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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    341 Hicksville Rd Bethpage, NY 11714-3401

    • Residential income homes
    • 2,652 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2022
    $1,600,000
    Value Estimations
    $1,585,000
    Show details
    Cap Rate Potential
    3.3%
    Residential income homes
    Location Intelligence
    Property ID
    US63-3391029
    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.

    Current Use by Public Records

    • Serenity Funeral Designs / Wholesale Florist

    Property Details for 341 Hicksville Rd

    Year built
    1947
    Lot size
    0.82 lot acres
    Property size
    2,652 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    46-00M-00-0265
    APU
    4600M000265

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,550,000
      ML approach
      $1,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,595,000
      Market price range: $1.53M - $6.92M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bethpage
    County
    Nassau
    State
    New York
    Longitude
    -73.4941
    Latitude
    40.7343
    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
    $47,994
    $5,722
    $1,214
    $6,936
    -
    $0.00
    $0.00
    $693,600

    Comparable in this City

    • Value Estimation
      $595,000
      747 SF

      407 Central Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 747 SF
      407 Central Ave, Bethpage, NY 11714-3999
      View Details
    • Value Estimation
      $2,420,000
      6,978 SF

      Emerson Ave

      APARTMENT HOUSE (5+ UNITS) • 6,978 SF
      Emerson Ave, Bethpage, NY 11714
      View Details
    • Value Estimation
      $5,305,000
      3,204 SF

      100 Kensington Ln, Unit 628

      APARTMENT HOUSE (5+ UNITS) • 3,204 SF
      100 Kensington Ln, Bethpage, NY 11714-4501
      View Details
    • Value Estimation
      $1,010,000
      3,020 SF

      10-12 Rail Rd Ave

      APARTMENT HOUSE (5+ UNITS) • 3,020 SF
      10-12 Rail Rd Ave, Bethpage, NY 11714
      View Details
    • Value Estimation
      $1,310,000
      2,440 SF

      280 Broadway

      APARTMENT HOUSE (5+ UNITS) • 2,440 SF
      280 Broadway, Bethpage, NY 11714-3715
      View Details
    • Value Estimation by Request
      400 SF

      600 Nn Rd

      STORE/OFFICE (MIXED USE) • 400 SF
      600 Nn Rd, Bethpage, NY 11714-3318
      View Details

    Similar Nearby for Sale

    • $325,000

      Spacious End-Unit Ground-Floor Home

      Sun-filled home with patio, updated features, and convenient location.
      307-13 Hicksville Rd, Bethpage, NY 11714
      View Details
    • $359,000

      Spacious Two-Bedroom Coop in Bethpage

      Large 2-bedroom coop with included amenities and parking.
      253 Hicksville Rd, Bethpage, NY 11714
      View Details
    • $699,888
      0.09 Acres

      Bethpage Colonial Home - 5 Beds, 2 Baths

      Spacious Bethpage home, large lot, updated features.
      38 Grant Ave, Bethpage, NY 11714
      View Details
    • $249,000
      Pending

      Bethpage Colonial Duplex For Sale

      Colonial duplex in Bethpage, NY, with 2659 square feet.
      22 Sherman Ave, Bethpage, NY 11714
      View Details
    • $699,000

      Converted Medical Office Building

      Office building with reception area and waiting room.
      4169 Iris Pl, Bethpage, NY 11714
      View Details
    • $1,650,000
      5,600 SF

      Bethpage Mixed-Use Investment Opportunity

      Prime Location, High-Traffic, 5,600 SF
      271 Central Ave, Bethpage, NY 11714
      View Details

    Similar Nearby for Lease

    • $75,000
      1,360 SF

      Bethpage Retail Space For Rent

      Retail space in a busy, highly visible shopping center.
      420 N Wantagh Ave, Bethpage, NY 11714
      View Details
    • $3,900 /Mo
      1,960 SF

      Bethpage Retail/Office Space For Rent

      Corner retail and office space in prime Bethpage location.
      281 Broadway, Bethpage, NY 11714
      View Details
    • Contact for pricing
      13,500 SF

      Industrial Space in Oyster Bay

      Industrial space for rent in a large Oyster Bay complex.
      999 South Oyster Bay Rd, Bethpage, NY 11714
      View Details
    • Contact for pricing

      Bethpage Office Space Sublease

      Sublease available in Bethpage Business Park with abundant parking.
      15 Grumman Rd West, Bethpage, NY 11714
      View Details
    • $1,500 /Mo

      Bethpage Store Space For Lease

      600 SF retail space with bathroom near LIRR station.
      352 Broadway Store, Bethpage, NY 11714
      View Details
    • Contact for pricing

      Future Industrial Development Site

      17-acre industrial development site with demolition complete, site work commencing Q2 2025.
      600 Grumman Rd West Bethpage, Bethpage, NY 11714
      View Details
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    341 Hicksville Rd
    Bethpage, NY 11714-3401
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    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
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