Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    747 Franklin Ave Franklin Square, NY 11580
    Back to Search
    Property profile & analytics

    747 Franklin Ave, Franklin Square, NY 11580

    View on Map
    • Investment properties
    • 7,689 SF
    • 0.51 lot acres
    For Sale
    $3,750,000
    View Listing →
    Retail Property in Franklin Square For Sale
    $3,750,000
    7,915 SF

    Retail Property in Franklin Square

    Retail property available for sale in Franklin Square, NY.

    747 Franklin Ave, Franklin Square, NY
    View Listing
    Property ID
    US63-2084726
    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

    • La Familia Deli & Grill / Restaurant

    Property Details for 747 Franklin Ave

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    35-496-00-0088
    APU
    35496000088

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 31, 2023 — Aldrich Management Co LLC — Deed · related $1.3M · Northfield Bank
    Jul 24, 2018 — Aldrich Mgmt Co LLC — Loan Modification, Consolidation And Extension · related $1.2M · Flushing Bk
    Nov 25, 2013 — Aldrich Management Company LLC Franklin Square Management LLC Bargain And Sale Deed —
    Mar 2, 2010 $1,750,000 Franklin Sq Management LLC 747-761 Franklin Ave Realty Ll Grant Deed —
    May 27, 1999 $800,000 Jade Globe INC 95-45 Roosevelt Avenue Corp Grant Deed $545k · Bank Of East Asia
    — — 747-761 Franklin Ave Realty Ll — Deed Of Trust · related $629k · Washington Mutual Fsb
    — — Aldrich Mgmt Co LLC — Deed Of Trust · related $175k · Flushing Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,280,000
      Market price range: $162k - $2.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Square
    County
    Nassau
    State
    New York
    Longitude
    -73.6859
    Latitude
    40.6878
    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
    $82,310
    $5,415
    $6,358
    $11,773
    -
    $0.00
    $0.00
    $1,177,300

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Hempstead Tpke

      STORE/OFFICE (MIXED USE)
      Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • Value Estimation by Request
      0.07 Acres

      845 Hempstead Tpke

      STORE/OFFICE (MIXED USE)
      845 Hempstead Tpke, Franklin Square, NY 11010-3634
      View Details
    • Value Estimation by Request
      800 SF

      1026 Carukin St

      STORE/OFFICE (MIXED USE)
      1026 Carukin St, Franklin Square, NY 11010-1403
      View Details
    • Value Estimation
      $1,135,000
      9,060 SF

      434 Dogwood Ave, Unit 452

      STORE/OFFICE (MIXED USE)
      434 Dogwood Ave, Franklin Square, NY 11010-3349
      View Details
    • Value Estimation by Request
      840 SF

      Franklin Ave

      STORE/OFFICE (MIXED USE)
      Franklin Ave, Franklin Square, NY 11010
      View Details
    • Value Estimation
      $1,210,000
      8,900 SF

      1081 Hempstead Tpke

      STORE/OFFICE (MIXED USE)
      1081 Hempstead Tpke, Franklin Square, NY 11010-2636
      View Details

    Similar Nearby for Sale

    • $2,300,000

      Franklin Square Multi-Unit Property

      Prime Franklin Square location, high-traffic area.
      908-912B Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • $1,200,000

      Franklin Square Mixed-Use Building

      Redone mixed-use building with apartments and coffee cafe.
      882 Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • $99,999

      Turn-Key Coffee Shop

      Renovated cafe with private parking and fully included equipment, furniture, and decor, plus basement storage.
      882 Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • Contact for pricing
      6,000 SF

      Franklin Square Prime Plaza Opportunity

      Four-unit strip center with pizzeria and banquet hall.
      908 Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • Contact for pricing
      6,000 SF

      Turnkey Restaurant Opportunity in Franklin Square

      Fully equipped restaurant property for sale in Franklin Square, NY.
      912 Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • Contact for pricing
      10,800 SF

      Franklin Square Theater For Sale

      10,800 SF theater with over 800 seats.
      989 Hempstead Tpke, Franklin Square, NY 11010
      View Details

    Similar Nearby for Lease

    • $3,600 /Mo

      Franklin Square Storefront Opportunity

      Approximately 900 square feet storefront suitable for professional use.
      145 New Hyde Park Rd, Franklin Square, NY 11010
      View Details
    • $26 SF/Yr

      Franklin Square Retail Space Available

      Retail space for lease in Franklin Square, high-traffic location.
      120 New Hyde Park Rd, Franklin Square, NY 11010
      View Details
    • $2,500 /Mo

      Professional Office Suite For Rent

      Second floor office suite with utilities included and parking.
      750-754 Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • $1,500 /Mo

      Second-Floor Professional Office Suite

      Turnkey office suite with elevator access, private offices, and window signage for business visibility.
      1040 Hempstead Tpke, Franklin Square, NY 11010
      View Details
    • $3,500 /Mo

      First-Floor Office Suite

      First-floor walk-in office space in excellent condition with conference room, central HVAC, and on-site parking.
      750-754 Hempstead Tpke, Franklin Square, NY 11010
      View Details

    Property Visit Statistics

    • Visits by month
      10.3k
    • Visitors by month
      6.8k
    • Avg Time on site
      16 min
    View Listing
    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.
    747 Franklin Ave
    Franklin Square, NY 11580
    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

    Thank You for Inquiry
    747 Franklin Ave, Franklin Square, NY, 11580
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!