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    3055 New St Oceanside, NY 11572-2743
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    Property profile & analytics

    3055 New St Oceanside, NY 11572-2743

    View on Map
    • Manufacturing properties
    • 24,024 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Jan 13, 2020
    $3,000,000
    Property ID
    US63-1709961
    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
    $3,845,000
    Show details
    Cap Rate Potential
    6.5%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • J&M STUCCO SUPPLY INC. / Building Supply / Industrial Manufacturer
    • Two Brothers Electrical of Oceanside / Electrical Service / Computer & Electronic Repair
    • Bio Nutrition Inc. / (Bike/Boat/Book/etc) Store / Pharmacy
    • Compassionate Care Pet Aquamation Inc / Pet Funeral Service / Cremation Service

    Property Details for 3055 New St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    24,024 SF
    Property type
    Manufacturing properties
    APN
    43-194-00-0142
    APU
    43194000142

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,330,000
      ML approach
      $3,915,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,730,000
      6.5%
      $5,290,000
      7%
      $4,910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,536,000
      Market price range: $787k - $5.33M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.6569
    Latitude
    40.6387
    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
    $95,050
    $7,039
    $7,650
    $14,689
    -
    $0.00
    $0.00
    $1,468,900

    Comparable in this City

    • Value Estimation
      $3,245,000
      22,623 SF

      3001 New St

      MANUFACTURING (LIGHT) • 22,623 SF
      3001 New St, Oceanside, NY 11572-2747
      View Details
    • Value Estimation
      $10,370,000
      16,160 SF

      3345 Royal Ave

      MANUFACTURING (LIGHT) • 16,160 SF
      3345 Royal Ave, Oceanside, NY 11572-3643
      View Details
    • Value Estimation by Request
      360 SF

      3560 Hampton Rd

      FACTORY (MANUFACTURING) • 360 SF
      3560 Hampton Rd, Oceanside, NY 11572-4804
      View Details
    • Value Estimation by Request
      3,200 SF

      Brown Ct

      MANUFACTURING (LIGHT) • 3,200 SF
      Brown Ct, Oceanside, NY 11572
      View Details
    • Value Estimation
      $640,000
      2,000 SF

      480 Brown Ct

      MANUFACTURING (LIGHT) • 2,000 SF
      480 Brown Ct, Oceanside, NY 11572-4802
      View Details
    • Value Estimation
      $1,075,000
      7,470 SF

      3333 Lawson Blvd

      MANUFACTURING (LIGHT) • 7,470 SF
      3333 Lawson Blvd, Oceanside, NY 11572-3711
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      23,332 SF

      Oceanside Warehouse Space Available

      23,332 SF warehouse in Oceanside, NY for sale.
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    • $2,388,000
      4,616 SF

      Oceanside Retail Building - High Traffic!

      Prime Oceanside location, 4,616 sq ft restaurant/bar.
      3451 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      6 SF

      6+ Acres Vacant Nassau Land

      6+ acres of vacant land in Nassau County, NY.
      3645 Hampton Rd, Oceanside, NY 11572
      View Details
    • $999,999
      2,200 SF

      Oceanside Mixed-Use Property For Sale

      Mixed-use property in Oceanside with residential and commercial spaces.
      3116 Long Beach Rd, Oceanside, NY 11572
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Functional Flex/Warehouse Space Available

      4,000 SF flex/warehouse with office space for rent.
      3339 Lawson Blvd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      6,000 SF

      Oceanside Warehouse with Office Space

      6,000 SF warehouse with office, ideal for trailer trucks.
      3067 New St, Oceanside, NY 11572
      View Details
    • $12,000 /Mo
      19,001 SF

      Oceanside Commercial Warehouse with Yard

      5,000+ SF warehouse with 14,000+ SF enclosed yard.
      3578 Maple Ct, Oceanside, NY 11572
      View Details
    • $8,000 /Mo

      Oceanside Commercial Space Available

      Commercial space suitable for auto, retail, or warehouse use.
      3578A Maple Ct, Oceanside, NY 11572
      View Details
    • Contact for pricing
      4,500 SF

      Oceanside Flex/Industrial Space Available

      4,500 SF flex/industrial space for lease in Oceanside, NY.
      3001 New St, Oceanside, NY 11572
      View Details
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    Oceanside, NY 11572-2743
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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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