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Financial
Distress signals
Property profile

324 South Service Rd Melville, NY 11747

FOR LEASE
Manufacturing properties
Property ID
US63-0143133
6 ac lot
Last sale Jul 2005 · $6,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office suite located at 324 South Service Road in Melville, New York 11747. The space is configured for plug-and-play occupancy, with furniture, fixtures, and equipment (FF&E) intended to remain as part of the offering. The office provides access to shared on-site amenities, including a café, fitness center, and conference center.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$110k
Assessed land$18k
Assessed improvement$92k

Value estimate

· Oct 2026
$1.20M
$1.08M – $1.32M
AI approach$1.20M
NOI build-up
Gross scheduled income$3.72M
Vacancy & credit loss−$670k
Operating expenses−$763k
NOI · 9,552,601.25% cap applied$2.29M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
County average, outlier-cleaned · 170 recorded sales of this use type
Observed band · Q1–Q3$182 – $297

Cap rate analysis

How does the asset earn?
9,552,601.25%
$2.29M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I1
JurisdictionSUFFOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon14.4
Nail Salon12.7
Auto Repair Shop12.2

Location

324 South Service Rd Melville, NY 11747
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 9 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Spagnoli, Melville, NY 11747-3518 $21,000,000 Aug 2025 No data
80 Ruland, Melville, NY 11747-4211 $21,400,000 Aug 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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