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Property profile & analytics
FOR LEASE
Office buildings
875 Old Country Rd, Plainview, NY 11803
Entity Owned
~
Est. High Equity
Property ID
US63-3156061
For Lease
1 / 3
$755,000
875 Old Country Rd, Plainview, NY 11803
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE
Total area
990 SF
Lot
1.18 ac (51,227 SF)
APN
46-567-00-0060
UPID
US63-3156061
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
-
PlainView Medical Centre Medical Clinic
-
Long Island Ent Associates Pc: Mortensen Melissa MD Physician
-
Long Island ENT Associates, P.C. Medical Clinic
-
Wayne Michaels, DDS Dental Office
-
Dr. Andrew M. Herbst, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
875 Old Country Road LLC
875 Old Country Road LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$870,000
+12.2%
Commercial (general)
$810,000
+4.7%
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 Plainview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainview 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$650,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$763 / 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
$311,399
Tax year 2023
Assessed value
$38,592
Assessed 2023
Previous assessed
$38,592
+0.0% YoY
Effective rate
806.90%
On assessed value
Assessed land
$20,756
Assessed improvement
$17,836
Total market value
$3,859,200
Applied tax rate
579.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
990 SF
Lot
1.18 ac (51,227 SF)
APN
46-567-00-0060
UPID
US63-3156061
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$650,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
1.18 ac
Current owner
From public records · entity-resolved
875 Old Country Road LLC
Entity
Mailing address
3 QUAKER LN, OLD WESTBURY, NY 11568-1325
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
$4,910,000
875 Old Country Road LLC
W W W Associates LLC
Bargain & Sale Deed
—
Apr 30, 2021
—
Www Associates LLC
—
Deed
related
$5,300,000 · Tristate Capital Benk
Jun 5, 2015
$7,950,000
Www Associates LLC
Old Country Professional Office Gro
Bargain And Sale Deed
—
May 18, 2009
—
Old Cntry Prof Office Group Ll
—
Trustees Deed
related
$100,000 · First National Bank Long Islan
—
—
Country Professional Offic Old
—
Deed Of Trust
related
$2,000,000 · Washington Mutual Fsb
—
—
Old Cntry Prof Office Group Ll
—
Deed Of Trust
related
$2,100,000 · First National Bank Long Islan
—
—
Country Professional Offic Old
—
Deed Of Trust
related
$35,886 · Washington Mutual Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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