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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Warehouses
260 Moffitt Blvd, Islip, NY 11751-2616
Entity Owned
~
Est. High Equity
Property ID
US63-0366496
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
1.6 ac (69,696 SF)
Zoning code
IND1
APN
0500-344.00-03.00-015.003
UPID
US63-0366496
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
-
HP Warehouse Corporate Office
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
Lennox Islip Storage LLC
Lennox Islip Storage LLC
since 2025
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
IND1 · Islip, NY
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 Islip submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Islip 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
$4,950,000
ML approach
$5,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $7.64M (Jul 23 2025)
Last sale anchor
$7.64M
Jul 23 2025
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
—
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 2020Property tax & assessments
Tax year 2020
Assessed value
$253,000
Assessed 2023
Previous assessed
$253,000
+0.0% YoY
Assessed land
$63,000
Assessed improvement
$190,000
Land market value
$865,385
Improvement market value
$2,609,890
Total market value
$3,475,275
Applied tax rate
472,802.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Lot
1.6 ac (69,696 SF)
Zoning code
IND1
APN
0500-344.00-03.00-015.003
UPID
US63-0366496
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
IND1 · Islip, NY
Zoning IND1 · permitted uses
IND1 · Islip, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Islip. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.6 ac
Current owner
From public records · entity-resolved
Lennox Islip Storage LLC
Entity
Mailing address
747 3RD AVE FL 10C, NEW YORK, NY 10017-2803
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
$7,635,000
Lennox Islip Storage LLC
Pal Islip Storage LLC
Deed
—
Oct 18, 2023
—
Pal Islip Storage LLC
—
Deed
related
$356,364 · Live Oak Banking Company
Dec 1, 2022
$5,475,000
Pal Islip Storage LLC
260 Moffitt LLC
Deed
—
Mar 21, 2017
—
260 Moffitt LLC
—
Deed
related
$1,500,000 · Santander Bk NA
—
—
260 Moffitt LLC
—
Deed Of Trust
related
$166,968 · Cherrywood Com'l Lndg
—
—
260 Moffitt LLC
—
Deed Of Trust
related
$45,785 · Santander Bk NA
—
—
260 Moffitt LLC
—
Loan Modification, Consolidation And Extension
related
$1,500,000 · Santander Bk NA
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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