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    300 Sunrise Hwy Valley Stream, NY 11581-1012
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    Property profile & analytics

    300 Sunrise Hwy Valley Stream, NY 11581-1012

    View on Map
    • Strip malls
    • 28,434 SF
    • 2.55 lot acres
    Off-Market
    Property ID
    US63-1498758
    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
    $11,435,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ToysRUs / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center
    • A&M Discount Furniture and Mattress / Furniture & Home Goods / Home Decor Store
    • Zoe Baker Portable Toilets / Building Supply

    Property Details for 300 Sunrise Hwy

    Year built
    1959
    Lot size
    2.55 lot acres
    Property size
    28,434 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    39-560-00-0057
    APU
    39560000057

    Description

    This exceptional retail opportunity presents a brand-new, single-tenant building totaling 18,475 square feet, located at 300 West Sunrise Highway in Valley Stream, New York, within Nassau County. The property is a redevelopment of the former Toys R Us site, offering a prime location adjacent to the bustling Green Acres Mall, ensuring high visibility and significant foot traffic. The building's classification includes Big Box, Freestanding, New Development, and Pad Site/Drive-Thru features, making it ideal for a variety of retail uses. The entire 18,475 square feet is currently vacant and available for lease, providing a blank canvas for a prospective tenant to create a flagship location. Improvements to the site will include the addition of more parking spaces, enhancing convenience for customers and employees. The property's address is 300 West Sunrise Highway, Valley Stream, NY 11581, offering easy access and excellent visibility along a major thoroughfare. This is a rare chance to secure a prominent retail space in a high-demand area with strong demographics and significant consumer spending. The property's strategic location near Green Acres Mall guarantees a substantial customer base and presents a unique opportunity for a business seeking to establish a strong presence in the vibrant Valley Stream market. This new construction offers modern amenities and design, providing a fresh and appealing space for a discerning tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Valley Stream
    County
    Nassau
    State
    New York
    Longitude
    -73.7111
    Latitude
    40.6621
    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
    $462,136
    $71,147
    $1.00
    $71,148
    -
    $0.00
    $0.00
    $7,114,800

    Comparable in this City

    • Value Estimation
      $41,725,000
      118,440 SF

      77 Grn Acres Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 118,440 SF
      77 Grn Acres Rd, Valley Stream, NY 11581-1008
      View Details
    • Value Estimation
      $1,450,000
      107,160 SF

      750 Sunrise Hwy

      REGIONAL SHOPPING CENTER, MALL • 107,160 SF
      750 Sunrise Hwy, Valley Stream, NY 11581-1017
      View Details
    • Value Estimation
      $23,100,000
      122,412 SF

      125 Grn Acres Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 122,412 SF
      125 Grn Acres Rd, Valley Stream, NY 11581-1502
      View Details
    • Value Estimation
      $515,000
      1,231 SF

      449-450 Sunrise Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 1,231 SF
      449-450 Sunrise Hwy, Valley Stream, NY 11581
      View Details
    • Value Estimation
      $2,515,000
      6,622 SF

      750 Sunrise Hwy

      REGIONAL SHOPPING CENTER, MALL • 6,622 SF
      750 Sunrise Hwy, Valley Stream, NY 11581-1017
      View Details
    • Value Estimation
      $1,705,000
      9,366 SF

      100 Sunrise Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,366 SF
      100 Sunrise Hwy, Valley Stream, NY 11581-1262
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space in Hewlett, NY

      Retail spaces available near Peninsula Boulevard and Mill Road.
      1300-1368 Peninsula Blvd, Hewlett, NY 11581
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    • Contact for pricing

      Green Acres Retail Redevelopment

      Redeveloped retail space in Valley Stream with high visibility.
      2034 Green Acres Rd East, Valley Stream, NY 11581
      View Details
    • $2,900 /Mo

      Bright Storefront Near Valley Stream

      Storefront with natural light, near transportation and highways.
      83 Roosevelt Ave, Valley Stream, NY 11581
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    • Contact for pricing
      23,856 SF

      Valley Stream Office Space Available

      Office building with on-site management, security, and ample parking.
      70 E Sunrise Hwy, Valley Stream, NY 11581
      View Details
    • Sponsored
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      Valley Stream

      Discover many ways to work your way in 200 Union
      70 Sunrise Hwy, Valley Stream, NY 11581
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    • Contact for pricing
      2,275 SF

      Valley Stream Office Space Available

      Office space for rent near transportation and amenities.
      10 5Th St, Valley Stream, NY 11581
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    Valley Stream, NY 11581-1012
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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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