Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    489 Johnson Ave Bohemia, NY 11716-2609

    • Office buildings
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3498864
    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

    • Latest Technology Computing / Electronics & Wireless Store
    • Interior Resources Inc / Interior Design / Home Decor Store
    • Kitchen Masters Plus / Hardware & Home Improvement / Kitchen & Bath Showroom
    • G & AT Distributors Inc. / Restaurant
    • Oakwood Automation Systems / Electronics & Wireless Store

    Property Details for 489 Johnson Ave

    Lot size
    0.04 lot acres
    Zone code
    IND1
    Property type
    Office buildings
    APN
    0500-192.00-02.00-023.000
    APU
    500192000200023000

    Description

    This exceptional commercial condominium is situated within the MacArthur Business Complex, boasting a highly desirable location directly on the main thoroughfare leading to MacArthur Airport. The property presents a unique investment opportunity for businesses seeking high visibility and convenient access to a major transportation hub. While the exact square footage is not currently specified, the unit's prime placement ensures significant exposure to a substantial daily traffic volume. Its strategic position within the MacArthur Business Complex offers the benefit of shared amenities and a thriving business community. The asking price for this commercial condo is $439,000, representing a compelling entry point into a robust and established market. The property's location on a main road guarantees excellent visibility and accessibility for customers and clients. This makes it an ideal space for a variety of commercial ventures, from retail establishments to professional offices. Serious inquiries are encouraged to explore the potential of this exceptional commercial property and its significant growth opportunities within the dynamic MacArthur Business Complex. The property is located in Bohemia, NY, offering easy access to major transportation routes and a strong local economy. Further details regarding the interior space and specific features are available upon request. This is a rare opportunity to acquire a commercial property in a prime location with significant potential for return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bohemia
    County
    Suffolk
    State
    New York
    Longitude
    -73.0924
    Latitude
    40.7743
    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
    $3,800
    $7,600
    $11,400
    -
    $52,198
    $104,396
    $156,594

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      505 Johnson Ave Ste, Unit 1

      OFFICE BUILDING • 0.04 Acres
      505 Johnson Ave Ste, Bohemia, NY 11716-2612
      View Details
    • Value Estimation by Request
      0.04 Acres

      505 Johnson Ave Ste, Unit 2

      OFFICE BUILDING • 0.04 Acres
      505 Johnson Ave Ste, Bohemia, NY 11716-2612
      View Details
    • Value Estimation by Request
      0.04 Acres

      505 Johnson Ave Ste, Unit 5

      OFFICE BUILDING • 0.04 Acres
      505 Johnson Ave Ste, Bohemia, NY 11716-2612
      View Details
    • Value Estimation by Request
      0.07 Acres

      140 Keyland Ct, Unit 6

      OFFICE BUILDING • 0.07 Acres
      140 Keyland Ct, Bohemia, NY 11716-2646
      View Details
    • Value Estimation by Request
      0.05 Acres

      140 Keyland Ct, Unit 8

      OFFICE BUILDING • 0.05 Acres
      140 Keyland Ct, Bohemia, NY 11716-2646
      View Details
    • Value Estimation by Request
      0.02 Acres

      14020 Keyland Ct

      OFFICE BUILDING • 0.02 Acres
      14020 Keyland Ct, Bohemia, NY 11716
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Versatile Warehouse and Office Space

      5,000 SF warehouse and office space with parking.
      1565 Sycamore Ave, Bohemia, NY 11716
      View Details
    • Contact for pricing
      10,000 SF

      Renovated Industrial and Office Units

      Immaculate, renovated 10,000 SF building with office and industrial units.
      30 Floyds Run, Bohemia, NY 11716
      View Details
    • Contact for pricing
      6,000 SF

      6,000 SF Industrial Building

      Industrial building with parking, suitable for contractor, manufacturing, distribution.
      371 Central Ave, Bohemia, NY 11716
      View Details
    • Contact for pricing
      10,000 SF

      Bohemia Warehouse: 10,000 SF

      Industrial building, two units, great investment.
      30 Floyds Run, Bohemia, NY 11716
      View Details
    • $300,000
      4,930 SF

      Bohemia Warehouse Business Opportunity

      4,930 SF warehouse with loading dock and office space.
      30-b Carlough Rd, Bohemia, NY 11716
      View Details
    • $389,995
      1,025 SF

      Ranch Unit in 55+ Community

      Charming end unit with modern amenities in a 55+ community.
      865 Church St, Bohemia, NY 11716
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      24,000 SF

      Bohemia Executive Office Suites

      Prime Long Island Office Space, Flexible Options
      80 Orville Driven, Bohemia, NY 11716
      View Details
    • $600 /Mo

      Renovated Office Suites Near Airport

      Private, renovated office suites with shared amenities near MacArthur Airport.
      608 Johnson Ave, Bohemia, NY 11716
      View Details
    • $14 SF/Yr
      1,050 SF

      Bohemia Office Space Available

      Office space available for lease in Bohemia, New York.
      515 Johnson Ave, Bohemia, NY 11716
      View Details
    • Contact for pricing
      4,114 SF

      Office Space Near MacArthur Airport

      Office space for rent near MacArthur Airport, Long Island.
      640 Johnson Ave, Bohemia, NY 11716
      View Details
    • Contact for pricing
      1,000 SF

      Bohemia Office Space For Rent

      Office space available for rent in Bohemia, New York.
      1650 Sycamore Ave, Bohemia, NY 11716
      View Details
    • $30 SF/Yr
      3,392 SF

      Bohemia Executive Office Suites

      1,650 SF Available, Suffolk County
      1268-1276 Smithtown Ave, Bohemia, NY 11716
      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.
    489 Johnson Ave
    Bohemia, NY 11716-2609
    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.