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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Office buildings
2990 Expy S Dr, Islandia, NY 11749-1420
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3940668
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
1.34 ac (58,370 SF)
Zoning code
NULL
APN
0504-007.00-02.00-001.000
UPID
US63-3940668
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
-
Converged Technology Group | Managed IT Services Long Island & NYC IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Avow Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
2990 Expressway Drive LLC · 3 yrs held
2990 Expressway Drive LLC
since 2022
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
NULL · Islandia, 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 Islandia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Islandia 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
Method
Estimation
Statistic approach
$3,405,000
ML approach
$3,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10% · vs last sale $3.13M (Oct 11 2022)
Last sale anchor
$3.13M
Oct 11 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$173,900
Assessed 2023
Previous assessed
$173,900
+0.0% YoY
Assessed land
$57,800
Assessed improvement
$116,100
Land market value
$793,956
Improvement market value
$1,594,780
Total market value
$2,388,736
Applied tax rate
472,806.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
1.34 ac (58,370 SF)
Zoning code
NULL
APN
0504-007.00-02.00-001.000
UPID
US63-3940668
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
NULL · Islandia, NY
Zoning NULL · permitted uses
NULL · Islandia, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Islandia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.34 ac
Current owner
From public records · entity-resolved
2990 Expressway Drive LLC
Entity
Mailing address
140 HOFFMAN LN, ISLANDIA, NY 11749-5009
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$3,125,000
2990 Expressway Drive LLC
5 B Real Property INC
Deed
$1,250,000 · Nybdc Local Development Corp
Mar 8, 2013
$1,299,200
5 B Real Property INC
Hnw Hauppauge INC
Grant Deed
—
—
—
5b Real Property INC
—
Deed Of Trust
related
$974,000 · Suffolk County National Bank
—
—
5b Real Property INC
—
Deed Of Trust
related
$779,200 · New York Business Dev Corp
—
—
5 B Real Property INC
—
Deed Of Trust
related
$803,000 · Empire St Certified Dev
—
—
Hnw Hauppauge INC
—
Deed Of Trust
related
$63,000 · M&t Trust Co
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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