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    73 Glen Cove Rd Greenvale, NY 11548
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    Property profile & analytics

    73 Glen Cove Rd Greenvale, NY 11548

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    • Office buildings
    • 2,648 SF
    • 0.18 lot acres
    For Sale
    $610,000
    View Listing →
    Built-Out Dental Space Available For Sale
    $610,000
    2,648 SF

    Built-Out Dental Space Available

    Fully equipped dental office with excellent visibility and parking.

    73 Glen Cove Road, Greenvale, NY 11548
    View Listing
    Property ID
    US63-1878174
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Binderow Donald J DDS / Dental Office
    • Popkin Lawrence A DDS / Dental Office

    Property Details for 73 Glen Cove Rd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.18 lot acres
    Property size
    2,648 SF
    Property type
    Office buildings
    APN
    20-00N-00-0060
    APU
    2000N000060

    Description

    This exceptional 2,648-square-foot Class A medical office space is ideally situated at 73 Glen Cove Road in Greenvale, NY, 11548. Built in 1990, this multi-tenant property boasts a prime location on heavily trafficked Route 107 (Glen Cove Road), offering excellent signage and visibility. Convenient access is provided via the Long Island Expressway and Northern State Parkway. The space is currently divided to accommodate two users, featuring separate waiting rooms (one with capacity for 10 people, the other for 6), reception areas (each accommodating 2 people), and multiple exam and consultation rooms. Specific layouts include three exam rooms (3-person capacity) and four exam rooms (4-person capacity), along with a consultation room and a consultation room with a private bathroom. Additional features include two offices, two labs, two storage rooms, and two handicapped-accessible bathrooms. The building offers a full security system and a private parking lot with approximately 13 spaces, supplemented by ample permit parking in a nearby municipal lot. The property is fully equipped with gas-fired HVAC units and is zoned for Business B-A use. This fully built-out space presents a turnkey opportunity for dental or other medical practices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenvale
    County
    Nassau
    State
    New York
    Longitude
    -73.6275
    Latitude
    40.8136
    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
    $24,141
    $2,147
    $2,168
    $4,315
    -
    $0.00
    $0.00
    $431,500

    Comparable in this City

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      3,500 SF

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      1 Plz Rd, Greenvale, NY 11548-1027
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    • Value Estimation
      $2,300,000
      1,231 SF

      87 Gln Cv Rd

      OFFICE BUILDING • 1,231 SF
      87 Gln Cv Rd, Greenvale, NY 11548-1037
      View Details
    • Value Estimation
      $675,000
      858 SF

      31 Northern Blvd

      PROFESSIONAL BUILDING (MULTI-STORY) • 858 SF
      31 Northern Blvd, Greenvale, NY 11548-1320
      View Details
    • Value Estimation
      $545,000
      690 SF

      14 Plz Rd

      OFFICE BUILDING • 690 SF
      14 Plz Rd, Greenvale, NY 11548-1021
      View Details
    • Value Estimation
      $675,000
      2,775 SF

      34 Gln Cv Rd

      STORE/OFFICE (MIXED USE) • 2,775 SF
      34 Gln Cv Rd, Greenvale, NY 11548
      View Details
    • Value Estimation
      $2,405,000
      9,606 SF

      81 Gln Cv Rd

      STORE/OFFICE (MIXED USE) • 9,606 SF
      81 Gln Cv Rd, Greenvale, NY 11548-1007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,648 SF

      Built-Out Dental Space Available

      Fully equipped dental office with excellent visibility and parking.
      73 Glen Cove Rd, Greenvale, NY 11548
      View Details
    • Contact for pricing
      5,000 SF

      Greenvale Office Space For Rent

      Office space near Long Island Railroad and Long Island Expressway.
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    • $575,000
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      Prime Greenvale lot for single-family home construction near LIRR.
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      3,200 SF

      Retail Property on Northern Boulevard

      Retail property with high visibility and flexible occupancy options.
      7 Northern Blvd, Greenvale, NY 11548
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    Similar Nearby for Lease

    • Contact for pricing

      Greenvale Office Space For Rent

      Multi-use office space available for rent in Greenvale, NY.
      90 Glen Cove Rd, Greenvale, NY 11548
      View Details
    • Contact for pricing

      Greenvale Commercial Space For Lease

      Commercial space available for lease in Greenvale, New York.
      32 Glen Cove Rd, Greenvale, NY 11548
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      5,600 SF

      Medical Office Space Available

      5,600 SF medical office in affluent North Shore neighborhood.
      44 Glen Cove Rd, Greenvale, NY 11548
      View Details
    • Contact for pricing
      86,446 SF

      Greenvale Retail Plaza - For Lease

      High-traffic location, 1,237 sq ft available.
      0 Northern Blvd. & Gln Cv Rd, Greenvale, NY 11548
      View Details
    • Contact for pricing
      400 SF

      Retail Space Available For Rent

      Retail spaces available for rent with dedicated parking lot.
      87 Glen Cove Rd, Greenvale, NY 11548
      View Details
    • $1,100 /Mo
      1,237 SF

      Refurbished Retail Space Available

      Retail space for lease in completely rebuilt Green Cove Plaza.
      5 Glen Cove Rd, Greenvale, NY 11548
      View Details
    View Listing
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    Greenvale, NY 11548
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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.

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