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Property profile & analytics
OFF-MARKET
Investment properties

440 William Floyd Pkwy Shirley, NY 11967-3454

0.28 ac lot
Individually Owned 9-yr Hold Free & Clear
Property ID
US63-5977409
Property summary
AI-generated overview

This exceptional 2,556 square foot industrial building, located at 440 William Floyd Pkwy in Shirley, NY, presents a unique investment opportunity. Situated on a 0.28-acre lot in a high-traffic area, this property benefits from its location on one of Long Island's busiest commuter and tourism corridors, boasting consistently high daily vehicle traffic counts. The building is strategically positioned near numerous nationally branded quick-service restaurants and retail establishments, ensuring high visibility and accessibility. Currently housing a stabilized food service tenant under a ten-year lease with annual CPI increases, this property offers a strong, predictable income stream. The property has undergone a complete interior and exterior renovation, including a new kitchen, Ansul system, HVAC, flooring, dining areas, roofing, parking lot, landscaping, and facade, eliminating any deferred maintenance for the new owner. The building features two crosswalks leading directly to the property, full sidewalks for pedestrian traffic, a lighted intersection, and prominent lighted building and pylon signage visible from three directions. The unobstructed sightlines from both north and south on William Floyd Parkway further enhance its visibility and appeal. This triple-net (NNN) lease property represents a prime long-term quick-service restaurant asset with significant potential for growth and return on investment.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 0.28 ac (12,197 SF)
APN 0200-967.00-01.00-045.000
UPID US63-5977409
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
  • Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michel S Wang · 9 yrs held
Michel S Wang
since 2017
7 recorded transactions
2017
$1.8M
2017
Price N/A
2016
$1.2M
2005
$400,000
2004
$290,000
2002
$270,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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