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    Property profile & analytics

    651 Pne St Uniondale, NY 11553-3267

    • Auto shops
    • 5,550 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2022
    $615,000
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0101405
    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

    • Autocraft / Auto Repair Shop
    • Classic Auto Repairs, Inc / Auto Repair Shop
    • Cohen Auto Collison Inc. / Auto Repair Shop

    Property Details for 651 Pne St

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    5,550 SF
    Property type
    Auto shops
    APN
    36-156-00-0040
    APU
    36156000040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $599,000
      Market price range: $157k - $2.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Uniondale
    County
    Nassau
    State
    New York
    Longitude
    -73.5962
    Latitude
    40.6873
    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
    2023
    $34,896
    $2,173
    $3,761
    $5,934
    -
    $0.00
    $0.00
    $593,400

    Comparable in this City

    • Value Estimation by Request
      1,971 SF

      950 Frnt St

      AUTO REPAIR, GARAGE • 1,971 SF
      950 Frnt St, Uniondale, NY 11553-1541
      View Details
    • Value Estimation
      $580,000
      1,620 SF

      691 Nassau Rd

      AUTO REPAIR, GARAGE • 1,620 SF
      691 Nassau Rd, Uniondale, NY 11553-2758
      View Details
    • Value Estimation
      $775,000
      3,000 SF

      845 Nassau Rd

      AUTO REPAIR, GARAGE • 3,000 SF
      845 Nassau Rd, Uniondale, NY 11553-3131
      View Details
    • Value Estimation
      $565,000
      1,232 SF

      594 Jerusalem Ave

      AUTO REPAIR, GARAGE • 1,232 SF
      594 Jerusalem Ave, Uniondale, NY 11553-2634
      View Details
    • Value Estimation by Request
      1,135 SF

      514 Jerusalem Ave

      AUTO REPAIR, GARAGE • 1,135 SF
      514 Jerusalem Ave, Uniondale, NY 11553-2513
      View Details
    • Value Estimation by Request
      1,288 SF

      721 Nassau Rd

      AUTO REPAIR, GARAGE • 1,288 SF
      721 Nassau Rd, Uniondale, NY 11553-2705
      View Details

    Similar Nearby for Sale

    • New
      $1,199,000
      0.14 Acres

      Uniondale Renovated Three-Bay Shop

      Newly renovated three-bay shop with ample storage and parking.
      478 Jerusalem Ave, Uniondale, NY 11553
      View Details
    • $895,888
      1,936 SF

      Uniondale Mixed-Use Corner Property

      High-traffic mixed-use property with residential and retail components.
      701 Nostrand Ave, Uniondale, NY 11553
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    • Contact for pricing

      Cleared Land in Hempstead

      Paved lot with excellent visibility near transportation and shopping.
      160 Marvin Ave, Hempstead, NY 11553
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    • $825,000

      Uniondale Multi-Family Home For Sale

      Two-family home with income potential in Uniondale, New York.
      185 Lawrence St, Uniondale, NY 11553
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      6,199 SF

      Commercial Lot with Garage

      Commercial lot with garage and small office for rent.
      468 Jerusalem Ave, Uniondale, NY 11553
      View Details
    • $10,000 /Mo
      8,002 SF

      Uniondale Warehouse Storefront For Rent

      Corner warehouse with storefront, office, loading dock, and basement.
      1065 Front St, Uniondale, NY 11553
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Hempstead Turnpike

      Retail space available on heavily trafficked Hempstead Turnpike.
      2440 Hempstead Tpke, East Meadow, NY 11553
      View Details
    • Contact for pricing
      639,302 SF

      Earle Ovington Health Club Space

      Omni-Health Club with pool and concierge services available for rent.
      333 Earle Ovington Blvd, Uniondale, NY 11553
      View Details
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    651 Pne St
    Uniondale, NY 11553-3267
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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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