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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2873 Long Bch Rd Oceanside, NY 11572-3126

    • Investment properties
    • 2,298 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2024
    $1,890,000
    Value Estimations
    $1,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4074819
    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

    • Legacy Financial / Mortgage Lender
    • Legacy Financial Residential & Commercial Mortgages / Mortgage Lender

    Property Details for 2873 Long Bch Rd

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    2,298 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    38-363-00-0026
    APU
    38363000026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,890,000
      ML approach
      $1,890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,453,000
      Market price range: $694k - $2.45M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,490,000
      Current use
      WAREHOUSE, STORAGE
      $2,115,000
      Change: +42% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,015,000
      Change: +36% Conversion: Difficult
      OFFICE BUILDING
      $1,620,000
      Change: +9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,575,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.6397
    Latitude
    40.6412
    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
    $61,685
    $9,630
    $1.00
    $9,631
    -
    $0.00
    $0.00
    $963,100

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      401 Merrick Rd

      STORE/OFFICE (MIXED USE) • 1,360 SF
      401 Merrick Rd, Oceanside, NY 11572-1409
      View Details
    • Value Estimation
      $925,000
      5,355 SF

      398 Merrick Rd, Unit 404

      STORE/OFFICE (MIXED USE) • 5,355 SF
      398 Merrick Rd, Oceanside, NY 11572-1410
      View Details
    • Value Estimation
      $805,000
      1,680 SF

      224 Atlantic Ave

      STORE/OFFICE (MIXED USE) • 1,680 SF
      224 Atlantic Ave, Oceanside, NY 11572
      View Details
    • Value Estimation
      $595,000
      1,408 SF

      175 Atlantic Ave

      STORE/OFFICE (MIXED USE) • 1,408 SF
      175 Atlantic Ave, Oceanside, NY 11572-2046
      View Details
    • Value Estimation
      $1,345,000
      6,720 SF

      3141 Lawson Blvd, Unit 3153

      STORE/OFFICE (MIXED USE) • 6,720 SF
      3141 Lawson Blvd, Oceanside, NY 11572-3717
      View Details
    • Value Estimation by Request
      1,600 SF

      3477 Long Bch Rd

      STORE/OFFICE (MIXED USE) • 1,600 SF
      3477 Long Bch Rd, Oceanside, NY 11572-5424
      View Details

    Similar Nearby for Sale

    • $2,180,000
      Pending

      Oceanside Commercial Strip Center For Sale

      Strip center in prime location with established tenants and parking.
      2873-2879 Long Beach Rd, Oceanside, NY 11572
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    • $749,000
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      you'll appreciate the 3 income streams available to you from the ground floor 1500 SF retail

      second floor 2\/3 bedroom residential
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    • $999,999
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      3116 Long Beach Rd, Oceanside, NY 11572

      Mixed-use properties • 4,818 SF
      3116 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $1,200,000
      2,662 SF

      Oceanside Mixed-Use Property For Sale

      Mixed-use property with retail, residential, and parking.
      3233-3235 Long Beach Rd, Oceanside, NY 11572
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    • $849,000
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      Oceanside Mixed-Use Commercial Building

      High-Yield Investment, Prime Location, 10,240 SF
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    • $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
      View Details

    Similar Nearby for Lease

    • $4,100 /Mo
      1,950 SF

      Oceanside Retail Space on Long Beach

      Spacious retail store in high-traffic Oceanside location.
      3259 Long Beach Rd, 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
    • $22 SF/Yr
      6,000 SF

      Oceanside Warehouse with Office Space

      6,000 SF warehouse with office, ideal for trailer trucks.
      3067 New St, Oceanside, NY 11572
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Oceanside Center

      Retail space available in shopping center anchored by major retailers.
      3544-3584 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $12,000 /Mo
      5,000 SF

      Oceanside Warehouse with Enclosed Yard

      5,000+ SF warehouse with 14,000+ SF enclosed yard.
      3578 Maple Ct, Oceanside, NY 11572
      View Details
    • $3,900 /Mo
      1,578 SF

      Oceanside Industrial Land For Lease

      Spacious lot ideal for storage, parking, and various industrial uses.
      56 New St, Oceanside, NY 11572
      View Details
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    2873 Long Bch Rd
    Oceanside, NY 11572-3126
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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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