Fully Occupied Strip
For Sale
$4,500,000
1000 STRAIGHT PATH, West Babylon, NY 11704
Multi-tenant retail property with on-site parking and a broad mix of operating businesses.
Property Size9,617 SF
Price / SF$467.92
Days on Market175
Property Features for 1000 STRAIGHT PATH
General Information
Standard status
Active
Size
9,617 SF
Total Parking Spaces
30
Property subtype
Retail
Occupancy
100%
Net Operating Income
$233,329
Additional Details
Gross Income
$315,907
Amenities
3
Building Details
Tenancy
Multi
Listing Agency:
AllKey Realty Coporation
(917) 754-3463
Listed By:
Shalu Suri
(917) 754-3463
Source:
Xome
Added: Mar 10
Changed: Aug 30
Last Checked: Aug 30 at 9:55PM
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 AllKey Realty Coporation
Investment Insights
Based on property information with market context.
This 9,617-square-foot strip mall at 1000 Straight Path in West Babylon, NY, contains 7 retail units and parking for approximately 30 vehicles. The property is fully occupied and supports a varied group of businesses, including a church, Pizza King, a barber shop, laundromat, Chinese restaurant, bagel shop, and Fuego Bar & Restaurant.
The tenant mix spans food service, personal care, laundry, religious use, and other neighborhood-oriented retail categories. Its configuration provides multiple storefronts within one commercial property, with customer parking serving the retail units. The asset is positioned on Straight Path in West Babylon, providing a defined address for a multi-tenant retail operation.
The tenant mix spans food service, personal care, laundry, religious use, and other neighborhood-oriented retail categories. Its configuration provides multiple storefronts within one commercial property, with customer parking serving the retail units. The asset is positioned on Straight Path in West Babylon, providing a defined address for a multi-tenant retail operation.
Key Highlights
- 9,617‑square‑foot strip mall with 7 retail units
- Approximately 30‑vehicle parking area
- Fully occupied multi‑tenant property
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
$216,013
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
4.80%
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%
$4,320,260
$4.3M
Cap Rate 7%
$3,085,900
$3.1M
Cap Rate 9%
$2,400,144
$2.4M
Market Conditions
NOI Build-Up for 9,617 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
$323.1K $33.60/SF
− Vacancy
−$14.5K −$1.51/SF
EGI
$308.6K $32.09/SF
− OpEx
−$92.6K −$9.63/SF
NOI
$216.0K $22.46/SF
Area
Babylon, NY
Vacancy
4.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,320,260
Cap Rate 7%
$3,085,900
Cap Rate 9%
$2,400,144
Alternative Uses
Best Use
Retail
$3.09M
$2.70M – $3.60M
NOI $216,013 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.10M
$4.47M – $5.95M
NOI $357,291 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
4,237 visits/mo
0.5 miles
Penske Truck Rental
Shops & Services
1,321 visits/mo
0.3 miles
Demographics for 11704, NY
40,367
Population
13,406
Households
3
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.9 sq mi
ZIP Area
5,110
Density / Sq Mi
$127,034
Median Household Income
$55,098
Median Earnings
$2,089
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail property with on-site parking and a broad mix of operating businesses.
Where is this strip mall located?
The property is located at 1000 STRAIGHT PATH West Babylon, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 9,617‑square‑foot strip mall with 7 retail units; Approximately 30‑vehicle parking area; Fully occupied multi‑tenant property
