Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    320 Northern Blvd Great Neck, NY 11021-4824
    Back to Search
    Property profile & analytics

    320 Northern Blvd Great Neck, NY 11021-4824

    View on Map
    • Office buildings
    • 517 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US63-0281027
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • N3N4 Architecture PLLC / Architect
    • TechKon Solutions / Business Management Consultant
    • IGH INTERNATIONAL, CORP / Corporate Office / Factory
    • Technical Office Solutions / Electrical Service / Computer & Electronic Repair
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 320 Northern Blvd

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.56 lot acres
    Property size
    517 SF
    Property type
    Office buildings
    APN
    02-084-00-0026
    APU
    2084000026

    Description

    This exceptional executive office space, located at 320 Northern Blvd in Great Neck, NY, offers 1,497 square feet of immediately available space within a larger 11,139 square foot building. The property is situated on a half-acre lot in Nassau County, providing ample parking and convenient access. The building is classified as a multi-tenant office building, offering a professional and collaborative environment. The available space is ideal for a variety of businesses seeking a prestigious address in a thriving community. Property taxes are $7 per square foot. The precise configuration of the available 1,497 square feet can be tailored to meet specific tenant requirements. This is a fantastic opportunity to secure a well-located, high-quality office space in the desirable Great Neck area. The zip code is 11021. The property's location offers easy access to major transportation routes, making commuting a breeze. This executive office space presents a unique chance to establish or expand your business in a prime location. The building's overall size and the available space provide a balance of privacy and accessibility. Inquire today to learn more about this exceptional leasing opportunity.

    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
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.7248
    Latitude
    40.778
    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
    $102,869
    $10,038
    $11,068
    $21,106
    -
    $0.00
    $0.00
    $2,110,600

    Comparable in this City

    • Value Estimation
      $1,430,000
      3,875 SF

      350 Northern Blvd

      OFFICE BUILDING • 3,875 SF
      350 Northern Blvd, Great Neck, NY 11021-4826
      View Details
    • Value Estimation
      $1,550,000
      9,103 SF

      505 Northern Blvd

      OFFICE BUILDING • 9,103 SF
      505 Northern Blvd, Great Neck, NY 11021-5115
      View Details
    • Value Estimation by Request
      601 SF

      500 Northern Blvd

      OFFICE BUILDING • 601 SF
      500 Northern Blvd, Great Neck, NY 11021-5104
      View Details
    • Value Estimation
      $1,350,000
      2,500 SF

      280 Northern Blvd

      OFFICE BUILDING • 2,500 SF
      280 Northern Blvd, Great Neck, NY 11021-4704
      View Details
    • Value Estimation by Request
      1,212 SF

      85 Watermill Ln

      OFFICE BUILDING • 1,212 SF
      85 Watermill Ln, Great Neck, NY 11021-4234
      View Details
    • Value Estimation
      $3,410,000
      12,110 SF

      29 Barstow Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 12,110 SF
      29 Barstow Rd, Great Neck, NY 11021-2222
      View Details

    Similar Nearby for Sale

    • $8,990,000
      0.23 Acres

      Great Neck Mixed-Use Investment

      Fully occupied mixed-use building in prime Great Neck location.
      17 Maple Dr, Great Neck, NY 11021
      View Details
    • $459,000

      Medical Office in Great Neck

      Medical office in prime location, Great Neck, excellent transit access.
      40 Stone Ave, Great Neck Plaza, NY 11021
      View Details
    • $488,888
      800 SF

      Storefront in Great Neck Heart

      800 sq ft storefront ideal for retail or office.
      57A Cuttermill Rd, Great Neck, NY 11021
      View Details
    • $9,600,000
      23,118 SF

      Great Neck Medical Office Building

      Prime Location, High NOI, Excellent Condition
      29 Barstow Rd, Great Neck, NY 11021
      View Details
    • $198,000
      750 SF

      Great Neck Office Unit

      Office unit featuring multiple rooms in Great Neck, NY.
      15 Canterbury Rd, Great Neck, NY 11021
      View Details

    Similar Nearby for Lease

    • $4,200 /Mo

      Renovated Office Building in Great Neck

      Fully renovated office building with spaces for lease in Great Neck.
      277 Northern Blvd, Great Neck, NY 11021
      View Details
    • $3,500 /Mo

      Renovated Office Building in Great Neck

      Fully renovated office building with spaces for lease in Great Neck.
      277 Northern Blvd, Great Neck, NY 11021
      View Details
    • Contact for pricing

      Professional Office Building Near LIRR

      Boutique office building in Great Neck, near transportation.
      45 N Station Plz, Great Neck, NY 11021
      View Details
    • $13,680 /Mo
      16,592 SF

      Prestigious Great Neck Office Space

      Sophisticated office environment with subdivision potential in Great Neck.
      60 Cuttermill Rd, Great Neck, NY 11021
      View Details
    • Contact for pricing
      5,000 SF

      Professional Office / Medical Building

      Two-story elevatored building with on-site parking near Northern Boulevard.
      333 E Shore Rd, Manhasset, NY 11021
      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.
    320 Northern Blvd
    Great Neck, NY 11021-4824
    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

    Thank You for Inquiry
    320 Northern Blvd, Great Neck, NY, 11021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!