Individually Owned 
For Lease
1 / 16
$11,000/Mo
257-10 Union Tpke, Glen Oaks, NY 11004
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Property summary
AI-generated overview
The property is a 4,000-square-foot office space located in a medical hub near Northwell, Zucker Hillside Hospital, Cohen Children’s Medical Center, and Long Island Jewish Medical Center. It is configured to support medical and community facility uses. The building includes rear on-site parking and is situated one block from the Q46 and Q48 bus stops on Union Turnpike, a roadway with an estimated traffic volume of 21,000 vehicles per day.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Total area
8,132 SF
Lot
0.19 ac (8,342 SF)
Zoning code
R2A
APN
08694-0027
UPID
US63-2226764
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Home Health Care Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.69M
Owner & transaction history
since 2005
5 recorded transactions
Zoning & alternative use
R2A · Glen Oaks, NY
Top alternative use upside
Commercial (general)
$5.1M
+14.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.69M
Value range
$3.32M – $4.05M
±10% around blend
Estimated value / SF
$453 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$3.32M
blend $3.69M
$4.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,132 SF
Lot area
0.19 ac
Year built
2002
Stories
2
APN
08694-0027
Zoning
R2A
Assessed value
$974,700
Annual tax
$82,869
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.40M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.76M
@ 6.5% CAP return
$4.40M
@ 7% CAP return
$4.08M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$82,869
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.58M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.5 mi away · 7,720 SF
10.5 mi away · 8,062 SF
11.4 mi away · 9,920 SF
12.0 mi away · 8,721 SF
12.7 mi away · 10,320 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.69M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 217 sales
$547
-17%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $453/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+14%
vs current-use indication
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$359k
Move the market yield to see immediate price impact.
Value / SF
$44
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$23k
$453k
$324k
$252k
$25k
$503k
$359k
$280k
$28k
$554k
$395k
$308k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$2.30M
7.3 mi · Sep 2025 · $340/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$82,869
Tax year 2024
Assessed value
$974,700
Assessed 2024
Previous assessed
$717,430
+35.9% YoY
Effective rate
8.50%
On assessed value
Assessed land
$146,250
Assessed improvement
$828,450
Land market value
$325,000
Improvement market value
$1,841,000
Total market value
$2,166,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2002
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
8,132 SF
Lot
0.19 ac (8,342 SF)
Zoning code
R2A
APN
08694-0027
UPID
US63-2226764
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R2A · Glen Oaks, NYZoning R2A · permitted uses
R2A · Glen Oaks, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R2A
Jurisdiction
Glen Oaks, NY
Recorded code
R2A
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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