Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    945 Jericho Tpke Smithtown, NY 11787

    • Gas stations
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2023
    $965,000
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1305085
    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

    • Gas stations

    Property Details for 945 Jericho Tpke

    Lot size
    0.52 lot acres
    Property type
    Gas stations
    APN
    0800-114.00-03.00-010.001
    APU
    800114000300010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $1,045,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.1405
    Latitude
    40.862
    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
    2020
    $0.00
    $1,500
    $3,530
    $5,030
    -
    $1,724
    $4,057
    $5,781

    Comparable in this City

    • Value Estimation by Request
      0.65 Acres

      504 Rte 111

      GAS STATION • 0.65 Acres
      504 Rte 111, Smithtown, NY 11787-4775
      View Details
    • Value Estimation by Request
      0.75 Acres

      320 Main St

      GAS STATION • 0.75 Acres
      320 Main St, Smithtown, NY 11787-2901
      View Details
    • Value Estimation by Request
      0.42 Acres

      3 Ft Salonga Rd

      GAS STATION • 0.42 Acres
      3 Ft Salonga Rd, Smithtown, NY 11787
      View Details
    • Value Estimation by Request
      0.48 Acres

      240 Main St

      GAS STATION • 0.48 Acres
      240 Main St, Smithtown, NY 11787-2914
      View Details
    • Value Estimation by Request
      0.49 Acres

      1052 Jericho Tpke

      GAS STATION • 0.49 Acres
      1052 Jericho Tpke, Smithtown, NY 11787-3212
      View Details
    • Value Estimation by Request
      0.34 Acres

      998 Jericho Tpke

      GAS STATION • 0.34 Acres
      998 Jericho Tpke, Smithtown, NY 11787
      View Details

    Similar Nearby for Sale

    • $224,999
      2,800 SF

      Established Auto Repair Business Opportunity

      Full-service auto repair and sales business in Smithtown, NY.
      974 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • Contact for pricing
      2,900 SF

      Mixed-Use Property with Parking

      Three apartments, garage, and parking lot in Smithtown, NY.
      43 Landing Ave, Smithtown, NY 11787
      View Details
    • $349,999
      2,400 SF

      Established Auto Repair Business For Sale

      25-year auto repair business with 2000 customers in Smithtown, NY.
      988 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $930,000
      1,750 SF

      Renovated Freestanding Corner Building on 25A

      Completely renovated corner building with high visibility and smart technology.
      1221 Route 25A, Smithtown, NY 11787
      View Details
    • $279,000

      Established Restaurant with High Visibility

      Turnkey restaurant for sale in prime location.
      53 W Main St, Smithtown, NY 11787
      View Details
    • Contact for pricing
      3,960 SF

      Smithtown Commercial Property For Sale

      Centrally located property suitable for office, retail, or light manufacturing.
      18 Bellemeade Ave, Smithtown, NY 11787
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo

      Smithtown Garages with Office Space

      Three garages with office space and full bathroom for rent.
      1039 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $2,800 /Mo
      1,200 SF

      Renovated Mixed-Use Space Available

      Recently renovated mixed-use space near Main Street and train station.
      49 Landing Ave, Smithtown, NY 11787
      View Details
    • $240 SF/Yr
      26,000 SF

      Prime Smithtown Retail Space

      26,000 SF Free-Standing Retail Building
      200 Landing Ave, Smithtown, NY 11787
      View Details
    • $25 SF/Yr
      9,700 SF

      Smithtown Retail Space For Lease

      Prime Smithtown location, 4,850 sq ft available.
      1 Main St, Smithtown, NY 11787
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Busy Center

      Retail space available in a busy Smithtown shopping center.
      232-248 Smithtown Blvd, Smithtown, NY 11787
      View Details
    • Contact for pricing
      2,115 SF

      Retail Space in Village Commons

      Retail space for lease in Smithtown's Village Commons.
      18 E Main St, Smithtown, NY 11787
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    945 Jericho Tpke
    Smithtown, NY 11787
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!