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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4584 Austin Blvd Island Park, NY 11558-1621

    • Office buildings
    • 130 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $65,000
    Show details
    Cap Rate Potential
    3.5%
    Office buildings
    Location Intelligence
    Property ID
    US63-0081803
    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.

    Current Use by Public Records

    • Building Homes For Heroes / Non-Profit Organization / Home Builder

    Property Details for 4584 Austin Blvd

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    130 SF
    Property type
    Office buildings
    APN
    43-053-00-0009
    APU
    43053000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $70,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $57,000
      Market price range: $2,300 - $57.6k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $90,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $115,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $85,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $85,000
      Change: -8% Conversion: Easy
      RETAIL STORES
      $75,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Island Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6544
    Latitude
    40.6007
    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
    2023
    $29,754
    $888
    $7,806
    $8,694
    -
    $0.00
    $0.00
    $869,400

    Comparable in this City

    • Value Estimation by Request
      2,366 SF

      4042 Austin Blvd

      OFFICE BUILDING • 2,366 SF
      4042 Austin Blvd, Island Park, NY 11558-1226
      View Details
    • Value Estimation
      $145,000
      6,008 SF

      4160 Industrial Pl

      OFFICE BUILDING • 6,008 SF
      4160 Industrial Pl, Island Park, NY 11558-1659
      View Details
    • Value Estimation
      $295,000
      816 SF

      99 Warwick Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 816 SF
      99 Warwick Rd, Island Park, NY 11558-1431
      View Details
    • Value Estimation
      $1,145,000
      3,976 SF

      2 Waterford Rd

      OFFICE BUILDING • 3,976 SF
      2 Waterford Rd, Island Park, NY 11558-1022
      View Details
    • Value Estimation by Request
      1,519 SF

      3896 Long Bch Rd

      OFFICE BUILDING • 1,519 SF
      3896 Long Bch Rd, Island Park, NY 11558-1138
      View Details
    • Value Estimation
      $985,000
      1,482 SF

      4454 Austin Blvd

      PROFESSIONAL BUILDING (MULTI-STORY) • 1,482 SF
      4454 Austin Blvd, Island Park, NY 11558-1621
      View Details

    Similar Nearby for Sale

    • $719,999
      Pending

      Updated Two-Family Home in Island Park

      Charming, legal two-family home in Island Park, Nassau County, NY.
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    • $1,950,000

      Island Park Land For Sale

      Commercial land available in Island Park, New York.
      4435 Austin Blvd, Island Park, NY 11558
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    • $1,750,000
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      Waterfront Land Development Opportunity

      Waterfront land for townhouse development with approvals in place.
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    • $1,100,000

      High Visibility Commercial Lot

      Commercial land with high visibility, suitable for various businesses.
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    • $874,999

      Renovated Two-Family Home Near LIRR

      Two renovated units with private outdoor spaces and income potential.
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      Legal two-family home with basement and tenant-occupied apartment.
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    Similar Nearby for Lease

    • $4,250 /Mo

      Renovated Office Space Available

      Turn-key office space with complete build-out and modern amenities.
      161 L Long Bch, Island Park, NY 11558
      View Details
    • $2,200 /Mo
      3,836 SF

      Island Park Warehouse/Office Space

      Warehouse and office space available for lease in Island Park.
      46 Alabama Ave, Island Park, NY 11558
      View Details
    • $4,250 /Mo

      Island Park Office Space Available

      Renovated office space with street entrance in Island Park.
      161 L Long Bch, Island Park, NY 11558
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Island Park

      Retail space available in shopping center anchored by Ace Hardware.
      15 Texas Ave, Island Park, NY 11558
      View Details
    • Contact for pricing
      7,000 SF

      Industrial Warehouse Space For Lease

      7,000 SF industrial warehouse space available for lease.
      2 Pettit Pl, Island Park, NY 11558
      View Details
    • $20 SF/Yr
      7,600 SF

      Island Park Warehouse Space Available

      7,600 SF warehouse space for rent in Island Park.
      4290 Industrial Pl, Island Park, NY 11558
      View Details
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    4584 Austin Blvd
    Island Park, NY 11558-1621
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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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