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    Property profile & analytics

    2838 Long Bch Rd Oceanside, NY 11572-2258

    • Office buildings
    • 2,282 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2024
    $1,100,000
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0287694
    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.

    Current Use by Public Records

    • G & M Wolkenberg Inc / Loan Service / Bank
    • Bad Credit Auto Loan & Car Finance / Loan Service / Car Dealership
    • Safe Harbor Tax and Accounting LLC / Accounting Firm / Tax Preparation
    • Contemporary Employee / Insurance Agency

    Property Details for 2838 Long Bch Rd

    Year built
    1928
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    2,282 SF
    Property type
    Office buildings
    APN
    38-378-00-0026
    APU
    38378000026

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $645,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,445,000
      Market price range: $839k - $2.59M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,610,000
      Current use
      AUTO REPAIR, GARAGE
      $1,565,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,475,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.6405
    Latitude
    40.6425
    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
    $51,483
    $866
    $6,920
    $7,786
    -
    $0.00
    $0.00
    $778,600

    Comparable in this City

    • Value Estimation
      $1,605,000
      9,372 SF

      3051 Long Bch Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 9,372 SF
      3051 Long Bch Rd, Oceanside, NY 11572-3240
      View Details
    • Value Estimation
      $1,005,000
      4,765 SF

      258 Merrick Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 4,765 SF
      258 Merrick Rd, Oceanside, NY 11572-1427
      View Details
    • Value Estimation
      $3,485,000
      18,087 SF

      15 Neil Ct

      OFFICE BUILDING • 18,087 SF
      15 Neil Ct, Oceanside, NY 11572-5815
      View Details
    • Value Estimation
      $570,000
      2,964 SF

      2856 Lowr Lincoln Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 2,964 SF
      2856 Lowr Lincoln Ave, Oceanside, NY 11572
      View Details
    • Value Estimation by Request
      1,128 SF

      400 Merrifield Ave

      OFFICE BUILDING • 1,128 SF
      400 Merrifield Ave, Oceanside, NY 11572-2944
      View Details
    • Value Estimation by Request
      2,242 SF

      3471 Long Bch Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 2,242 SF
      3471 Long Bch Rd, Oceanside, NY 11572-5424
      View Details

    Similar Nearby for Sale

    • $999,999
      2,200 SF

      Oceanside Mixed-Use Property For Sale

      Mixed-use property in Oceanside with residential and commercial spaces.
      3116 Long Beach Rd, Oceanside, NY 11572
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    • $2,300,000
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      Oceanside Creative Office Investment

      High-return, fully leased Class A office.
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    • $949,000
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      Oceanside Duplex: Income Opportunity

      Spacious Oceanside duplex on a large lot, ideal for investors.
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    • $1,800,000
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      Oceanside Auto Shop Investment

      Prime Long Beach Rd location, high-revenue auto repair shop.
      3345 Long Beach Rd, Oceanside, NY 11572
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    • $290,000

      Turnkey Restaurant Business For Sale

      Turnkey restaurant with liquor license, seating, and high visibility.
      2757 Long Beach Rd, Oceanside, NY 11572
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    • $2,180,000
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      Prime Location Strip Center

      Strip center in prime location with established tenants.
      2873-2879 Long Beach Rd, Oceanside, NY 11572
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,640 SF

      Oceanside Medical Office Space For Lease

      Prime Oceanside Retail & Medical Space Available
      70 Atlantic Ave, Oceanside, NY 11572
      View Details
    • $21 SF/Yr
      15,000 SF

      Oceanside Office Building - Prime Location

      Modern Office Space, Multiple Uses Available
      3678 Oceanside Rd, Oceanside, NY 11572
      View Details
    • $7,500 /Mo
      7,200 SF

      Modern Oceanside Building with Elevator

      Two-story building with elevator, suitable for professional offices.
      2710 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $3,000 /Mo

      Oceanside Commercial Space For Lease

      Versatile lower-level commercial space in a prime Oceanside location.
      2816 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      2,500 SF

      Oceanside Office Space Available

      Oceanside office space for lease, approximately 2500 square feet.
      3333-3345 Royal Ave, Oceanside, NY 11572
      View Details
    • $4,000 /Mo
      13,500 SF

      Oceanside Land For Lease

      Land available for lease in the commercial heart of Oceanside.
      3578b Maple Ct, Oceanside, NY 11572
      View Details
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    Oceanside, NY 11572-2258
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    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
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