Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    46 Cherry St Hicksville, NY 11801

    • Distribution centers
    • 3,420 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $1,665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2514935
    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

    • Trinity Lutheran Church Community Garden / Church

    Property Details for 46 Cherry St

    Lot size
    0.45 lot acres
    Property size
    3,420 SF
    Property type
    Distribution centers
    APN
    11-297-00-0025
    APU
    11297000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,720,000
      Current use
      OFFICE BUILDING
      $2,675,000
      Change: +55% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,250,000
      Change: +31% Conversion: Easy
      RETAIL STORES
      $1,950,000
      Change: +13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hicksville
    County
    Nassau
    State
    New York
    Longitude
    -73.532
    Latitude
    40.7515
    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
    $0.00
    $5,124
    $79
    $5,203
    -
    $0.00
    $0.00
    $520,300

    Comparable in this City

    • Value Estimation by Request
      320 SF

      34 Washington Pkwy

      DISTRIBUTION WAREHOUSE • 320 SF
      34 Washington Pkwy, Hicksville, NY 11801-5319
      View Details
    • Value Estimation
      $12,955,000
      42,395 SF

      John St

      DISTRIBUTION WAREHOUSE • 42,395 SF
      John St, Hicksville, NY 11801
      View Details
    • Value Estimation
      $6,670,000
      36,607 SF

      350 Karin Ln

      DISTRIBUTION WAREHOUSE • 36,607 SF
      350 Karin Ln, Hicksville, NY 11801-5360
      View Details
    • Value Estimation
      $10,765,000
      67,925 SF

      300 Karin Ln

      DISTRIBUTION WAREHOUSE • 67,925 SF
      300 Karin Ln, Hicksville, NY 11801-5358
      View Details
    • Value Estimation
      $5,220,000
      32,558 SF

      55 Ludy St

      DISTRIBUTION WAREHOUSE • 32,558 SF
      55 Ludy St, Hicksville, NY 11801-5114
      View Details
    • Value Estimation
      $1,360,000
      6,562 SF

      16 Max Ave

      DISTRIBUTION WAREHOUSE • 6,562 SF
      16 Max Ave, Hicksville, NY 11801-1419
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,120 SF

      Hicksville Industrial Flex Space For Sale

      19,120 SF industrial flex space with user/investor potential.
      359 Duffy Ave, Hicksville, NY 11801
      View Details
    • Contact for pricing
      5,209 SF

      Hicksville Warehouse Space Available

      5,209 SF warehouse space in Hicksville, New York.
      990 S Broadway, Hicksville, NY 11801
      View Details
    • $500,000
      1,320 SF

      Hicksville Gas Station and Garage

      Operating gas station and mechanic shop in busy shopping center.
      178 West Old Country Rd, Hicksville, NY 11801
      View Details
    • $4,979,000

      Hicksville Commercial Building - Prime Location

      Versatile Hicksville Property - High Potential
      8 Duffy Ave, Hicksville, NY 11801
      View Details
    • $100,000
      1,700 SF

      Turnkey Clothing Store Opportunity

      Established clothing store in high-traffic area, ready for immediate operation.
      183 Broadway, Hicksville, NY 11801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,517 SF

      Hicksville Warehouse Space Available

      15,517 square foot warehouse space for lease in Hicksville.
      7 Midland Ave, Hicksville, NY 11801
      View Details
    • Contact for pricing

      Hicksville Industrial Space Available

      9,400 SqFt industrial space for lease in Hicksville, NY.
      100 Lauman Ln, Hicksville, NY 11801
      View Details
    • Contact for pricing
      9,400 SF

      Hicksville Multi-Tenant Office/Industrial Building

      134,000 SF multi-tenant building in central Hicksville, Long Island.
      270 Duffy Ave, Hicksville, NY 11801
      View Details
    • Contact for pricing

      Versatile Space Near Hicksville LIRR

      Adaptable office, medical, or industrial space near transportation.
      87 Bethpage Rd, Hicksville, NY 11801
      View Details
    • Contact for pricing
      58,000 SF

      Hicksville Industrial Building for Rent

      Industrial manufacturing building with office and warehouse space available.
      600 W John St, Hicksville, NY 11801
      View Details
    • New
      Contact for pricing
      2,406 SF

      Hicksville Flex Space Available

      Flex space available for rent in Hicksville, New York.
      69-83 Bloomingdale Rd, Hicksville, NY 11801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Cherry St
    Hicksville, NY 11801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!