Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    426 Plandome Rd Manhasset, NY 11030-1943
    Property profile & analytics

    426 Plandome Rd Manhasset, NY 11030-1943

    View on Map
    • Theaters & concert halls
    • 160 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US63-3342202
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Globus Coffee LLC / Restaurant / Cafe & Coffee Shop

    Property Details for 426 Plandome Rd

    Year built
    1936
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    160 SF
    Property type
    Theaters & concert halls
    APN
    03-071-00-0307
    APU
    3071000307

    Description

    This fee-simple, 14,552 square foot retail storefront in Manhasset, NY, presents a unique value-add redevelopment opportunity. Located at 426 Plandome Rd, this two-story, 1936-built building boasts a 100% occupancy rate across three tenants, all on month-to-month leases, offering immediate flexibility. The property features a fully operational, two-story movie theater with a liquor license, adding significant income potential. The building's prime corner location is within walking distance of the Manhasset LIRR train station, benefiting from excellent accessibility and strong demographics. The median income within a 5-mile radius exceeds $200,000, and the area's population surpasses 330,000 residents. The corner stores are ideally suited for restaurant use, and the second-floor theater provides access to a rooftop area above the first floor. This property is a rare find, offering substantial upside for a savvy investor seeking a prime redevelopment project in a thriving Long Island community. The building is situated in Nassau County, NY, zip code 11030. The lease type is net, with a remaining lease term of one year.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhasset
    County
    Nassau
    State
    New York
    Longitude
    -73.6995
    Latitude
    40.7986
    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
    $65,229
    $7,160
    $9,027
    $16,187
    -
    $0.00
    $0.00
    $1,618,700

    Comparable in this City

    • Value Estimation by Request
      17,896 SF

      200 Long Is Expy

      COUNTRY CLUB • 17,896 SF
      200 Long Is Expy, Manhasset, NY 11030-4102
      View Details
    • Value Estimation by Request
      47.05 Acres

      Service Rd

      COUNTRY CLUB • 47.05 Acres
      Service Rd, Manhasset, NY 11030
      View Details
    • Value Estimation by Request
      10,500 SF

      223 Vly Rd

      COUNTRY CLUB • 10,500 SF
      223 Vly Rd, Manhasset, NY 11030
      View Details
    • Value Estimation by Request
      4,229 SF

      145 Stonytown Rd

      COUNTRY CLUB • 4,229 SF
      145 Stonytown Rd, Manhasset, NY 11030-1131
      View Details
    • Value Estimation by Request
      5,100 SF

      1 Stonytown Rd

      COUNTRY CLUB • 5,100 SF
      1 Stonytown Rd, Manhasset, NY 11030-1117
      View Details
    • Value Estimation by Request
      8,867 SF

      300 Long Is Expy

      COUNTRY CLUB • 8,867 SF
      300 Long Is Expy, Manhasset, NY 11030-4101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Manhasset Retail Building with Parking

      Free-standing retail building in Manhasset with parking and income.
      42 Orchard St, Manhasset, NY 11030
      View Details
    • $1,490,000
      Pending

      Manhasset Commercial Property For Sale

      Commercial property in prime Manhasset business section, close to train.
      160 Plandome Rd, Manhasset, NY 11030
      View Details
    • Contact for pricing
      3,253 SF

      Manhasset Office Space Available

      Office space for sale in the heart of Manhasset.
      513-545 Plandome Rd, Manhasset, NY 11030
      View Details
    • $1,200,000
      Pending

      Retail Space with Wine Cellar

      Thriving retail property with wine cellar in prime location.
      21 E Shr Rd Rd, Manhasset, NY 11030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      180,948 SF

      Manhasset Executive Office Suites

      Prime Manhasset Office Space Available
      0 Northern Blvd. & Shelter Rock Rd, Manhasset, NY 11030
      View Details
    • Sponsored
      Contact for pricing

      Manhasset

      Discover many ways to work your way in Hicksville
      1129 Northern Blvd, Manhasset, NY 11030
      View Details
    • Contact for pricing
      900 SF

      Manhasset Office Space For Rent

      900 SF office space near LIRR and shopping.
      28 Locust St, Manhasset, NY 11030
      View Details
    • Contact for pricing
      1,722 SF

      Manhasset Retail Space For Rent

      Retail opportunity on Miracle Mile with dedicated parking.
      1516-1524 Northern Blvd, Manhasset, NY 11030
      View Details
    • Contact for pricing

      Medical/Office Space Gold Coast Location

      Medical/Office space for lease in Gold Coast location.
      1350 Northern Blvd, Manhasset, NY 11030
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    426 Plandome Rd
    Manhasset, NY 11030-1943
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    426 Plandome Rd, Manhasset, NY, 11030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!