Property profile

998 Old Country Rd Plainview, NY 11803

FOR LEASE
Strip malls
Property ID
US63-1802416
8,000 SF 0.32 ac lot Built 1963
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, constructed in 1963, offers a prime opportunity in Plainview, NY. Located at 998 Old Country Rd, 11803, the property boasts a total of 17,736 square feet, currently featuring 2,603 square feet of immediately available space. The building is classified as a traditional office space, also suitable for executive office suites, and is configured for multiple tenants. The property benefits from abundant parking, a significant advantage in this location. The building's single structure is well-maintained and presents a strong opportunity for businesses seeking a well-established presence in Plainview. The available 2,603 square feet provides ample space for a variety of office configurations. The building's location on Old Country Road offers excellent visibility and signage opportunities, enhancing brand awareness and attracting potential clients. This property is ideal for businesses seeking a functional and conveniently located office space in a thriving Long Island community. The existing infrastructure and ample parking make this a highly attractive option for companies of all sizes. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,000 SF
Lot 0.32 ac (13,983 SF)
APN 12-555-00-0010
UPID US63-1802416

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Real Estate Agency
  • Law Firm
  • Law Firm
  • Law Firm

Location

998 Old Country Rd Plainview, NY 11803
Plainview metro Census 519704 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.98M

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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