Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space at Signalized Intersection Title is generated by Realmo AI

    20-74 Deer Park Ave, Deer Park, NY

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail opportunity at a high-traffic, easily accessible location.

    Type:RETAIL
    Property size:
    1,440 SF
    Lot size:
    4.98 Acres
    Added:
    Jan 18, 2024
    Days on Market:
    871
    Last Refresh:
    May 20 at 9:02 pm

    Property Features for 20-74 Deer Park Ave

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Lot size
    4.98 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 20-74 Deer Park Ave Contact us

    We can help!

    Listing Contact
    Joanne Argenti
    Joanne Argenti

    Listing agent Joanne Argenti

    Listing office RIPCO Real Estate - Long Island

    Listing date Jan 18, 2024

    Source Moodyscre

    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 RIPCO Real Estate - Long Island

    HighLights

    • High traffic location: Over 45,700 vehicles passing daily.
    • Tremendous visibility.
    • 6 easy access points to the center.
    • Anchor opportunity available.
    • Located at the signalized intersection of Deer Park Avenue and Bay Shore Road.
    • Two pylons — one on Deer Park Avenue and Bay Shore Road.

    Overview

    This retail property is located at the signalized intersection of Deer Park Avenue and Bay Shore Road. The location benefits from high traffic volume, with over 45,700 vehicles passing the site daily. The property offers tremendous visibility and features six access points. Two pylons are present, one on Deer Park Avenue and another on Bay Shore Road. An anchor opportunity is available. The property offers 1,440 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Deer Park Shopping Center — 1960 Deer Pk Rd, Deer Park, NY 11729

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Suffolk
    State
    New York
    Longitude
    -73.3255
    Latitude
    40.751

    Nearby Similar for Lease

    • $3,500/Mo
      1,200 SF

      Retail Space in Deer Park

      1,200 sq ft storefront in high-traffic Deer Park location.
      632 Long Island Avenue, Deer Park, NY 11729
      View Details
    • $3,800/Mo
      1,200 SF

      Prime Deer Park Commercial Space

      1200 sqft commercial space in high-traffic Deer Park location.
      1807 Deer Park Avenue, Deer Park, NY 11729
      View Details
    • $18,000/Mo
      11,000-11,000 SF

      Warehouse & Flex Space Available

      Warehouse or flex space opportunity in Deer Park with parking.
      22 Connor Lane, Deer Park, NY 11729
      View Details
    • Contact for pricing
      1,200 SF

      Deer Park Commercial Space For Rent

      Prime commercial space in high-traffic Deer Park location.
      1807 Deer Park Ave 2, Deer Park, NY 11729
      View Details
    • $16 SF/Yr
      1,250 SF

      Deer Park Flex/Industrial Space

      Flex/industrial space available for lease in Deer Park, NY.
      65 Brook Ave, Deer Park, NY 11729
      View Details
    • $16 SF/Yr
      7,000 SF

      Industrial Space Available in 2025

      Industrial space available for rent in Deer Park, NY.
      561 Acorn St, Deer Park, NY
      View Details
    • $16 SF/Yr
      2,500 SF

      Move-in Ready Industrial Unit

      Industrial unit with office space, convenient location, separate utilities.
      44 W Jefryn Blvd, Deer Park, NY
      View Details
    • Contact for pricing
      6,760 SF

      Industrial Space Near Major Highways

      6,760 SF industrial space, convenient location, close to amenities.
      681 Grand Blvd, Deer Park, NY
      View Details
    • $3,500/Mo
      1,800 SF

      Industrial Space with Fenced Yard

      Industrial space for rent with paved and fenced yard.
      955 Long Island Ave, Deer Park, NY
      View Details
    • Contact for pricing
      3,086 SF

      Office Space with Utilities Included

      Office space with 24/7 access, utilities included, and excellent parking.
      994 Jericho Tpke, Deer Park, NY
      View Details
    • $8,000/Mo

      Warehouse Space for Lease

      Warehouse space available immediately with flexible lease terms.
      175 Brook Ave, Deer Park, NY
      View Details
    • Contact for pricing
      2,445 SF

      Industrial Space in Executive Square

      Flex/industrial space available for lease in Deer Park, NY.
      100 E Jefryn Blvd, Deer Park, NY
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail opportunity at a high-traffic, easily accessible location.
    Where is this shopping center located?
    The property is located at 20-74 Deer Park Ave Deer Park, NY.
    What are key features of this property?
    This property features: High traffic location: Over 45,700 vehicles passing daily.; Tremendous visibility.; 6 easy access points to the center.
    (516) 933-8880 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joanne Argenti
    Joanne Argenti
    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.
    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

    Thank You for Inquiry
    20-74 Deer Park Ave, Deer Park, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!