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

    900 Merchants Concourse Westbury, NY 11590

    • Office buildings
    • 29,880 SF
    • 1.40 lot acres
    For Lease
    View listing
    $19,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2577241
    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

    • Maxim Healthcare Services Westbury, NY Regional Office / Home Health Care Service / Nursing Agency
    • Gambella Allison N DDS / Dentist
    • Napoli Allison D DDS / Dentist
    • Lorge Richard D / Attorney
    • Eating Disorders Associates Treatment / Counselor / Doctor

    Property Details for 900 Merchants Concourse

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.40 lot acres
    Property size
    29,880 SF
    Property type
    Office buildings
    APN
    44-078-00-0018-A
    APU
    44078000018A

    Description

    This exceptional 8,615-square-foot executive office space is available for lease at 900 Merchants Concourse in Westbury, New York. Located in Nassau County, this single-tenant property offers a significant opportunity for businesses seeking a substantial and flexible workspace. The entire building, totaling 8,615 square feet, is currently vacant, providing a blank canvas for a discerning tenant to customize the space to their exact specifications. The property is classified as both retail and office, offering versatility in its potential use. Its prime location in Westbury, NY, zip code 11590, provides excellent accessibility and visibility. The address is 900 Merchants Concourse, offering a prestigious business address. This property presents a rare chance to secure a large, fully vacant building in a desirable location. The building's size and layout are ideal for a company requiring significant space for operations, allowing for efficient workflow and ample room for expansion. The property's classification as "Executive Office" suggests a high-quality build and finish, suitable for businesses seeking a professional and impressive image. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy. This is a unique opportunity to establish a strong presence in a thriving business community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,153,000
      Market price range: $455k - $9.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbury
    County
    Nassau
    State
    New York
    Longitude
    -73.5914
    Latitude
    40.7449
    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
    $1,006,025
    $170,230
    $1.00
    $170,231
    -
    $0.00
    $0.00
    $17,023,100

    Comparable in this City

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      239 Winthrop Ave

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      792 Carman Ave

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      1,196 SF

      433 Maple Ave

      OFFICE BUILDING • 1,196 SF
      433 Maple Ave, Westbury, NY 11590-3259
      View Details
    • Value Estimation
      $4,230,000
      20,685 SF

      761 Merrick Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 20,685 SF
      761 Merrick Ave, Westbury, NY 11590-6608
      View Details
    • Value Estimation
      $3,020,000
      15,015 SF

      865 Merrick Ave

      OFFICE BUILDING • 15,015 SF
      865 Merrick Ave, Westbury, NY 11590-6694
      View Details

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    • $1,200,000
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    Similar Nearby for Lease

    • $19,250,000
      9,444 SF

      Westbury Office Building For Rent

      Four-story office building with amenities in Westbury, New York.
      900 Merchants Concourse, Westbury, NY 11590
      View Details
    • Contact for pricing
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      Available office space in Westbury, New York.
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      Westbury Medical/Office Building For Rent

      20,000 SF medical/office building with renovation potential and signage.
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    • $234 SF/Yr
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      Westbury Office Space: 865 Merrick Ave

      Prime Westbury Office Building, Multiple Suites Available
      865 Merrick Ave, Westbury, NY 11590
      View Details
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    Westbury, NY 11590
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    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
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