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

    40 Smith St Farmingdale, NY 11735-1005

    • Distribution centers
    • 20,000 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2022
    $3,200,000
    Value Estimations
    $3,370,000
    Show details
    Cap Rate Potential
    9.9%
    Distribution centers
    Location Intelligence
    Property ID
    US63-0043292
    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

    • Superior Motion Control / Computer Store

    Property Details for 40 Smith St

    Year built
    1962
    Lot size
    1.06 lot acres
    Property size
    20,000 SF
    Zone code
    GA
    Property type
    Distribution centers
    APN
    0100-002.00-01.00-019.001
    APU
    100002000100019001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,100,000
      ML approach
      $3,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,110,000
      6.5%
      $4,715,000
      7%
      $4,380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,109,000
      Market price range: $3.11M - $6.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,270,000
      Current use
      INDUSTRIAL (GENERAL)
      $5,055,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Suffolk
    State
    New York
    Longitude
    -73.4202
    Latitude
    40.7538
    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
    2020
    $0.00
    $4,770
    $19,260
    $24,030
    -
    $7,227
    $29,182
    $36,409

    Comparable in this City

    • Value Estimation
      $1,270,000
      65,690 SF

      92 Central Ave

      DISTRIBUTION WAREHOUSE • 65,690 SF
      92 Central Ave, Farmingdale, NY 11735-6921
      View Details
    • Value Estimation by Request
      600 SF

      340 Eastern Pkwy, Unit 360

      DISTRIBUTION WAREHOUSE • 600 SF
      340 Eastern Pkwy, Farmingdale, NY 11735-2715
      View Details
    • Value Estimation by Request
      2,204 SF

      270 Fulton St

      DISTRIBUTION WAREHOUSE • 2,204 SF
      270 Fulton St, Farmingdale, NY 11735-2512
      View Details
    • Value Estimation
      $670,000
      21,266 SF

      1885 New Hwy

      DISTRIBUTION WAREHOUSE • 21,266 SF
      1885 New Hwy, Farmingdale, NY 11735-1518
      View Details
    • Value Estimation
      $465,000
      12,636 SF

      361 Eastern Pkwy

      DISTRIBUTION WAREHOUSE • 12,636 SF
      361 Eastern Pkwy, Farmingdale, NY 11735-2713
      View Details
    • Value Estimation
      $920,000
      4,000 SF

      27 Potter St

      DISTRIBUTION WAREHOUSE • 4,000 SF
      27 Potter St, Farmingdale, NY 11735-4250
      View Details

    Similar Nearby for Sale

    • $5,500,000
      20,000 SF

      Farmingdale Warehouse - $5.5M

      20,000 SF Warehouse, High Traffic Area
      220 Broad Hollow Rd, Farmingdale, NY 11735
      View Details
    • $2,485,000
      8,400 SF

      Farmingdale Warehouse - $2.48M

      8,400 SF Industrial Warehouse, Great Location
      136 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • $4,900,000
      21,907 SF

      Prime Industrial Building For Sale

      Free-standing industrial building ideal for warehouse or distribution use.
      160 Finn Ct, Farmingdale, NY 11735
      View Details
    • $1,950,000
      11,000 SF

      Farmingdale Manufacturing Facility For Sale

      Manufacturing facility with heavy power and convenient location.
      97 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      8,400 SF

      Farmingdale Flex Space Opportunity

      Flex space building near LIRR and major routes.
      136 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • $3,900,000
      14,000 SF

      Farmingdale Warehouse with Fenced Lot

      14,000 SF warehouse with retail potential on one acre.
      95 Schmitt Blvd, Farmingdale, NY 11735
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      5,195 SF

      Farmingdale Industrial Property

      5,195 sq ft Manufacturing/Warehouse
      41 Heisser Ln, Farmingdale, NY 11735
      View Details
    • $18 SF/Yr
      145,500 SF

      Farmingdale Warehouse Space Available

      Industrial warehouse space for lease in Farmingdale, NY.
      65 Price Pkwy, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      11,000 SF

      Farmingdale Warehouse: 11,000 SF

      Spacious industrial warehouse for lease.
      130 Marine St, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      22,856 SF

      Farmingdale Warehouse with Multiple Docks

      22,856 SF warehouse featuring interior and exterior loading docks.
      170 Allen Blvd, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      122,000 SF

      Farmingdale Warehouse and Distribution Space

      122,000 SF warehouse/distribution space with 4,100 SF office.
      875-999 Conklin St, Farmingdale, NY 11735
      View Details
    • $14 SF/Yr
      13,000 SF

      Farmingdale Warehouse Space Available

      13,000 square foot warehouse space for lease in Farmingdale.
      27 Sarah Dr, Farmingdale, NY 11735
      View Details

    Property Visit Statistics

    • Visits by month
      7.9k
    • Visitors by month
      5.7k
    • Avg Time on site
      23 min
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    Farmingdale, NY 11735-1005
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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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