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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Retail space
942 Hempstead Tpke 956 Franklin Square, NY 11010-3628
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-5802834
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
FRAME
Total area
3,104 SF
Lot
0.36 ac (15,638 SF)
APN
33-430-00-0144
UPID
US63-5802834
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
-
Air Decks & Fences Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
Nbf Franklin Sq LLC · 8 yrs held
Nbf Franklin Sq LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+23.8%
Auto repair, garage
$2.0M
+15.3%
Commercial (general)
$2.0M
+13.6%
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 Franklin Square submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Square 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
RETAIL STORES
$1,770,000
Current use
OFFICE BUILDING
$2,190,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,040,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,010,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$1,560,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±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
$517 / 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
$101,529
Tax year 2023
Assessed value
$20,869
Assessed 2023
Previous assessed
$16,143
+29.3% YoY
Effective rate
486.51%
On assessed value
Assessed land
$4,930
Assessed improvement
$15,939
Total market value
$2,086,900
Applied tax rate
477.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1923
Construction
FRAME
Heating
FORCED AIR
Buildings
2
Stories
2
Units
10
Total area
3,104 SF
Lot
0.36 ac (15,638 SF)
APN
33-430-00-0144
UPID
US63-5802834
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
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1923
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
2
Units
10
Lot
0.36 ac
Current owner
From public records · entity-resolved
Nbf Franklin Sq LLC
Entity
Free & Clear · 8 yrs held
Mailing address
29 LOCUST AVE, RYE, NY 10580-2958
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Nbf Franklin Sq LLC
—
Deed
related
$3,900,000 · Habib American Bank
Feb 16, 2018
—
Nbf Franklin Sq LLC
—
Loan Modification, Consolidation And Extension
related
$5,000,000 · Td Bk NA
Aug 1, 2017
$2,930,188
Nbf Franklin Sq LLC
Jgs Realty LLC
Bargain And Sale Deed
—
Mar 8, 2004
$1,700,000
Jgs Realty LLC
Spadaro,joseph & Mary
Grant Deed
$1,300,000 · Joseph & Mary Spadaro
Mar 8, 2004
—
Joseph Spadara
Sawka,michael
Grant Deed
related
—
—
—
Jgs Realty LLC
—
Deed Of Trust
related
$500,000 · Joseph & Mary Spadaro
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.
Try Rey
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