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    510 Park Blvd Massapequa Park, NY 11762-3046
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    Property profile & analytics

    510 Park Blvd Massapequa Park, NY 11762-3046

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    • Investment properties
    • 1,820 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US63-2731367
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Infinity Records Ltd / (Bike/Boat/Book/etc) Store

    Property Details for 510 Park Blvd

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    1,820 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    57-061-00-0250
    APU
    57061000250

    Description

    This exceptional mixed-use investment property, located at 510-514 Park Blvd in Massapequa Park, NY 11762, presents a compelling opportunity for discerning investors. The property encompasses a 7,216 square foot building featuring three storefronts, ideally suited for a variety of retail or office uses. Its prime location, just off Sunrise Highway, ensures high visibility and accessibility, attracting significant foot traffic and convenient access for customers and employees. The property also includes a valuable asset: an eleven-space parking lot, addressing the crucial need for convenient parking in a busy commercial area. The asking price for this lucrative investment is $1,700,000. This three-storefront strip offers a strong potential for rental income and appreciation, making it an attractive addition to any commercial real estate portfolio. The property's strategic location in Nassau County, New York, within the vibrant Massapequa Park community, further enhances its investment appeal. This is a rare opportunity to acquire a well-positioned, income-generating property in a thriving market. The combination of high visibility, ample parking, and multiple retail spaces makes this a truly exceptional investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa Park
    County
    Nassau
    State
    New York
    Longitude
    -73.4568
    Latitude
    40.6766
    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
    2024
    $6,589
    $1,198
    $1,256
    $2,454
    -
    $0.00
    $0.00
    $245,400

    Comparable in this City

    • Value Estimation
      $555,000
      1,600 SF

      85 Grand Blvd

      STORE/OFFICE (MIXED USE) • 1,600 SF
      85 Grand Blvd, Massapequa Park, NY 11762-2532
      View Details
    • Value Estimation
      $1,110,000
      6,175 SF

      1039-1043 Park Blvd

      STORE/OFFICE (MIXED USE) • 6,175 SF
      1039-1043 Park Blvd, Massapequa Park, NY 11762
      View Details
    • Value Estimation
      $595,000
      3,300 SF

      8 Hbr Ln

      STORE/OFFICE (MIXED USE) • 3,300 SF
      8 Hbr Ln, Massapequa Park, NY 11762-3802
      View Details
    • Value Estimation
      $5,260,000
      6,325 SF

      4950 Sunrise Hwy

      STORE/OFFICE (MIXED USE) • 6,325 SF
      4950 Sunrise Hwy, Massapequa Park, NY 11762-2904
      View Details
    • Value Estimation
      $995,000
      2,241 SF

      1045-1049 Park Blvd

      STORE/OFFICE (MIXED USE) • 2,241 SF
      1045-1049 Park Blvd, Massapequa Park, NY 11762
      View Details
    • Value Estimation
      $730,000
      4,550 SF

      8 Hbr Ln

      STORE/OFFICE (MIXED USE) • 4,550 SF
      8 Hbr Ln, Massapequa Park, NY 11762-3802
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      725 SF

      Executive Suites, Massapequa Park

      Prime Office Space, Two Suites Available
      125 Front St, Massapequa Park, NY 11762
      View Details
    • $4,000 /Mo
      1,100 SF

      Retail Space in Massapequa Park

      Retail space available in Massapequa Park, approximately 1,100 SF.
      4732-4736 Sunrise Hwy, Massapequa Park, NY 11762
      View Details
    • Contact for pricing
      360 SF

      Massapequa Park Retail/Office Space

      Retail and office space across from LIRR train station.
      1000-1004 Park Blvd, Massapequa Park, NY 11762
      View Details
    • $3,950 /Mo
      12,959 SF

      Massapequa Park Commercial Office Space

      Commercial office space in the heart of Massapequa Park.
      1035 Park Blvd, Massapequa Park, NY 11762
      View Details
    • Contact for pricing
      13,000 SF

      Massapequa Park Retail Space Available

      13,000 SF retail space with elevator access and parking.
      5300 Sunrise Hwy, Massapequa Park, NY 11762
      View Details
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    Massapequa Park, NY 11762-3046
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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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