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Property profile & analytics
OFF-MARKET
Investment properties
375 Plandome Rd, Manhasset, NY 11030-1940
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-3487536
Property summary
AI-generated overview
This exceptional investment opportunity presents a 1,582 square foot Starbucks located at 375 Plandome Road in Manhasset, New York, 11030. The property is a single-unit, net lease retail space classified as QSR/Fast Food and Storefront. The asking price is $2,300,000, translating to a price per square foot of $1,453.86. This prime location benefits from convenient on-site parking, a significant advantage for customers and operational efficiency. The property's strategic positioning is further enhanced by its proximity to the Manhasset Long Island Rail Road (LIRR) station, just one block to the north, ensuring high visibility and accessibility. The investment is secured by a corporate guarantee, providing added financial stability and mitigating risk. This represents a compelling opportunity for investors seeking a strong, established tenant in a high-traffic area with seller financing available. The property is situated in Nassau County within a thriving commercial district. This Starbucks offers a stable income stream and significant potential for long-term appreciation.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Construction
FRAME
Total area
405 SF
Lot
0.13 ac (5,616 SF)
APN
03-045-00-0114
UPID
US63-3487536
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shelterhill Management LLC · 1 yrs held
Shelterhill Management LLC
since 2025
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Manhasset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhasset 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,046
Tax year 2023
Assessed value
$2,649
Assessed 2023
Previous assessed
$2,649
+0.0% YoY
Effective rate
492.49%
On assessed value
Assessed land
$2,649
Total market value
$264,900
Applied tax rate
747.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
405 SF
Lot
0.13 ac (5,616 SF)
APN
03-045-00-0114
UPID
US63-3487536
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
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Shelterhill Management LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2171 STEINWAY ST, LONG ISLAND CITY, NY 11105-1804
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
$2,100,000
Shelterhill Management LLC
Nikay Enterprises LLC
Bargain & Sale Deed
—
Aug 19, 2013
$2,200,000
Nikay Ents LLC
375 Plandome Rd Operating Corp
Grant Deed
—
—
—
Nikay Ents LLC
—
Deed Of Trust
related
$2,200,000 · Astoria Federal Savings
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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