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

    380 Main St Farmingdale, NY 11735-3573

    • Investment properties
    • 11,799 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2021
    $4,837,117
    Value Estimations
    $4,950,000
    Show details
    Cap Rate Potential
    3.2%
    Investment properties
    Location Intelligence
    Property ID
    US63-3449154
    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

    • United States Postal Service / Shipping And Mailing Service / Post Office
    • Flawless Events & Services, Inc. / Party Supply Store / Rental Equipment Company
    • Total Optical Supplies / Production Facility
    • 360 Photo Booth Long Island / Photography Service / Party Supply Store
    • NYS Park Police PBA / Association Or Organization

    Property Details for 380 Main St

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.67 lot acres
    Property size
    11,799 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    49-102-00-0037
    APU
    49102000037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,120,000
      ML approach
      $6,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,258,000
      Market price range: $3.57M - $12.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,640,000
      Current use
      AUTO REPAIR, GARAGE
      $7,755,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $6,725,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Nassau
    State
    New York
    Longitude
    -73.4459
    Latitude
    40.7305
    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
    $97,732
    $7,193
    $9,724
    $16,917
    -
    $0.00
    $0.00
    $1,691,700

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      765 Fulton St

      STORE/OFFICE (MIXED USE) • 3,200 SF
      765 Fulton St, Farmingdale, NY 11735-3602
      View Details
    • Value Estimation by Request
      660 SF

      585 Main St

      STORE/OFFICE (MIXED USE) • 660 SF
      585 Main St, Farmingdale, NY 11735-4127
      View Details
    • Value Estimation
      $1,000,000
      1,788 SF

      621 Fulton St

      STORE/OFFICE (MIXED USE) • 1,788 SF
      621 Fulton St, Farmingdale, NY 11735-3427
      View Details
    • Value Estimation
      $640,000
      1,605 SF

      5002 Hempstead Tpke

      STORE/OFFICE (MIXED USE) • 1,605 SF
      5002 Hempstead Tpke, Farmingdale, NY 11735-2022
      View Details
    • Value Estimation
      $695,000
      4,000 SF

      48 Motor Ave

      STORE/OFFICE (MIXED USE) • 4,000 SF
      48 Motor Ave, Farmingdale, NY 11735-4035
      View Details
    • Value Estimation by Request
      5,280 SF

      72 Motor Ave

      STORE/OFFICE (MIXED USE) • 5,280 SF
      72 Motor Ave, Farmingdale, NY 11735-4028
      View Details

    Similar Nearby for Sale

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      Pending

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      View Details
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      Farmingdale Mixed-Use Investment Opportunity

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      Farmingdale Mixed-Use Building For Sale

      Mixed-use building in Farmingdale with storefront, parking, and loading dock.
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      View Details
    • $4,900,000
      21,907 SF

      Prime Industrial Building For Sale

      Free-standing industrial building ideal for warehouse or distribution use.
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      Farmingdale Co-op with Parking

      Charming 1-bedroom co-op near Farmingdale's vibrant Main Street.
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      Farmingdale Warehouse - $2.48M

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    Similar Nearby for Lease

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      12,000 SF

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      12,000 SF warehouse featuring drive-through access and mezzanine space.
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    • $19 SF/Yr
      25,200 SF

      Farmingdale Industrial Space for Lease

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      122,000 SF

      Farmingdale Warehouse and Distribution Space

      122,000 SF warehouse/distribution space with 4,100 SF office.
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    • $9 SF/Yr

      Farmingdale Industrial Land for Rent

      Industrial land available for rent in Farmingdale, New York.
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    • Contact for pricing
      449,684 SF

      Airport Plaza Executive Suites

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      View Details
    • $18 SF/Yr
      5,600 SF

      Farmingdale Warehouse with Fenced Yard

      5,600 SF free-standing building with fenced yard for lease.
      55 Rome St, Farmingdale, NY 11735
      View Details
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    380 Main St
    Farmingdale, NY 11735-3573
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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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