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    454 Main St Islip, NY 11751
    Property profile & analytics

    454 Main St, Islip, NY 11751

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    • Investment properties
    • 0.12 lot acres
    For Lease
    $1,650,000
    View Listing →
    Downtown Retail End Cap Space For Lease
    $1,650,000
    1,400 SF

    Downtown Retail End Cap Space

    Highly visible retail space in the heart of downtown.

    454 Main St, Islip, NY
    View Listing
    Property ID
    US63-1869605
    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
    $1,650,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yankee Doodle Dandy's / Restaurant

    Property Details for 454 Main St

    Lot size
    0.12 lot acres
    Zone code
    BD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0500-370.00-03.00-044.000
    APU
    500370000300044000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 21, 2023 $1,560,000 Cj Select LLC North Wind Properties LLC Deed —

    Description

    This exceptional retail space, located at 454 Main Street in Islip, New York, presents a fantastic opportunity for a discerning business. The property is a single-suite commercial building totaling 2,015 square feet, with 1,250 square feet currently available for lease. Situated in Suffolk County, zip code 11751, this property enjoys a high-visibility location on Main Street, offering excellent exposure to potential customers. The building's classification is retail, and the tenancy is multiple, although currently only one suite is available. This presents a unique chance to establish a strong presence in a thriving community. The property's convenient location and ample square footage make it ideal for a variety of retail businesses. The address is easily accessible, providing convenient access for both customers and employees. This is a rare opportunity to secure a well-positioned retail space in a desirable area of Islip, New York. Serious inquiries are encouraged to explore this promising commercial real estate offering. The property is ready for immediate occupancy. Contact us today to schedule a viewing and discuss lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,665,000
      ML approach
      $1,630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Islip
    County
    Suffolk
    State
    New York
    Longitude
    -73.215
    Latitude
    40.7287
    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
    2020
    $0.00
    $15,000
    $50,400
    $65,400
    -
    $206,044
    $692,308
    $898,352

    Comparable in this City

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      521 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      521 Main St, Islip, NY 11751
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    • Value Estimation
      $1,555,000
      0.15 Acres

      443 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      443 Main St, Islip, NY 11751-3536
      View Details
    • Value Estimation
      $1,255,000
      0.53 Acres

      2232 Sunrise Hwy

      OFFICE/RESIDENTIAL (MIXED USE)
      2232 Sunrise Hwy, Islip, NY 11751-2027
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    • Value Estimation by Request
      0.05 Acres

      488 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      488 Main St, Islip, NY 11751-3518
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    • Value Estimation by Request
      0.12 Acres

      479 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      479 Main St, Islip, NY 11751-3536
      View Details

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    View Listing
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    Islip, NY 11751
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    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
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