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Property profile & analytics
OFF-MARKET
Commercial land
440 Expy S Dr Medford, NY 11763-2504
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-5311275
Property summary
AI-generated overview
This exceptional 30.083-acre commercial and industrial land parcel presents a remarkable development opportunity. Strategically situated on Expressway Drive South in Medford, New York, this property boasts approximately 800 feet of frontage along the Long Island Expressway South Service Road, benefiting from daily traffic counts exceeding 120,000 vehicles. The L1 zoning permits a wide range of approved uses, making it ideal for various commercial and industrial projects. Its prime location within a strong demographic area is further enhanced by its proximity to numerous national and local retailers. This site offers unparalleled visibility and accessibility, making it an attractive investment for developers seeking a high-impact location. The property is identified as Town of Brookhaven District 200, Section 736, Block 1.0. Contact us for pricing and further details.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
30.05 ac (1,308,978 SF)
APN
0200-736.00-01.00-002.002
UPID
US63-5311275
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
-
The Brookhaven Fair at The Fairgrounds (Annual) Tour Operator Campground & RV Park
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
Suffolk Regl Off-track Betting · 5 yrs held
Suffolk Regl Off-track Betting
since 2020
2 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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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 2020Property tax & assessments
Tax year 2020
Assessed value
$15,350
Assessed 2023
Previous assessed
$15,350
+0.0% YoY
Assessed land
$15,350
Land market value
$28,426
Total market value
$28,426
Applied tax rate
472,224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
30.05 ac (1,308,978 SF)
APN
0200-736.00-01.00-002.002
UPID
US63-5311275
Jurisdiction
SUFFOLK
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
Heating
NONE
Lot
30.05 ac
Current owner
From public records · entity-resolved
Suffolk Regl Off-track Betting
Individual
Mailing address
5 DAVIDS DR, HAUPPAUGE, NY 11788-2004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
—
Suffolk Regl Off-track Betting
—
Deed
related
$6,800,000 · Entrepreneur Growth Cap LLC
—
—
Suffolk Regl Off-track Betting
—
Deed Of Trust
related
$6,800,000 · Entrepreneur Growth Cap LLC
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.
Try Rey
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