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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office buildings
814 Fulton St, Farmingdale, NY 11735-3638
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US63-1500553
Property summary
AI-generated overview
This fee-simple, 11,900 square foot office building in Farmingdale, NY, presents a compelling investment opportunity. Located at 814 Fulton Street, this single-story, Class C property boasts 62% occupancy across five units, including four tenant-occupied spaces and one 5,000 square foot vacant unit. The building features 60 parking spaces and two private entrances, catering to its diverse tenant base of medical and professional offices. Situated on a 0.85-acre lot (37,200 square feet), the property benefits from Business D zoning, allowing for mixed residential development. The asking price is $3,500,000, translating to $294.12 per square foot. Built in 1965, the building offers convenient access to the Farmingdale LIRR station (a 3-minute drive) and is surrounded by new transit-oriented developments. The owner-occupied 2,000 square foot unit (Unit B) presents a potential lease opportunity. This property offers a unique blend of immediate income and future development potential in a thriving location. No tenant credit rating is available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,774 SF
Lot
0.85 ac (37,200 SF)
APN
49-166-00-0058
UPID
US63-1500553
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
-
John G. Fox, PT Physician
-
Peter Parenti, LMT Physician
-
SportsCare Physical Therapy Medical Clinic
-
Fitzharris Insurance Insurance Agency
-
B.A.C. Systems Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Fitzharris Properties LLC · 27 yrs held
Fitzharris Properties LLC
since 1998
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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%
$1,460,000
6.5%
$1,345,000
7%
$1,250,000
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$252 / 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
$77,115
Tax year 2023
Assessed value
$12,328
Assessed 2023
Previous assessed
$15,287
-19.4% YoY
Effective rate
625.53%
On assessed value
Assessed land
$5,880
Assessed improvement
$6,448
Total market value
$1,232,800
Applied tax rate
500.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,774 SF
Lot
0.85 ac (37,200 SF)
APN
49-166-00-0058
UPID
US63-1500553
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
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Fitzharris Properties LLC
Entity
Mailing address
PO BOX 9182, FARMINGDALE, NY 11735-9182
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 1998
$1,150,000
Fitzharris Properties LLC
Shed Associates
Grant Deed
$635,000 · Seller
—
—
Fitzharris Properties LLC
—
Deed Of Trust
related
$385,369 · North Fork Bank
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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