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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Banks
340 Broadhollow Rd, Farmingdale, NY 11735-4838
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3162642
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Total area
12,070 SF
Lot
0.8 ac (34,848 SF)
Zoning code
G
APN
0100-094.00-01.00-078.000
UPID
US63-3162642
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
-
Deepak A. Kapoor, MD Physician Medical Clinic
-
Dulai Poonam MD Physician
-
Advanced Radiation Centers of New York - Corporate office Medical Clinic
-
Progressive Surgery Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$4.76M
Owner & transaction history
Nnn Reit LP · 2 yrs held
Nnn Reit LP
since 2023
Last sale
$4.8M
2 recorded transactions
Zoning & alternative use
G · Farmingdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.8M
+57.2%
Auto repair, garage
$4.4M
+21.3%
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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
$4,725,000
ML approach
$5,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,660,000
Current use
OFFICE BUILDING
$5,750,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,435,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,630,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,050,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±10% · vs last sale $4.80M (Oct 4 2023)
Last sale anchor
$4.80M
Oct 4 2023
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
$394 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$29,370
Assessed 2023
Previous assessed
$29,370
+0.0% YoY
Assessed land
$3,360
Assessed improvement
$26,010
Land market value
$5,091
Improvement market value
$39,409
Total market value
$44,500
Applied tax rate
282,422.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Total area
12,070 SF
Lot
0.8 ac (34,848 SF)
Zoning code
G
APN
0100-094.00-01.00-078.000
UPID
US63-3162642
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
G · Farmingdale, NY
Zoning G · permitted uses
G · Farmingdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
FINANCIAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2001
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Free & Clear · 2 yrs held
Mailing address
340 BROADHOLLOW RD, FARMINGDALE, NY 11735-4838
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$4,800,000
Nnn Reit LP
340 Farmingdale LLC
Deed
—
Apr 4, 2018
$4,850,000
340 Farmingdale LLC
340 Broad Hollow Road LLC
Grant Deed
related
—
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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