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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Flex space
34 Hutcheson Pl Lynbrook, NY 11563
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-1448674
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,980 SF
Lot
0.09 ac (3,705 SF)
APN
38-095-00-0534
UPID
US63-1448674
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Hutchinson LLC · 6 yrs held
Hutchinson LLC
since 2020
Last sale
$980,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+17.0%
Auto repair, garage
$1.3M
+9.0%
Commercial (general)
$1.3M
+7.3%
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 Lynbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynbrook 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
$910,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,195,000
Current use
OFFICE BUILDING
$1,395,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,300,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,280,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$995,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $980k (Feb 27 2020)
Last sale anchor
$980k
Feb 27 2020
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
$510 / 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
$12,051
Tax year 2023
Assessed value
$3,016
Assessed 2023
Previous assessed
$3,016
+0.0% YoY
Effective rate
399.57%
On assessed value
Assessed land
$908
Assessed improvement
$2,108
Total market value
$301,600
Applied tax rate
286.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,980 SF
Lot
0.09 ac (3,705 SF)
APN
38-095-00-0534
UPID
US63-1448674
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$995,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Hutchinson LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8416 258TH ST, FLORAL PARK, NY 11001-1006
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$980,000
Hutchinson LLC
Khan Ent Const INC
Correction Deed
—
Feb 27, 2020
—
Citylink Const Ents INC
Khan Ent Const INC
Correction Deed
related
$784,000 · Santander Bk NA
Apr 11, 2017
—
Khan Ent Construction INC
Citylink Construction Ents INC
Grant Deed
related
—
Nov 19, 2007
—
Citylink Construction Enterpri
Khan Enterprise Construction I
Grant Deed
related
—
Aug 30, 2007
$597,000
Khan Enterprise Construction I
Walker,katherine & Garth
Grant Deed
—
—
—
Hutchinson LLC
—
Deed Of Trust
related
$784,000 · Santander Bk NA
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.
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