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Property profile & analytics
FOR LEASE
Manufacturing properties
45 S Service Rd, Plainview, NY 11803
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0138692
For Lease
1 / 2
$2,970,000
45 S Service Rd, Plainview, NY 11803
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1963
Construction
FRAME
Total area
5,084 SF
Lot
6.7 ac (291,852 SF)
APN
13-088-00-0031
UPID
US63-0138692
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
-
Harninder K. Ranu, RPH Pharmacy
-
Gary Kelly, R Pharmacy
-
New York Lottery Customer Service Center State Government Office
-
Coram CVS/specialty Infusion Services Medical Clinic
-
Beth Mandel Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
45 S Svc Cw Nf LLC · 6 yrs held
45 S Svc Cw Nf LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+47.2%
Neighborhood: shopping center
$4.5M
+45.4%
Commercial (general)
$4.2M
+35.7%
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
INDUSTRIAL (GENERAL)
$3,065,000
Current use
RESTAURANT
$4,515,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,460,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,160,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$3,975,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,340,000
Change: +9% · Conversion: Easy
RETAIL STORES
$2,895,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$584 / 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
Tax billed
$610,956
Tax year 2023
Assessed value
$81,100
Assessed 2023
Previous assessed
$85,600
-5.3% YoY
Effective rate
753.34%
On assessed value
Assessed land
$46,661
Assessed improvement
$34,439
Total market value
$8,110,000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
For Lease
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
5,084 SF
Lot
6.7 ac (291,852 SF)
APN
13-088-00-0031
UPID
US63-0138692
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
6.7 ac
Current owner
From public records · entity-resolved
45 S Svc Cw Nf LLC
Entity
Mailing address
111 GREAT NCK RD STE #408, GREAT NECK, NY 11021-5404
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
—
1800 Walt Whitman Cw Nf LLC
—
Deed
related
$890,000 · Valley Bank
Mar 3, 2020
—
45 S Svc Cw Nf LLC
45 S Svc Cw Nf LLC
Quit Claim Deed
related
$37,057,500 · Bbva USA
Dec 28, 2005
$11,500,000
45 South Service Cw Nf LLC
45 South Service Road LLC
Grant Deed
related
—
—
—
45 South Service Road LLC
—
Deed Of Trust
related
$622,684 · New York Urban Servicing Co In
—
—
125 E Bethpage Cw Nf LLC
—
Loan Modification, Consolidation And Extension
related
$37,057,500 · Bbva USA
—
—
125 E Bethpage Cw Nf LLC
—
Deed Of Trust
related
$37,057,500 · Compass Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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