Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    69 Main St Bay Shore, NY 11706-8313

    • Office buildings
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2022
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3982978
    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

    • Dr. William J. Bollhofer / Family Practice Physician
    • Lisa Rizzuto / Physician Assistant
    • Foehr M MD / Obstetrician-Gynecologist
    • Claudia Selgrad, DO / Family Practice Physician
    • John Muratori, MD / Doctor

    Property Details for 69 Main St

    Lot size
    0.05 lot acres
    Zone code
    BD
    Property type
    Office buildings
    APN
    0500-419.00-01.00-041.003
    APU
    500419000100041003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Shore
    County
    Suffolk
    State
    New York
    Longitude
    -73.2493
    Latitude
    40.7205
    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
    $2,900
    $62,000
    $64,900
    -
    $39,835
    $851,648
    $891,483

    Comparable in this City

    • Value Estimation
      $290,000
      0.01 Acres

      370 Main St

      OFFICE BUILDING • 0.01 Acres
      370 Main St, Bay Shore, NY 11706-8415
      View Details
    • Value Estimation
      $290,000
      0.02 Acres

      375 Main St

      OFFICE BUILDING • 0.02 Acres
      375 Main St, Bay Shore, NY 11706-8418
      View Details
    • Value Estimation
      $280,000
      0.01 Acres

      375 Main St

      OFFICE BUILDING • 0.01 Acres
      375 Main St, Bay Shore, NY 11706-8418
      View Details
    • Value Estimation
      $290,000
      0.04 Acres

      180 Main St

      OFFICE BUILDING • 0.04 Acres
      180 Main St, Bay Shore, NY 11706-8427
      View Details
    • Value Estimation
      $275,000
      0.31 Acres

      14 Shr Ln

      OFFICE BUILDING • 0.31 Acres
      14 Shr Ln, Bay Shore, NY 11706-8734
      View Details
    • Value Estimation
      $240,000
      0.26 Acres

      245 Bay Shr Rd

      PROFESSIONAL BUILDING • 0.26 Acres
      245 Bay Shr Rd, Bay Shore, NY 11706-5325
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Three Building Office Property

      Three office buildings totaling approximately 3,000 square feet for sale.
      1830-1840 Union Blvd, Bayshore, NY 11706
      View Details
    • $3,699,000

      Commercial Investment Property For Sale

      Triple net lease, 100% occupied commercial investment property.
      375-381 E Main St, Bayshore, NY 11706
      View Details
    • $3,950,000

      375 Main St, Islip, NY 11706

      Office Properties & Spaces
      375 Main St, Islip, NY 11706
      View Details
    • $949,000
      1,200 SF

      Bay Shore Industrial Office/Warehouse

      1,200 SF Office & Warehouse Space
      61 1St Ave, Bay Shore, NY 11706
      View Details
    • $599,000
      Pending

      Bay Shore Legal Duplex

      Well-maintained legal 2-family residence in a desirable neighborhood.
      44 Chapman Pl, Bayshore, NY 11706
      View Details
    • $280,000
      0.53 Acres

      Residential Lot in Bay Shore

      Spacious 0.53-acre residential lot in a desirable Bay Shore neighborhood.
      Brentwood St, Bayshore, NY 11706
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      4,553 SF

      Downtown Bay Shore Commercial Building

      Commercial building in downtown Bay Shore, suitable for multiple uses.
      51 Park Ave, Bayshore, NY 11706
      View Details
    • $7,900 /Mo
      3,000 SF

      Retail/Office Space in Bay Shore

      Newly built 3,000 SF retail/office space with ample parking.
      2320 Union Blvd, Bayshore, NY 11706
      View Details
    • $3,000 /Mo
      1,000 SF

      Professional Office Space Near Hospital

      Prime office space in the heart of Northwell South Shore campus.
      1918 Union Blvd, Bayshore, NY 11706
      View Details
    • Contact for pricing
      2,070 SF

      Bay Shore Office Space Available

      Office suites available for sublease in Bay Shore, NY.
      375 E Main St, Bayshore, NY 11706
      View Details
    • $4,500 /Mo
      2,000 SF

      Bay Shore Office Space Available

      Office space for rent in a busy Bay Shore location.
      1805 5Th Ave, Bayshore, NY 11706
      View Details
    • $26 SF/Yr
      1,700 SF

      Bay Shore Office Space

      Office space available for lease in Bay Shore, NY.
      1753 Sunrise Hwy, Bayshore, NY 11706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    69 Main St
    Bay Shore, NY 11706-8313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.