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Property profile & analytics
OFF-MARKET Estimated value $705,000
Investment properties

848 Main St Farmingdale, NY 11735-4146

1,944 SF 0.24 ac lot Built 1956
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US63-0243155
Property summary
AI-generated overview

This exceptional mixed-use property presents a fantastic investment opportunity in the vibrant heart of Farmingdale, NY. Situated on a prominent corner lot spanning 10,500 square feet, the 1,944 square foot freestanding building boasts high visibility and excellent accessibility. The main storefront faces Main Street, while a convenient loading dock is located on Frank Avenue, offering significant operational flexibility. The property includes a 640 square foot garage-like structure with electricity, perfect for additional storage or expansion. Interior features have been thoughtfully updated, including new walk-up windows, split heating and air conditioning units, energy-efficient LED lighting throughout, and a robust 400-amp electrical system. Two updated half-bathrooms and three offices provide ample space for various business needs. The building is currently 100% vacant, allowing for immediate customization and tenant selection. Security is enhanced by a comprehensive system featuring 21 cameras. Ample parking is provided with 20 dedicated spaces. Its prime location offers easy access to major parkways, ensuring convenient commuting for employees and customers. The layout is easily adaptable to accommodate two separate businesses, maximizing rental income potential. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving commercial area.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,944 SF
Lot 0.24 ac (10,500 SF)
APN 48-268-00-0001
UPID US63-0243155
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
  • HARDSCRABBLE WHOLESALE INC. Big Box & Wholesale Store
  • Eagle Snacks Inc. Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k
Owner & transaction history
848 Main Street LLC · 10 yrs held
848 Main Street LLC
since 2015
6 recorded transactions
2022
Price N/A
2020
Price N/A
2015
$440,000
1995
$200,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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