Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2703 Jerusalem Rd East Meadow, NY 11554-5447
    Back to Search
    Property profile & analytics

    2703 Jerusalem Rd, East Meadow, NY 11554-5447

    View on Map
    • Investment properties
    • 1,517 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US63-0125374
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2703 Jerusalem Rd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    51-029-00-0377
    APU
    51029000377

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2017 $530,000 North Bellmore Exempt Voluntee Sherman Meadow LLC Grant Deed $305k · Sherman Meadow LLC
    Aug 6, 2007 $428,000 Sherman Meadow LLC Yorkville Asphalt Corp Grant Deed —
    Dec 8, 1995 $224,000 Yorkville Asphalt Co Constr,c Tri-mes Grant Deed $204k

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $915,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,330,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $875,000
      Change: -5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $765,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Meadow
    County
    Nassau
    State
    New York
    Longitude
    -73.5351
    Latitude
    40.7064
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,425
    $1,121
    $3,431
    $4,552
    -
    $0.00
    $0.00
    $455,200

    Comparable in this City

    • Value Estimation
      $1,600,000
      960 SF

      2551 Jerusalem Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2551 Jerusalem Rd, East Meadow, NY 11554-5343
      View Details
    • Value Estimation by Request
      629 SF

      2543 Jerusalem Rd, Unit 2545

      OFFICE/RESIDENTIAL (MIXED USE)
      2543 Jerusalem Rd, East Meadow, NY 11554-5334
      View Details
    • Value Estimation by Request
      1,092 SF

      474 Mdw Ave, Unit 476

      OFFICE/RESIDENTIAL (MIXED USE)
      474 Mdw Ave, East Meadow, NY 11554-3957
      View Details
    • Value Estimation by Request
      570 SF

      2268 Fulton St

      OFFICE/RESIDENTIAL (MIXED USE)
      2268 Fulton St, East Meadow, NY 11554
      View Details
    • Value Estimation by Request
      759 SF

      2755-2759 Jerusalem Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2755-2759 Jerusalem Rd, East Meadow, NY 11554
      View Details
    • Value Estimation by Request
      660 SF

      308 Mdw Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      308 Mdw Ave, East Meadow, NY 11554-2438
      View Details

    Similar Nearby for Sale

    • $1,450,000

      East Meadow Mixed-Use Investment

      Fully occupied mixed-use building in East Meadow with income stability.
      220-226 East Meadow Ave, East Meadow, NY 11554
      View Details
    • $1,450,000
      0.11 Acres

      East Meadow Mixed-Use Investment

      Fully occupied mixed-use building in East Meadow with income stability.
      220-226 East Meadow Ave, East Meadow, NY 11554
      View Details
    • Contact for pricing
      11,500 SF

      East Meadow Retail Opportunity

      Retail property for sale in East Meadow, New York.
      2568 Hempstead Tpke, East Meadow, NY 11554
      View Details
    • Contact for pricing
      2,216 SF

      East Meadow Office Building For Sale

      Well-maintained office building with finished basement and convenient parking.
      1778 Hempstead Tpke, E Meadow, NY 11554
      View Details
    • $1,250,000

      Vacant Corner Office Building

      Two-story office building with parking, across from medical center.
      2160 Hempstead Tpke, East Meadow, NY 11554
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Meadow Office/Medical Space

      Furnished office/medical space available for rent in East Meadow.
      2410 Hempstead Tpke, East Meadow, NY 11554
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Hempstead Turnpike

      Retail space available on heavily trafficked Hempstead Turnpike.
      2440 Hempstead Tpke, East Meadow, NY 11554
      View Details
    • $2,000 /Mo

      East Meadow Office Space Available

      700 SF office space ideal for professional use.
      230 E Meadow Ave, East Meadow, NY 11554
      View Details
    • Contact for pricing
      78,350 SF

      Office Space with Planned Improvements

      Office space for rent with planned facade and mechanical upgrades.
      1900 Hempstead Tpke, E Meadow, NY 11554
      View Details
    • Contact for pricing
      24,040 SF

      East Meadow Office Building

      Nine-story office building with reflective glass facade for lease.
      90 Merrick Ave, East Meadow, NY 11554
      View Details
    • $3,600 /Mo
      3,759 SF

      Prime Office/Retail Space Available

      High-traffic Westbury location ideal for office or retail.
      2242 Hempstead Tpke, Westbury, NY 11554
      View Details

    Property Visit Statistics

    • Visits by month
      12.7k
    • Visitors by month
      6.6k
    • Avg Time on site
      9 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2703 Jerusalem Rd
    East Meadow, NY 11554-5447
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2703 Jerusalem Rd, East Meadow, NY, 11554
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!