Flex Space with
For Sale
$2,999,999
1044 Merrick Road, Baldwin, NY 11510
A customer-facing retail area shares the property with warehouse space and on-site parking.
Property Size8,070 SF
Price / SF$371.75
Days on Market123
Property Features for 1044 Merrick Road
General Information
Standard status
Active
Size
8,070 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, warehouse
Taxes and HOA fees
Annual Taxes
$17,160
Building Details
Building Size
8,070 SF
Year Built
1959
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Jasper Champagne
(347) 375-6663
Source:
Croninreale
Added: Jun 24
Changed: Oct 23
Last Checked: Oct 23 at 4:34PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 8,070-square-foot flex property in Baldwin combines a storefront with warehouse space on the same site. The building dates to 1959 and includes on-site parking.
Located at 1044 Merrick Road, the property places its storefront and warehouse functions together at one address.
Located at 1044 Merrick Road, the property places its storefront and warehouse functions together at one address.
Key Highlights
- 8,070‑square‑foot flex property with storefront and warehouse space
- On‑site parking
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,810
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,196,200
$3.2M
Cap Rate 7%
$2,283,000
$2.3M
Cap Rate 9%
$1,775,667
$1.8M
Market Conditions
NOI Build-Up for 8,070 SF
Gross rent
$242.1K $30.00/SF
− Vacancy
−$13.8K −$1.71/SF
EGI
$228.3K $28.29/SF
− OpEx
−$68.5K −$8.49/SF
NOI
$159.8K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,196,200
Cap Rate 7%
$2,283,000
Cap Rate 9%
$1,775,667
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,810 @ 7.0% cap · market cap 5.33%
Second Best
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,241 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$5.34M
$4.67M – $6.23M
NOI $373,500 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Delicious Moments Caterers — 792 Merrick Rd, Baldwin, NY 11510
- Belkis Bites — 2440 Grand Ave, Baldwin, NY 11510
- Creme De La Ends — 146 Madison Ave, Freeport, NY 11520
- Alegria Restaurant — 397 W Sunrise Hwy, Freeport, NY 11520
Frequently Asked Questions
What type of property is this?
Flex space - A customer-facing retail area shares the property with warehouse space and on-site parking.
Where is this flex space located?
The property is located at 1044 Merrick Road Baldwin, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 8,070‑square‑foot flex property with storefront and warehouse space; On‑site parking; Built in 1959
