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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Office buildings
3235 Hempstead Tpke, Levittown, NY 11756-1319
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-1644539
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2014
Total area
3,467 SF
Lot
2.2 ac (95,963 SF)
APN
45-00M-00-0070
UPID
US63-1644539
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
-
Zwanger-Pesiri Radiology Medical Clinic
-
Lenox Hill Radiology | Levittown Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Hempstead Industrial Dev Agcy · 13 yrs held
Hempstead Industrial Dev Agcy
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+24.3%
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 Levittown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Levittown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,040,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,280,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,245,000
Change: -8% · Conversion: Easy
RETAIL STORES
$1,975,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10%
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
$789 / 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
$704
Tax year 2023
Assessed value
$28,434
Assessed 2023
Previous assessed
$28,434
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$20,600
Assessed improvement
$7,834
Total market value
$2,843,400
Applied tax rate
303.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
3,467 SF
Lot
2.2 ac (95,963 SF)
APN
45-00M-00-0070
UPID
US63-1644539
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
OFFICE BUILDING Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.2 ac
Current owner
From public records · entity-resolved
Hempstead Industrial Dev Agcy
Individual
Mailing address
350 FRNT ST, HEMPSTEAD, NY 11550-4040
Ownership since
2013
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 22, 2020
—
3235 Hempstead LLC
—
Deed
related
$1,025,265 · Manufacturers & Traders Tr
Jan 9, 2017
—
3235 Hempstead LLC
—
Loan Modification, Consolidation And Extension
related
$5,253,247 · Manufacturers & Traders Tr
Apr 4, 2013
—
Hempstead Industrial Dev Agcy
3235 Hempstead LLC
Quit Claim Deed
related
—
May 25, 2010
$3,200,000
3235 Hempstead LLC
Farmingdale Wantagh Jewish Cen
Grant Deed
—
—
—
3235 Hempstead LLC
—
Deed Of Trust
related
$3,500,000 · M & T Bank
—
—
3235 Hempstead LLC
—
Deed Of Trust
related
$1,025,265 · Manufacturers & Traders Tr
—
—
3235 Hempstead LLC
—
Deed Of Trust
related
$2,313,150 · Manufacturers & Traders Tr
—
—
3235 Hempstead LLC
—
Deed Of Trust
related
$3,591,803 · Manufacturers & Traders Tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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