Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3015 Veterans Memorial Hwy Ronkonkoma, NY 11779-7612

    • Warehouses
    • 12.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0334768
    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.

    Current Use by Public Records

    • Rothco / Big Box & Wholesale Store
    • Morris Rothenberg & Son Inc / Clothing Store
    • Socrab / Department Store

    Property Details for 3015 Veterans Memorial Hwy

    Lot size
    12.29 lot acres
    Property type
    Warehouses
    APN
    0500-125.00-01.00-017.019
    APU
    500125000100017019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ronkonkoma
    County
    Suffolk
    State
    New York
    Longitude
    -73.1427
    Latitude
    40.79
    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
    2020
    $0.00
    $390,200
    $867,200
    $1,257,400
    -
    $5,359,890
    $11,912,088
    $17,271,978

    Comparable in this City

    • Value Estimation by Request

      711 Koehler Ave

      Life science properties
      711 Koehler Ave, Ronkonkoma, NY 11779
      View Details
    • Value Estimation by Request
      5.42 Acres

      50 Trade Zone Ct

      WAREHOUSE, STORAGE • 5.42 Acres
      50 Trade Zone Ct, Ronkonkoma, NY 11779-7369
      View Details
    • Value Estimation by Request
      0.70 Acres

      1786 Louis Kossuth Ave

      WAREHOUSE, STORAGE • 0.70 Acres
      1786 Louis Kossuth Ave, Ronkonkoma, NY 11779-6425
      View Details
    • Value Estimation by Request
      1.26 Acres

      2001 Ocean Ave

      WAREHOUSE, STORAGE • 1.26 Acres
      2001 Ocean Ave, Ronkonkoma, NY 11779-6500
      View Details
    • Value Estimation by Request
      10.99 Acres

      2020 Ocean Ave

      WAREHOUSE, STORAGE • 10.99 Acres
      2020 Ocean Ave, Ronkonkoma, NY 11779-6536
      View Details
    • Value Estimation by Request
      0.77 Acres

      16 Colt Ct

      WAREHOUSE, STORAGE • 0.77 Acres
      16 Colt Ct, Ronkonkoma, NY 11779-6948
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Ronkonkoma Industrial Unit For Sale

      Well-maintained 2,500 SF industrial unit with offices and mezzanine.
      2221 5Th Ave, Ronkonkoma, NY 11779
      View Details
    • $1,150,000
      4,600 SF

      Ronkonkoma Industrial Warehouse For Sale

      4,600 SF Warehouse/R&D Space in Ronkonkoma, NY
      710-2 Union Pkwy, Ronkonkoma, NY 11779
      View Details
    • $5,900,000
      21,500 SF

      Ronkonkoma Industrial Flex Space

      21,500 SF Flex Space, $5.9M
      2200 Smithtown Ave, Ronkonkoma, NY 11779
      View Details
    • $1,100,000
      4,600 SF

      Ronkonkoma Flex Space For Sale

      Flex space suitable for R&D or lab use.
      710 Union Pkwy, Ronkonkoma, NY 11779
      View Details
    • $3,900,000
      18,500 SF

      Ronkonkoma Industrial Automotive Property

      18,500 SF industrial space, fully rented, near LIE.
      801-823 S 1St St, Ronkonkoma, NY 11779
      View Details
    • $725,000
      350 SF

      Ronkonkoma Redevelopment Opportunity

      Prime Retail Space, High Traffic Area
      370 Hawkins Ave, Ronkonkoma, NY 11779
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      7,600 SF

      Ronkonkoma Warehouse Space Available

      Flexible Warehouse Space in Ronkonkoma, NY
      131 Gary Way, Ronkonkoma, NY 11779
      View Details
    • $17 SF/Yr
      12,000 SF

      Ronkonkoma Industrial Flex Space

      12,000 SF Industrial Space for Lease in Ronkonkoma, NY
      711 Koehler Ave, Ronkonkoma, NY 11779
      View Details
    • Contact for pricing

      Ronkonkoma Warehouse Space Available

      Warehouse space available for rent in Ronkonkoma, New York.
      2100 Smithtown Ave, Ronkonkoma, NY 11779
      View Details
    • $12 SF/Yr
      36,000 SF

      4333 Veterans Memorial Hwy, Ronkonkoma, NY

      Warehouses • 36,000 SF
      4333 Veterans Memorial Hwy, Ronkonkoma, NY 11779
      View Details
    • $15 SF/Yr
      2,378 SF

      Industrial Warehouse Space Available

      Industrial/warehouse space for lease with easy highway access.
      146-154 Remington Blvd, Ronkonkoma, NY 11779
      View Details
    • $15 SF/Yr
      2,500 SF

      Ronkonkoma Warehouse Space Available

      2,500 square feet warehouse space for lease in Ronkonkoma.
      2231 5Th Ave, Ronkonkoma, NY 11779
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3015 Veterans Memorial Hwy
    Ronkonkoma, NY 11779-7612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.