Freestanding Retail Property in Port
For Sale
Contact for pricing
1000 Port Washington Blvd, Port Washington, NY
Single-tenant net lease investment in affluent Port Washington.
Property Size3,352 SF
Lot Size0.24 Acres
Price / SF$745.82
Days on Market371
Property Features for 1000 Port Washington Blvd
General Information
Standard status
Active
Size
3,352 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Listing Agency:
Meridian Capital Group
(212) 468-5959
Listed By:
Amit Doshi · License #10301207794
(212) 468-5959
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Jul 6
Last Checked: Aug 16 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group
Investment Insights
Based on property information with market context.
The property at 1000 Port Washington Boulevard is a freestanding retail building located in Port Washington, Nassau County. The property is currently occupied by Dime Community Bank. Upon sale, Dime Community Bank will enter into a long-term net-net lease. The property offers visibility along a key corridor in Nassau County. Dime Community Bank has an extensive presence across the New York metro area and over 150 years of operating history. The building has a size of 3,352 square feet.
Key Highlights
- Long‑term NN lease with Dime Community Bank provides a secure income stream.
- Freestanding retail property in affluent Port Washington, Nassau County.
- Minimal landlord responsibilities due to the NN lease structure.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,139
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,102,780
$3.1M
Cap Rate 7%
$2,216,271
$2.2M
Cap Rate 9%
$1,723,767
$1.7M
Market Conditions
NOI Build-Up for 3,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$221.2K $66.00/SF
− Vacancy
−$14.4K −$4.29/SF
EGI
$206.9K $61.71/SF
− OpEx
−$51.7K −$15.43/SF
NOI
$155.1K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,102,780
Cap Rate 7%
$2,216,271
Cap Rate 9%
$1,723,767
Alternative Uses
Best Use
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,139 @ 7.0% cap · market cap 6.21%
Second Best
Retail
$948.3K
$829.8K – $1.11M
NOI $66,380 @ 7.0% cap · market cap 2.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Home Improvements & Furnishings 11%
Dining 7%
Electronics 2%
Chase Bank
Shops & Services
10,875 visits/mo
0.3 miles
Bank of America
Shops & Services
9,565 visits/mo
0.2 miles
BP
Shops & Services
8,285 visits/mo
0.4 miles
True Value Hardware
Home Improvements & Furnishings
7,914 visits/mo
0.3 miles
BP
Shops & Services
6,977 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Single-tenant net lease investment in affluent Port Washington.
Where is this bank located?
The property is located at 1000 Port Washington Blvd Port Washington, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Long‑term NN lease with Dime Community Bank provides a secure income stream.; Freestanding retail property in affluent Port Washington, Nassau County.; Minimal landlord responsibilities due to the NN lease structure.
