Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Centereach Center Retail Investment Title is generated by Realmo AI

    1980 Middle Country Rd, Centereach, NY

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fully leased retail center in central Suffolk County.

    Type:RETAIL
    Property size:
    87,949 SF
    Lot size:
    9.44 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    428
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 1980 Middle Country Rd

    General Information

    Standard status
    Active
    Size
    87,949 SF
    Lot size
    9.44 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Gary J. Chimeri

    Listing agent Gary J. Chimeri

    Listing office Paramount Properties Group, Inc.

    Listing date Apr 4, 2025

    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 Paramount Properties Group, Inc.

    HighLights

    • Zero vacancy with 14 tenants provides immediate cash flow.
    • Located in Central Suffolk on Middle Country Rd. (NY‑25).
    • Total of 87,949 SF of retail space across two buildings.
    • Close proximity to both the LIE and Sunrise Highway.
    • Less than 10% of rent roll expires by Sep. ‘25, ensuring stable income.
    • Multi‑tenanted retail buildings.

    Overview

    The Centereach Center is a retail property located in central Suffolk County. The property consists of two multi-tenanted retail buildings totaling 87,949 square feet. It is situated on Middle Country Road (NY-25), with proximity to the Long Island Expressway and Sunrise Highway. The center is currently fully occupied with 14 tenants. Less than 10% of the rent roll expires by September 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Centereach Square — 141 Centereach Mall, Centereach, NY 11720
    • Escape Hour — 65 Centereach Mall, Centereach, NY 11720

    Location Insight

    • Map
    • Local Demand
    City
    Centereach
    County
    Suffolk
    State
    New York
    Longitude
    -73.0827
    Latitude
    40.8581

    Nearby Similar for Sale

    • $629,777
      1,550 SF

      Rebuilt Ranch in Prime Location

      Completely renovated Centereach ranch with modern finishes and open interiors.
      101 Rustic Road, Centereach, NY 11720
      View Details
    • $699,000

      Centereach Office Space For Sale

      Office spaces in high-traffic Centereach location on Middle Country Road.
      2539 Middle Country Road, Centereach, NY 11720
      View Details
    • $1,500,000
      3,500 SF

      Centereach Retail Building For Sale

      Free-standing retail building with stable income and redevelopment potential.
      1442 Middle Country Rd, Centereach, NY
      View Details
    • Contact for pricing
      3,549 SF

      Established Dental Office For Sale

      Long-term dental tenant in medical corridor.
      1 Mark Tree Road, Centereach, NY, 11720
      View Details
    • $1,999,000
      4,200 SF

      Freestanding Retail Building For Sale

      Highly visible, renovated retail building with flexible zoning and ample parking.
      2845 Middle Country Rd, Centereach, NY
      View Details
    • $450,000

      Turnkey Meat & Grocery Store

      Fully equipped meat and grocery operation with walk-in cooler, POS, and surveillance in a busy shopping center.
      1951 middle country Road, Centereach, NY 11720
      View Details
    • $10,440,000
      58,000 SF

      Centereach Retail Property For Sale

      58,000 SF retail property in Centereach, NY.
      2100 Middle Country Rd, Centereach, NY
      View Details
    • $2,500,000
      5,600 SF

      Centereach Retail Redevelopment Opportunity

      Free-standing retail site with redevelopment potential and ample parking.
      14 Dawn Dr, Centereach, NY
      View Details

    FAQs

    What type of property is this?
    Shopping center - Fully leased retail center in central Suffolk County.
    Where is this shopping center located?
    The property is located at 1980 Middle Country Rd Centereach, NY.
    What are key features of this property?
    This property features: Zero vacancy with 14 tenants provides immediate cash flow.; Located in Central Suffolk on Middle Country Rd. (NY‑25).; Total of 87,949 SF of retail space across two buildings.
    (516) 286-5177 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gary J. Chimeri
    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
    1980 Middle Country Rd, Centereach, 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!