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Property profile & analytics
OFF-MARKET
Estimated value
$20,570,000
Manufacturing properties
565 Broadhollow Rd, Farmingdale, NY 11735-4831
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0178179
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Total area
122,440 SF
Lot
5.7 ac (248,292 SF)
Zoning code
G
APN
0100-094.00-02.00-002.003
UPID
US63-0178179
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
-
Broadhollow Psychotherapy PLLC Psychotherapist Doctor
-
Superior Packaging Inc Big Box & Wholesale Store
-
Island Storage Inc Storage Facility
-
3G Warehouse, Inc. Warehouse & Storage
-
Home Market Deals Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.41M
CAP Approach
CAP
$26.75M
Comparable Approach
Comparable
$24.85M
Blend (final)
Blend
$20.57M
Owner & transaction history
56 Nichols LLC · 4 yrs held
56 Nichols LLC
since 2022
Last sale
$20.0M
6 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
$27,635,000
ML approach
$12,410,000
CAP Approach
CAP Return
Estimation
6%
$28,975,000
6.5%
$26,745,000
7%
$24,835,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$30,950,000
Current use
WAREHOUSE, STORAGE
$26,125,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$20.57M
Range $18.51M – $22.63M · ±10% · vs last sale $20.00M (Jan 21 2022)
Last sale anchor
$20.00M
Jan 21 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
$168 / 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
$70,520
Assessed 2023
Previous assessed
$70,520
+0.0% YoY
Assessed land
$24,970
Assessed improvement
$45,550
Land market value
$37,833
Improvement market value
$69,015
Total market value
$106,848
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1963
Heating
NONE
Total area
122,440 SF
Lot
5.7 ac (248,292 SF)
Zoning code
G
APN
0100-094.00-02.00-002.003
UPID
US63-0178179
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
INDUSTRIAL (GENERAL) Current
Est. value
$31.0M
WAREHOUSE, STORAGE
Est. value
$26.1M
INDUSTRIAL (GENERAL) Current
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
1963
Heating
NONE
Lot
5.7 ac
Current owner
From public records · entity-resolved
56 Nichols LLC
Entity
Mailing address
47 W MAIN ST, BABYLON, NY 11702-3423
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
$20,000,000
56 Nichols LLC
Farmingdale Investrs Hldg
Deed
$16,000,000 · Ohio NA Life Ins Co
Nov 16, 2016
—
Farmingdale Investors LLC
—
Deed
related
$7,875,000 · New York Com'l Bk
Aug 16, 2004
$5,000,000
Reb Ltd Liability Co
Dellaboratories INC
Warranty Deed
—
Aug 16, 2004
—
Dellaboratories INC
Owner,record
Warranty Deed
related
—
—
—
Farmingdale Investors LLC
—
Deed Of Trust
related
$4,501,047 · New York Com'l Bk
—
—
Farmingdale Investors LLC
—
Loan Modification, Consolidation And Extension
related
$7,875,000 · New York Com'l Bk
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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