at Charles Rutenberg Realty Real Estate Agency
-
Garfinkel Richard Accounting Firm Tax Preparation
-
Stephen Checca, Realtor - Charles Rutenberg Realty Real Estate Agency
-
Steven Schiebelhuth - Raymond James Financial Advisor
-
All About Kids Therapy and Education Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.93M
Blend (final)
Blend
$14.57M
Owner & transaction history
255 Exe Drive Realty LLC · 4 yrs held
255 Exe Drive Realty LLC
since 2022
Last sale
$14.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.8M
+68.4%
Restaurant
$14.0M
+13.6%
Neighborhood: shopping center
$13.9M
+12.2%
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 Plainview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainview 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
$15,365,000
ML approach
$9,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,365,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,815,000
Change: +68% · Conversion: Easy
RESTAURANT
$14,040,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$13,875,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,945,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,395,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$14.57M
Range $13.11M – $16.03M · ±10% · vs last sale $14.10M (Jan 31 2022)
Last sale anchor
$14.10M
Jan 31 2022
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
$921 / 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
$508,209
Tax year 2023
Assessed value
$70,780
Assessed 2023
Previous assessed
$70,295
+0.7% YoY
Effective rate
718.01%
On assessed value
Assessed land
$70,779
Assessed improvement
$1.00
Total market value
$7,078,000
Applied tax rate
579.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
15,816 SF
Lot
2.68 ac (116,741 SF)
APN
13-098-00-0038
UPID
US63-0273267
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.8M
RESTAURANT
Est. value
$14.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$10.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
2.68 ac
Current owner
From public records · entity-resolved
255 Exe Drive Realty LLC
Entity
Mailing address
255 EXECUTIVE DR, PLAINVIEW, NY 11803-1718
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$14,100,000
255 Exe Drive Realty LLC
Executive Management Co
Bargain And Sale Deed
—
May 23, 2016
—
Executive Management Co
—
Deed
related
$2,661,761 · Suffolk Cnty Nat'l Bk
Dec 24, 1991
$4,178,500
Executive Management Co
Unknown
Grant Deed
related
—
—
—
Executive Management Co
—
Deed Of Trust
related
$2,661,761 · Suffolk Cnty Nat'l Bk
—
—
Executive Management Co
—
Deed Of Trust
related
$310,492 · M & T Real Estate INC
—
—
Executive Management Co
—
Deed Of Trust
related
$2,354,381 · M & T Real Estate Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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