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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Automotive properties
300 Newtown Rd, Plainview, NY 11803-4310
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2405257
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1961
Construction
FRAME
Total area
9,630 SF
Lot
0.98 ac (42,689 SF)
APN
13-088-00-0057
UPID
US63-2405257
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
-
Welsbach Electric Electrical Service General Contractor
-
Broadway Maintenance Corporation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$4.31M
Owner & transaction history
Mag Re Holdings Plainview LLC · 4 yrs held
Mag Re Holdings Plainview LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
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 Plainview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainview 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
$3,305,000
ML approach
$4,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,330,000
Current use
INDUSTRIAL (GENERAL)
$5,810,000
Change: -8% · Conversion: Easy
RETAIL STORES
$5,485,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±10% · vs last sale $4.20M (May 6 2022)
Last sale anchor
$4.20M
May 6 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
$447 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$127,710
Tax year 2023
Assessed value
$17,448
Assessed 2023
Previous assessed
$17,448
+0.0% YoY
Effective rate
731.95%
On assessed value
Assessed land
$9,605
Assessed improvement
$7,843
Total market value
$1,744,800
Applied tax rate
579.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
9,630 SF
Lot
0.98 ac (42,689 SF)
APN
13-088-00-0057
UPID
US63-2405257
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.5M
AUTO REPAIR, GARAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Mag Re Holdings Plainview LLC
Entity
Mailing address
343 GREAT NCK RD, GREAT NECK, NY 11021-4220
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
Mag Re Holdings Plainview LLC
—
Deed
related
$4,300,000 · Truist Bank
Nov 4, 2024
—
Mag Re Holdings Plainview LLC
—
Deed
related
$4,162,000 · Truist Bank
May 6, 2022
$4,200,000
Mag Re Holdings Plainview LLC
South Service Road Associates LLC
Deed
$5,721,393 · Wells Fargo Bank NA
May 6, 2022
—
Mag Re Holdings Plainview LLC
—
Deed
related
$10,960,000 · Wells Fargo Bank NA
Jul 27, 2018
—
South Svc Road Assocs LLC
—
Loan Modification, Consolidation And Extension
related
$2,254,646 · M & T Bk
Jan 30, 2008
$2,750,000
South Service Road Associates
105 South Service Road INC
Grant Deed
$2,800,000 · Hsbc Bank USA
—
—
South Service Road Assocs LLC
—
Deed Of Trust
related
$3,650,000 · M&t Bk
—
—
South Service Road Associates
—
Loan Modification
related
$2,800,000 · M & T 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.
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