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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Showrooms
56 Toledo St, Farmingdale, NY 11735-6621
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0233412
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1966
Total area
4,592 SF
Lot
0.26 ac (11,385 SF)
Zoning code
G
APN
0100-095.00-04.00-029.000
UPID
US63-0233412
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$920k
Blend (final)
Blend
$935k
Owner & transaction history
56 Toleon Reet LLC · 3 yrs held
56 Toleon Reet LLC
since 2022
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
G · Farmingdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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
$920,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,380,000
Current use
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $950k (Nov 23 2022)
Last sale anchor
$950k
Nov 23 2022
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
$204 / 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
$4,880
Assessed 2023
Previous assessed
$4,880
+0.0% YoY
Assessed land
$1,150
Assessed improvement
$3,730
Land market value
$1,742
Improvement market value
$5,652
Total market value
$7,394
Applied tax rate
282,422.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1966
Heating
NONE
Total area
4,592 SF
Lot
0.26 ac (11,385 SF)
Zoning code
G
APN
0100-095.00-04.00-029.000
UPID
US63-0233412
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
G · Farmingdale, NY
Zoning G · permitted uses
G · Farmingdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
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
1966
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
56 Toleon Reet LLC
Entity
Mailing address
50 TOLEDO ST, FARMINGDALE, NY 11735-6621
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$930,000
56 Toleon Reet LLC
Brelexa Realty Corp
Deed
—
Feb 14, 2003
$330,000
Brelexa Realty Corp
Hirschberger,jessie
Grant Deed
—
Feb 14, 2003
—
Jesse Hirschberger
Hirschbeger,tr
Quit Claim Deed
related
—
—
—
Brelexa Realty Corp
—
Deed Of Trust
related
$330,000 · Jessie Hirschberger
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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