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    Property profile & analytics

    551 Rte 111 Smithtown, NY 11788-4350

    • Drive through restaurants
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Sep 21, 2020
    $407,500
    Location Intelligence
    Property ID
    US63-3972454
    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

    • Drive through restaurants

    Property Details for 551 Rte 111

    Lot size
    1.15 lot acres
    Property type
    Drive through restaurants
    APN
    0800-156.00-02.00-015.001
    APU
    800156000200015001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.2004
    Latitude
    40.8266
    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
    $1,520
    $8,980
    $10,500
    -
    $1,747
    $10,322
    $12,069

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      519 Rte 111

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.41 Acres
      519 Rte 111, Hauppauge, NY 11788-4390
      View Details
    • Value Estimation by Request
      1.00 Acre

      352 Motor Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.00 Acre
      352 Motor Pkwy, Hauppauge, NY 11788-5133
      View Details
    • Value Estimation by Request
      0.48 Acres

      2104 Joshuas Path

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.48 Acres
      2104 Joshuas Path, Hauppauge, NY 11788-5619
      View Details
    • Value Estimation by Request
      0.51 Acres

      501 Veterans Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.51 Acres
      501 Veterans Hwy, Hauppauge, NY 11788
      View Details
    • Value Estimation by Request
      0.88 Acres

      1275 Veterans Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.88 Acres
      1275 Veterans Hwy, Hauppauge, NY 11788-3024
      View Details
    • Value Estimation by Request
      0.81 Acres

      517 Rte 111

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.81 Acres
      517 Rte 111, Smithtown, NY 11788-4338
      View Details

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    Similar Nearby for Lease

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      20,700 SF

      Hauppauge Retail Center - For Lease

      Prime Hauppauge Shopping Center: Multiple Suites Available
      536 Ny-111, Hauppauge, NY 11788
      View Details
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    551 Rte 111
    Smithtown, NY 11788-4350
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    Realmo Value Estimation

    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.

    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.

    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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