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Property profile & analytics
OFF-MARKET
Office buildings
2941 Sunrise Hwy Islip Terrace, NY 11752-2822
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-5638526
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.43 ac (18,731 SF)
Zoning code
BUS1
APN
0500-297.00-01.00-125.000
UPID
US63-5638526
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
-
Harvest Power LLC Production Facility
-
Dr. Lawrence H. Womack, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2941 Sunrise Highway LLC · 8 yrs held
2941 Sunrise Highway LLC
since 2018
7 recorded transactions
Zoning & alternative use
BUS1 · Islip Terrace, 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 Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Islip Terrace 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
—
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
$90,000
Assessed 2023
Previous assessed
$90,000
+0.0% YoY
Assessed land
$61,900
Assessed improvement
$28,100
Land market value
$850,275
Improvement market value
$385,989
Total market value
$1,236,264
Applied tax rate
472,803.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
0.43 ac (18,731 SF)
Zoning code
BUS1
APN
0500-297.00-01.00-125.000
UPID
US63-5638526
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
BUS1 · Islip Terrace, NY
Zoning BUS1 · permitted uses
BUS1 · Islip Terrace, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Islip Terrace. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
2941 Sunrise Highway LLC
Entity
Free & Clear · 8 yrs held
Mailing address
112 CEDAR AVE, ISLIP, NY 11751-4303
Ownership since
2018
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
Mar 1, 2018
$925,000
2941 Sunrise Highway LLC
Islip Real Estate Group LLC
Grant Deed
—
May 22, 2017
$625,000
Islip Real Estate Group LLC
2941 Sunrise LLC
Grant Deed
—
Apr 11, 2017
$359,432
2941 Sunrise LLC
Referee Of Suffolk County|womack,lawrence H
Trustees Deed
—
Mar 20, 2013
$99,501
Lawrence H Womack
County Of Suffolk
Quit Claim Deed
related
—
Nov 23, 2011
$11,969
County Of Suffolk
Treasurer Of Suffolk County
Tax Deed
related
—
Jul 7, 2008
$1,155,000
L Womack
Gibbons & Gibbons Realty Assoc
Grant Deed
—
Apr 9, 2004
—
Gibbons Assoc
G & G Associates
Grant Deed
$300,000 · North Fork Bank
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.
Try Rey
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