Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2019 Merrick Rd Merrick, NY 11566

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with on-site parking in high-traffic Nassau County.

    Property size:
    960 SF
    Lot size:
    0.77 Acres

    Property Features for 2019 Merrick Rd

    General Information

    Size
    960 SF
    Lot size
    0.77 Acres

    We can help!

    Listing Contact
    Jason Sobel
    Source: Moodyscre

    Listing Agent: Jason Sobel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space with Private Parking

    This retail space features an on-site private parking lot with capacity for over 85 cars. Situated in a densely populated Nassau County neighborhood characterized by high average household incomes, the property benefits from a strong residential and retail trade area. Its location near the entrance to the Meadowbrook Parkway provides high visibility and accessibility. Traffic counts indicate approximately 33,500 vehicles per day on Merrick Road and 123,000 vehicles per day on the Meadowbrook Parkway. The property offers 960 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucent nails spa Nail Salon Generation Edge Salon Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrick
    County
    Nassau
    State
    New York
    Longitude
    -73.553887
    Latitude
    40.668843

    Nearby Similar for Lease

    • $5,757 /Mo
      5,212 SF

      Merrick Road Office Building

      Two-story office building with ample parking on Merrick Road.
      2209 Merrick Rd, Merrick, NY 11566
      View Details
    • New
      $4,200 /Mo

      Renovated Office Space, Merrick, NY

      Newly renovated professional office space in prime Merrick Avenue location.
      1695 Merrick Ave, Merrick, NY 11566
      View Details
    • $1,325 /Mo
      7,209 SF

      Professional Office Space For Rent

      Professional office space in prime location, utilities included, parking available.
      1745 Merrick Ave, Merrick, NY 11566
      View Details
    • New
      $8,000 /Mo
      10,415 SF

      Merrick Retail Space For Rent

      High-visibility retail space on Long Island's busy Merrick Road.
      2056 Merrick Rd, Merrick, NY 11566
      View Details
    • $4,000 /Mo
      1,128 SF

      Merrick Retail Space For Rent

      Vacant storefront in prime Merrick Avenue location, ready for build-out.
      373 Merrick Ave, Merrick, NY 11566
      View Details
    • $3,850 /Mo
      6,992 SF

      Retail Space in Prime Location

      Retail space for rent in a prime Merrick location.
      139-145 Merrick Ave, Merrick, NY 11566
      View Details
    • $1,875 /Mo
      750 SF

      Merrick Retail Space For Lease

      750 SF retail space in the heart of Merrick.
      17b Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      2,537 SF

      Merrick Ave Executive Office Suites

      Prime Merrick Office Space Available
      28 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      14,489 SF

      Retail Space in High-Income Area

      Street-front retail location near major retailers and transportation.
      117 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      665 SF

      Corner Office Space Available

      Second-floor office space near Merrick LIRR station.
      28-36 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      10,302 SF

      Retail Space in Merrick Commons

      Retail space with high visibility in an upscale neighborhood.
      1686 Merrick Rd, Merrick, NY 11566
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Train Stations

      Retail space available near Merrick and Bellmore train stations.
      2318-2336 Merrick Rd, Merrick, NY 11566
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with on-site parking in high-traffic Nassau County.
    Where is this retail space located?
    The property is located at 2019 Merrick Rd Merrick, NY.
    What are key features of this property?
    This property features: - 85+ car private parking lot on-site; - High traffic location with 33,500 vehicles per day on Merrick Road; - Located near the entrance to the Meadowbrook Parkway, with 123,000 vehicles per day
    (516) 933-8880
    Request Owner's contact information
    2019 Merrick Rd Merrick, NY 11566
    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.
    2019 Merrick Rd
    Merrick, NY 11566
    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
    2019 Merrick Rd Merrick, NY 11566
    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

    We can help!
    Listing Contact
    Jason Sobel
    (516) 933-8880
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.