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Property profile & analytics
FOR LEASE
Manufacturing properties
421 Broadway, West Babylon, NY 11704
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0018549
For Lease
1 / 6
$3,000/Mo
421 Broadway, West Babylon, NY 11704
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
6,905 SF
Lot
0.31 ac (13,504 SF)
Zoning code
GA
APN
0100-145.00-05.00-063.001
UPID
US63-0018549
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
-
Moo-Cluck, Corp Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.56M
Owner & transaction history
Broadway Kam Realty LLC · 3 yrs held
Broadway Kam Realty LLC
since 2023
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
GA · West Babylon, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+71.2%
Commercial (general)
$2.2M
+46.4%
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 West Babylon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Babylon 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
$2,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,480,000
Current use
AUTO REPAIR, GARAGE
$2,540,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,170,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,475,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.56M (Feb 15 2023)
Last sale anchor
$1.56M
Feb 15 2023
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
$225 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$6,040
Assessed 2023
Previous assessed
$6,040
+0.0% YoY
Assessed land
$1,390
Assessed improvement
$4,650
Land market value
$2,106
Improvement market value
$7,045
Total market value
$9,151
Applied tax rate
472,003.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1981
Heating
NONE
Total area
6,905 SF
Lot
0.31 ac (13,504 SF)
Zoning code
GA
APN
0100-145.00-05.00-063.001
UPID
US63-0018549
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
GA · West Babylon, NY
Zoning GA · permitted uses
GA · West Babylon, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Babylon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1981
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Broadway Kam Realty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
203 SHERIDAN BLVD, INWOOD, NY 11096-1235
Ownership since
2023
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
Feb 15, 2023
$1,555,000
Broadway Kam Realty LLC
Labriola Properties INC
Deed
—
Mar 24, 2014
$479,000
Labriola Properties INC
Schindel Props Rutgers LLC
Grant Deed
$380,000 · Schindel Properties Rutgers Ll
Dec 22, 2006
—
Properties Rutge Res Schindel
Schindel,alan & Madeline
Quit Claim Deed
related
—
Mar 24, 2006
$750,000
Schindel M
53 West Main St Corp
Grant Deed
—
Feb 4, 2004
$385,000
53 West Main St Corp
Benci Realty INC
Grant Deed
—
Oct 10, 2000
$20,500
Benci Realty INC
Duryee,charles F
Grant Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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