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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8049 Jericho Tpke Woodbury, NY 11797-1212

    • Investment properties
    • 7,250 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2023
    $5,275,000
    Value Estimations
    $5,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2791970
    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

    • Jewel of the Sea/ Victoria's Market / Specialty Food Shop / Fish Market
    • Paradise Nails / Nail Salon

    Property Details for 8049 Jericho Tpke

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    7,250 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    14-00D-00-0599
    APU
    1400D000599

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,505,000
      ML approach
      $5,540,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,695,000
      Current use
      RESTAURANT
      $6,435,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $6,360,000
      Change: +36% Conversion: Difficult
      OFFICE BUILDING
      $5,115,000
      Change: +9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,765,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,375,000
      Change: -7% Conversion: Moderate
      RETAIL STORES
      $4,130,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Nassau
    State
    New York
    Longitude
    -73.475
    Latitude
    40.8162
    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
    $64,894
    $8,117
    $2,145
    $10,262
    -
    $0.00
    $0.00
    $1,026,200

    Comparable in this City

    • Value Estimation
      $1,195,000
      5,544 SF

      141 Woodbury Rd

      STORE/OFFICE (MIXED USE) • 5,544 SF
      141 Woodbury Rd, Woodbury, NY 11797-1408
      View Details
    • Value Estimation
      $1,345,000
      4,440 SF

      469 Woodbury Rd

      STORE/OFFICE (MIXED USE) • 4,440 SF
      469 Woodbury Rd, Woodbury, NY 11797
      View Details
    • Value Estimation
      $1,120,000
      1,025 SF

      8191 Jericho Tpke

      STORE/OFFICE (MIXED USE) • 1,025 SF
      8191 Jericho Tpke, Woodbury, NY 11797-1212
      View Details
    • Value Estimation
      $5,340,000
      3,483 SF

      8027 Jericho Tpke, Unit 8043

      STORE/OFFICE (MIXED USE) • 3,483 SF
      8027 Jericho Tpke, Woodbury, NY 11797-1212
      View Details
    • Value Estimation
      $12,525,000
      36,592 SF

      8063 Jericho Tpke

      STORE/OFFICE (MIXED USE) • 36,592 SF
      8063 Jericho Tpke, Woodbury, NY 11797-1256
      View Details
    • Value Estimation
      $795,000
      4,005 SF

      217 Woodbury Rd

      STORE/OFFICE (MIXED USE) • 4,005 SF
      217 Woodbury Rd, Woodbury, NY 11797-6000
      View Details

    Similar Nearby for Sale

    • $7,490,000
      4,400 SF

      Woodbury Retail Investment Opportunity

      Single-tenant retail building leased to Bank of America in Woodbury, NY.
      8225 Jericho Tpke, Woodbury, NY 11797
      View Details
    • $2,150,000
      8,260 SF

      Woodbury Office Building Investment

      Multi-tenant medical/office building, high occupancy.
      136 Woodbury Rd, Woodbury, NY 11797
      View Details
    • Contact for pricing

      Woodbury Road Land Opportunity

      Land available on Woodbury Road, Woodbury, NY.
      750-770 Woodbury Rd, Woodbury, NY 11797
      View Details
    • Contact for pricing
      35,123 SF

      Crossways Park Flex Space Available

      Standalone flex building in Crossways Office/Industrial Park.
      420 Crossways Park Dr, Woodbury, NY 11797
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,722 SF

      Woodbury Common Executive Suites

      Prime Nassau County Office Space Available
      0 Jericho Tpke. & Woodbury Rd, Woodbury, NY 11797
      View Details
    • Contact for pricing
      51,769 SF

      Office Building Near Major Expressways

      Office building with immediate access to major Long Island expressways.
      101 Crossways Park Dr W, Woodbury, NY 11797
      View Details
    • Contact for pricing
      1,538 SF

      Woodbury Office Space for Rent

      Office space with excellent access and ample parking.
      135-175 Froehlich Farm Blvd, Woodbury, NY 11797
      View Details
    • $2,200 /Mo
      1,000 SF

      Woodbury Office Space For Lease

      Premier Woodbury office building with included utilities and ample parking.
      144 Woodbury Rd, Woodbury, NY 11797
      View Details
    • Contact for pricing
      60,460 SF

      Woodbury Office Space Available

      60,460 square foot office space for rent.
      500 Sunnyside Blvd, Woodbury, NY 11797
      View Details
    • Contact for pricing
      2,085 SF

      New Retail Space Available

      New retail development in a desirable Long Island neighborhood.
      7940 Jericho Tpke, Woodbury, NY 11797
      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.
    8049 Jericho Tpke
    Woodbury, NY 11797-1212
    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.