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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Automotive properties
257 Franklin St, Hempstead, NY 11550-1309
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-4229239
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2009
Total area
51,620 SF
Lot
2.74 ac (119,398 SF)
APN
34-178-00-0001
UPID
US63-4229239
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
-
Millennium Toyota Auto Repair Shop Vehicle Inspection Center
-
Millennium Toyota Service Department Auto Repair Shop Vehicle Inspection Center
-
Millennium Toyota Parts Auto Parts Store
-
Allstate Insurance: Nicholas Arcella Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.32M
Owner & transaction history
Town Of Hempstead Indl Dev Agcy · 17 yrs held
Town Of Hempstead Indl Dev Agcy
since 2009
4 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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hempstead 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$103 / 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
$486,977
Tax year 2023
Assessed value
$109,541
Assessed 2023
Previous assessed
$109,541
+0.0% YoY
Effective rate
444.56%
On assessed value
Assessed land
$25,807
Assessed improvement
$83,734
Total market value
$10,954,100
Applied tax rate
399.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
3
Bathrooms
1
Total area
51,620 SF
Lot
2.74 ac (119,398 SF)
APN
34-178-00-0001
UPID
US63-4229239
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
3
Bathrooms
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Town Of Hempstead Indl Dev Agcy
Individual
Mailing address
257 N FRANKLIN ST, HEMPSTEAD, NY 11550-1309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2009
—
Town Of Hempstead Indl Dev Agcy
Js Hempstead Realty LLC
Trustees Deed
related
$12,000,000 · Toyota Motor Credit Corp
Sep 20, 2007
$600,000
Js Hempstead Realty LLC
Carey,anna
Grant Deed
—
May 24, 2007
$3,225,000
Jp Hempstead Realty LLC
Lee Realty Corp
Grant Deed
—
—
—
Js Hempstead Realty LLC
—
Deed Of Trust
related
$6,610,520 · Toyota Motor Credit Corp
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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