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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Automotive properties
273 Franklin St, Hempstead, NY 11550
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-0264928
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Total area
7,500 SF
Lot
0.17 ac (7,500 SF)
APN
34-176-00-0014
UPID
US63-0264928
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
283 North Franklin Realty LLC · 11 yrs held
283 North Franklin Realty LLC
since 2014
7 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
$149 / 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
Assessed value
$1,881
Assessed 2023
Previous assessed
$1,881
+0.0% YoY
Assessed land
$1,770
Assessed improvement
$111
Total market value
$188,100
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
Heating
NONE
Total area
7,500 SF
Lot
0.17 ac (7,500 SF)
APN
34-176-00-0014
UPID
US63-0264928
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
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
283 North Franklin Realty LLC
Entity
Mailing address
111 BOND ST, WESTBURY, NY 11590-5015
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2014
$195,779
283 North Franklin Realty LLC
Mkj Realty LLC
Grant Deed
$350,000 · Mortgage Master
Sep 15, 2014
—
Garden City Jeep Chrysler Dodg
—
Grant Deed
related
$2,280,000 · Valley Nat'l Bk
Mar 15, 2013
$1,800,000
Mkj Realty LLC
Millennium Realty LLC
Grant Deed
$1,200,000 · Valley Nat'l Bk
Apr 1, 2010
—
Frost 115 LLC
—
Deed Of Trust
related
$2,500,000 · Toyota Motor Credit Corp
Jun 3, 1999
—
Millennium Realty LLC
—
Deed Of Trust
related
$4,420,000 · World Omni Financial Corp
May 5, 1999
$223,000
Millennium Realty LLC
277 North Franklin Street Corp
Grant Deed
—
Dec 6, 1993
$350,000
North Franklin S 277
Lawrence,c
Grant Deed
—
—
—
Mkj Realty LLC
—
Deed Of Trust
related
$1,200,000 · Valley National Bank
—
—
Garden City Jeep Chrysler Dodg
—
Deed Of Trust
related
$819,227 · Miscellaneous Govt Agcy
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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