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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Distribution centers
7 Oyster Bay Rd, Locust Valley, NY 11560-2322
Entity Owned
Free & Clear
Property ID
US63-4177452
Property summary
AI-generated overview
This Locust Valley, NY industrial property, located at 7 Oyster Bay Road, presents a compelling owner-user opportunity. The 13,870 square foot warehouse, built in 1955, features two buildings across two stories and sits on a 0.53-acre lot. The property includes a convenient loading dock with twelve 12-foot high overhead doors, perfect for efficient material handling. High ceilings, measuring 15 feet, provide ample vertical space. The property is currently vacant with an occupancy date of September 13, 2023, allowing for immediate customization. Additional features include on-site parking and a gated rear lot. A significant advantage is the inclusion of an additional 0.23-acre lot across Oyster Bay Road, expanding the overall usable space and offering potential for outdoor storage. The property is zoned NB and offers gas service. The asking price is $3,575,000, translating to $257.75 per square foot. This corner lot location provides excellent visibility and accessibility. This warehouse is ideal for businesses seeking a versatile and well-equipped space in a desirable location.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
900 SF
Lot
0.23 ac (10,000 SF)
APN
23-00K-00-0015
UPID
US63-4177452
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
-
Walton P Davis Moving & Storage Co Storage Facility
-
Gold Coast Tree Experts Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
WALTON P DAVIS CO INC
WALTON P DAVIS CO INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$790,000
+74.4%
Office building
$635,000
+40.3%
Auto repair, garage
$590,000
+30.7%
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 Locust Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust Valley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$455,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$635,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$585,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$583 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,009
Tax year 2023
Assessed value
$2,741
Assessed 2023
Previous assessed
$2,741
+0.0% YoY
Effective rate
438.12%
On assessed value
Assessed land
$2,722
Assessed improvement
$19
Total market value
$274,100
Applied tax rate
515.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Heating
NONE
Total area
900 SF
Lot
0.23 ac (10,000 SF)
APN
23-00K-00-0015
UPID
US63-4177452
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
OFFICE BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$585,000
RETAIL STORES
Est. value
$515,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
WALTON P DAVIS CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
7 OYSTER BAY RD, LOCUST VALLEY, NY 11560-2322
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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