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    300 Bedford Ave Bellmore, NY 11710-3531
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    Property profile & analytics

    300 Bedford Ave Bellmore, NY 11710-3531

    View on Map
    • Retail space
    • 2,408 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Jul 7, 2020
    Property ID
    US63-6096431
    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.
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Rock Underground / Vocational School / Training Center
    • Johnpos Nail Salon / Nail Salon
    • Perri Funding Corporation / Loan Service
    • senior management group, inc / Loan Service / Bank

    Property Details for 300 Bedford Ave

    Year built
    1924
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    2,408 SF
    Property type
    Retail space
    APN
    56-282-00-0269
    APU
    56282000269

    Description

    This exceptional 7,182 square foot mixed-use building presents a compelling investment opportunity in the thriving Bellmore Village. Located on Bedford Avenue, this four-unit property boasts excellent visibility and signage, benefiting from a daily traffic count exceeding 5,700 vehicles. The building features 6 private parking spaces, high 12-foot ceilings, strategically placed curb cuts, energy-efficient LED lighting, and a robust 200-amp power system with separate meters for each unit. Central air conditioning is installed throughout. Its prime location is just two blocks from the Bellmore LIRR station and Sunrise Highway, ensuring convenient access for both employees and customers. The property sits across from a large municipal parking lot, providing ample additional parking for patrons. Surrounded by a vibrant mix of national and local businesses including Starbucks, major automotive dealerships, and popular retailers like Stop & Shop, PetSmart, and Trader Joe's, this location guarantees high foot traffic and strong potential for rental income. The building can be delivered vacant, making it ideal for an owner-user seeking to establish their business in a high-demand area. Annual expenses include $0 for gas and electricity, $250 for maintenance and repairs, $3,826 for insurance, and $41,653 for taxes, totaling $45,729. This property offers significant upside potential for both investors and developers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,370,000
      Current use
      OFFICE BUILDING
      $1,700,000
      Change: +24% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,585,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,260,000
      Change: -8% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,210,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellmore
    County
    Nassau
    State
    New York
    Longitude
    -73.5282
    Latitude
    40.6706
    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
    $42,348
    $1,098
    $3,440
    $4,538
    -
    $0.00
    $0.00
    $453,800

    Comparable in this City

    • Value Estimation
      $580,000
      2,000 SF

      106 Bedford Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      106 Bedford Ave, Bellmore, NY 11710-3527
      View Details
    • Value Estimation
      $635,000
      1,100 SF

      206 Bedford Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      206 Bedford Ave, Bellmore, NY 11710-3589
      View Details
    • Value Estimation
      $755,000
      3,842 SF

      217 Bedford Ave, Unit 219

      RETAIL STORES (PERSONAL SERVICES) • 3,842 SF
      217 Bedford Ave, Bellmore, NY 11710-3578
      View Details
    • Value Estimation
      $1,910,000
      10,191 SF

      2718 Bedford Ct

      RETAIL STORES (PERSONAL SERVICES) • 10,191 SF
      2718 Bedford Ct, Bellmore, NY 11710
      View Details
    • Value Estimation
      $540,000
      909 SF

      1522 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 909 SF
      1522 Broad St, North Bellmore, NY 11710-2146
      View Details
    • Value Estimation
      $2,630,000
      15,000 SF

      2430 Jerusalem Ave, Unit 2444

      RETAIL STORES (PERSONAL SERVICES) • 15,000 SF
      2430 Jerusalem Ave, North Bellmore, NY 11710-1827
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Newly renovated corner building with high visibility and excellent access.
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    • $275,000
      0.35 Acres

      Prime Commercial Location in Bellmore

      Highly visible commercial property suitable for retail or office operations.
      2920-2922 Merrick Rd, Bellmore, NY 11710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space on Merrick Road

      High-visibility retail space with strong co-tenancy and pylon signage.
      2734-2736 Merrick Rd, Bellmore, NY 11710
      View Details
    • Contact for pricing
      500 SF

      Retail Space in Bellmore

      Retail space available for rent in Bellmore, New York.
      2554 Merrick Rd, Bellmore, NY 11710
      View Details
    • Contact for pricing
      672 SF

      Retail Space on Merrick Road

      Retail opportunity on busy Merrick Road in Bellmore, NY.
      2814-2828 Merrick Rd, Bellmore, NY 11710
      View Details
    • Contact for pricing
      13,899 SF

      Former Retail Space on Sunrise

      Retail space available on Sunrise Highway near Bellmore train station.
      2730-2790 Sunrise Hwy, Bellmore, NY 11710
      View Details
    • Contact for pricing
      4,554 SF

      Bellmore Restaurant/Retail Opportunity

      Restaurant/retail property with high traffic and ample parking.
      2405 Merrick Rd, Bellmore, NY 11710
      View Details
    • Contact for pricing
      5,000 SF

      Office Space Near Northwell Health

      Office space for rent near Northwell Health, 5,000 SF
      1870-1890 Bellmore Ave, North Bellmore, NY 11710
      View Details
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    Bellmore, NY 11710-3531
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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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    300 Bedford Ave, Bellmore, NY, 11710
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