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    Property profile & analytics

    3501 Long Bch Rd, Unit 3577 Oceanside, NY 11572-5701

    • Strip malls
    • 85,170 SF
    • 13.36 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1254374
    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

    • Gap Factory / Baby Clothing Store / Lingerie Store
    • Gap / Clothing Store / Baby Clothing Store

    Property Details for 3501 Long Bch Rd

    Year built
    1987
    Lot size
    13.36 lot acres
    Property size
    85,170 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    60-F01-00-0109
    APU
    60F01000109

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $65,700,000
      6.5%
      $60,645,000
      7%
      $56,315,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $74,720,000
      Current use
      WAREHOUSE, STORAGE
      $78,300,000
      Change: +5% Conversion: Difficult
      RESTAURANT
      $75,610,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $60,095,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.6388
    Latitude
    40.6239
    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
    $2,112,151
    $157,141
    $267,269
    $424,410
    -
    $0.00
    $0.00
    $42,441,000

    Comparable in this City

    • Value Estimation
      $3,235,000
      12,000 SF

      3600 Long Bch Rd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      3600 Long Bch Rd, Oceanside, NY 11572-5705
      View Details
    • Value Estimation by Request
      40,038 SF

      40 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER • 40,038 SF
      40 Atlantic Ave, Oceanside, NY 11572-2037
      View Details
    • Value Estimation
      $45,020,000
      89,900 SF

      3600 Long Bch Rd

      SHOPPING CENTER, STRIP CENTER • 89,900 SF
      3600 Long Bch Rd, Oceanside, NY 11572-5705
      View Details
    • Value Estimation
      $5,685,000
      9,120 SF

      3444 Long Bch Rd, Unit 3458

      SHOPPING CENTER, STRIP CENTER • 9,120 SF
      3444 Long Bch Rd, Oceanside, NY 11572-5440
      View Details
    • Value Estimation
      $18,095,000
      58,620 SF

      3544 Long Bch Rd, Unit 3584

      SHOPPING CENTER, STRIP CENTER • 58,620 SF
      3544 Long Bch Rd, Oceanside, NY 11572-5704
      View Details
    • Value Estimation
      $18,695,000
      42,603 SF

      3131-3133 Long Bch Rd

      SHOPPING CENTER, STRIP CENTER • 42,603 SF
      3131-3133 Long Bch Rd, Oceanside, NY 11572
      View Details

    Similar Nearby for Sale

    • $2,180,000
      Pending

      Oceanside Commercial Strip Center For Sale

      Strip center in prime location with established tenants and parking.
      2873-2879 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $2,180,000
      Pending

      Prime Location Strip Center

      Strip center in prime location with established tenants.
      2873-2879 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $2,388,000
      4,616 SF

      Oceanside Retail Building - High Traffic!

      Prime Oceanside location, 4,616 sq ft restaurant/bar.
      3451 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $1,800,000
      2,400 SF

      Oceanside Auto Shop Investment

      Prime Long Beach Rd location, high-revenue auto repair shop.
      3345 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $290,000

      Turnkey Restaurant Business For Sale

      Turnkey restaurant with liquor license, seating, and high visibility.
      2757 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $1,850,000
      6,000 SF

      Oceanside Retail Opportunity For Sale

      6,000 SF commercial property in high-traffic Oceanside location.
      200 Atlantic Ave, Oceanside, NY 11572
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Retail Space in Oceanside Plaza

      Retail space available in a fully leased neighborhood strip center.
      3153-3199 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      4,609 SF

      Retail Space in Oceanside

      Retail property with ample parking and high traffic volume.
      14-70 Atlantic Ave, Oceanside, NY 11572
      View Details
    • Contact for pricing
      64,640 SF

      Oceanside Medical Office Space For Lease

      Prime Oceanside Retail & Medical Space Available
      70 Atlantic Ave, Oceanside, NY 11572
      View Details
    • Contact for pricing
      20,100 SF

      Retail Space in Oceanside Plaza

      Retail spaces available in shopping center anchored by major retailers.
      3600-3650 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Oceanside Center

      Retail space available in shopping center anchored by major retailers.
      3544-3584 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      4,000 SF

      Oceanside Retail Pad Site Available

      Retail pad site available in Oceanside, close to Sunrise Highway.
      3644 Long Beach Rd, Oceanside, NY 11572
      View Details
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    Oceanside, NY 11572-5701
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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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