Technical
Financial
Distress signals
Property profile

78 Academy St Patchogue, NY 11772

OFF-MARKET
Warehouses
Property ID
US63-0579966
0.12 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity encompasses a 1,600 square foot industrial property situated on a 0.12-acre lot at 78 Academy St, Patchogue, NY. The property houses a ten-year-old, highly successful eBike retail business boasting consistent year-over-year sales growth averaging $275,000 and a cash flow of $100,000. The business features established brands like Big Cat, Revi, and Biria, offering a diverse range of eBikes, accessories, and gear. Its prime location ensures high visibility and foot traffic. Included in the sale is $15,000 in fixed equipment and $45,000 in inventory. The asking price for the business and real estate is $150,000, with seller financing available with a $100,000 down payment. This turnkey operation provides comprehensive training and support for a smooth transition, presenting a unique opportunity to capitalize on the booming eBike market and its growing demand for eco-friendly transportation. The business is profitable and scalable, offering potential for expansion and increased product lines.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 0.12 ac (5,227 SF)
APN 0204-014.00-01.00-014.000
UPID US63-0579966

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Production Facility
  • Construction Company
  • (Bike/Boat/Book/etc) Store

Location

78 Academy St Patchogue, NY 11772-3813
Patchogue metro Census 158902 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2021
Last sale
$430,000
1 recorded transaction
2021
$430,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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