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Property profile & analytics
FOR LEASE
Office buildings
45 Executive Dr, Plainview, NY 11803
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-0237558
For Lease
1 / 2
$4,290,000
45 Executive Dr, Plainview, NY 11803
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,638 SF
Lot
2.31 ac (100,624 SF)
APN
13-098-00-0023
UPID
US63-0237558
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
-
NFP, an Aon company Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.29M
Owner & transaction history
45 Owners Limited Liability Company · 12 yrs held
45 Owners Limited Liability Company
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+13.6%
Neighborhood: shopping center
$4.9M
+12.2%
Commercial (general)
$4.6M
+4.7%
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 Plainview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainview 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,405,000
Current use
RESTAURANT
$5,005,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,945,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,615,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,705,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$761 / SF
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 2023Property tax & assessments
Tax year 2023
Assessed value
$54,820
Assessed 2023
Previous assessed
$54,820
+0.0% YoY
Assessed land
$22,640
Assessed improvement
$32,180
Total market value
$5,482,000
Applied tax rate
579.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
5,638 SF
Lot
2.31 ac (100,624 SF)
APN
13-098-00-0023
UPID
US63-0237558
Jurisdiction
NASSAU
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.4M
RESTAURANT
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.7M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.31 ac
Current owner
From public records · entity-resolved
45 Owners Limited Liability Company
Entity
Mailing address
45 EXECUTIVE DR, PLAINVIEW, NY 11803-1703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2014
$11,050,000
45 Owners Limited Liability Company
45 Executive Limited Liability Comp
Bargain And Sale Deed
—
Oct 27, 2009
—
45 Exec LLC
Lbcmt 1998 -c4 Executive Drive
Grant Deed
—
Jun 11, 2009
$13,038,692
1998-c4 Lbcmt Executive
Referee Of Nassau County
Trustees Deed
—
—
—
45 Excec LLC
—
Deed Of Trust
related
$1,513,758 · Td Bank NA
—
—
45 Exec LLC
—
Deed Of Trust
related
$8,500,000 · Td Bank NA
—
—
45 Owners LLC
—
Deed Of Trust
related
$1,100,000 · Td Bk NA
—
—
Bwd Group LLC
—
Deed Of Trust
related
—
—
—
45 Exec LLC
—
Deed Of Trust
related
$1,360,000 · Td Bank NA
—
—
45 Excec LLC
—
Deed Of Trust
related
$1,513,758 · Td Bank NA
—
—
T A T Property
—
Deed Of Trust
related
$1,920,372 · Legg Mason Dorman & Wilson INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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