Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    62-76 S Long Beach Rd Rockville Centre, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Former auto repair shop and restaurant on 18,400 SF lot.

    Type:RETAIL
    Property size:
    9,900 SF
    Lot size:
    0.42 Acres
    Added:
    Jun 29, 2023
    Days on Market:
    1036
    Last Refresh:
    Apr 5 at 10:17 pm

    Property Features for 62-76 S Long Beach Rd

    General Information

    Standard status
    Active
    Size
    9,900 SF
    Lot size
    0.42 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Eitan Agbashoff
    Eitan Agbashoff

    Listing agent Eitan Agbashoff

    Listing office Greiner-Maltz Real Estate - Corporate

    Listing date Jun 29, 2023

    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 Greiner-Maltz Real Estate - Corporate

    Overview

    Vacant Auto Shop and Restaurant

    The property, formerly an auto repair shop and restaurant, is currently vacant. It features a lot size of 18,400 square feet with irregular dimensions of 207 feet by 110 feet. The location experiences heavy vehicular traffic.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    • Euro Conceptz — rear entrance, 2879 long beach rd, oceanside, ny 11572
    • Osborne corp shop — 2827 Long Beach Rd, Oceanside, NY 11572
    • Danny's Auto Repair — 2872 Lower Lincoln Ave, Oceanside, NY 11572
    • Oceanside Wheel Alignment — 2879 Long Beach Rd, Oceanside, NY 11572
    • Extreme Muscle Performance — 2879 Long Beach Rd, Oceanside, NY 11572

    Location Insight

    • Map
    • Local Demand
    City
    Rockville Centre
    County
    Nassau
    State
    New York
    Longitude
    -73.6333
    Latitude
    40.6562

    Nearby Similar for Sale

    • $235,000

      Elmwood House Live-Work Space

      Live-work space in Rockville Centre with included utilities.
      21 S Village Avenue, Rockville Centre, NY 11570
      View Details
    • $400,000

      Turnkey Restaurant in Rockville Centre

      Profitable restaurant near public transportation and movie theatre.
      Rockville Centre, NY
      View Details
    • $250,000

      Unique Rockville Centre Live-Work Space

      Mixed-use co-operative unit ideal for live-work, pet-friendly community.
      23 S Village Avenue, Rockville Centre, NY 11570
      View Details
    • $1,599,000

      Renovated Three-Family Home

      Newly renovated three-family home near Downtown Rockville Centre.
      38 Vincent St, Rockville Centre, NY 11570
      View Details
    • $499,000
      1,700 SF

      Professional Co-op Ready for Occupancy

      Turnkey 1,700 SF professional co-op with flexible use.
      200 N. Village Ave 101A, Rockville Centre, NY 11570
      View Details
    • $1,899,999
      3,460 SF

      Renovated Professional Building in Rockville

      3,460 SF professional office building in downtown Rockville Centre.
      19 Morris Ave, Rockville Centre, NY 11570
      View Details
    • $849,000

      Rockville Centre Multi-Family Home

      Two-family home with finished basement and detached garage in Rockville Centre.
      15 Water Street, Rockville Centre, NY 11570
      View Details
    • $1,250,000
      3,000 SF

      Mixed-Use Commercial Building Opportunity

      Mixed-use commercial building in a high-traffic area.
      228 Merrick Rd, Rockville Centre, NY 11570
      View Details
    • $400,000

      Turnkey Restaurant in Rockville Centre

      Profitable restaurant near public transportation and movie theatre.
      Rockville Centre NY 11570, Rockville Centre, NY 11570
      View Details
    • $400,000

      Turnkey Restaurant in Rockville Centre

      Profitable restaurant near public transportation and movie theatre.
      Rockville Centre NY 00000, Rockville Centre, NY 00000
      View Details
    • $3,799,000
      12,493 SF

      Rockville Centre Office Building Portfolio

      Two office buildings for sale in Rockville Centre, New York.
      55 Front St, Rockville Centre, NY
      View Details
    • $4,249,999
      15,300 SF

      Sunrise Highway Retail Opportunity

      Two vacant buildings on Sunrise Highway, Rockville Centre.
      490 Sunrise Hwy, Rockville Centre, NY
      View Details

    FAQs

    What type of property is this?
    Auto shop - Former auto repair shop and restaurant on 18,400 SF lot.
    Where is this auto shop located?
    The property is located at 62-76 S Long Beach Rd Rockville Centre, NY.
    What are key features of this property?
    This property features: Large 18,400 sf lot size; High vehicular traffic location; Dimensions: 207 ft x 110 ft (irregular)
    (718) 786-5050 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eitan Agbashoff
    Eitan Agbashoff
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!