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

    1864-1868 Deer Park Ave Deer Park, NY 11729

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,450,000

    Two retail strip centers in a prominent retail corridor.

    Property size:
    7,350 SF
    Lot size:
    0.30 Acres

    Property Features for 1864-1868 Deer Park Ave

    General Information

    Size
    7,350 SF
    Lot size
    0.30 Acres

    We can help!

    Listing Contact
    Michael Tuccillo
    Michael Tuccillo
    Source: Moodyscre

    Listing Agent: Michael Tuccillo

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

    Learn more

    Property Insight Report

    Overview

    Retail Strip Centers For Sale

    Two side-by-side retail strip centers are available for purchase on Deer Park Avenue in Deer Park, New York. The property includes a gross lot of 0.50 acres and a gross leasable area of 7,350 square feet. The location is in a prominent retail corridor, near a Tanger Outlet, a Stop & Shop-anchored shopping center, and the Deer Park Long Island Rail Road Station. The property is just east of Sagtikos Parkway, which connects to I-495 and the Southern Parkway, with a traffic volume exceeding 98,000 vehicles per day. The surrounding area has a population of over 124,000 within a three-mile radius, with an average household income exceeding $112,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Suffolk
    State
    New York
    Longitude
    -73.328471
    Latitude
    40.759794

    Nearby Similar for Sale

    • $7,495,000
      23,312 SF

      Renovated Industrial Warehouse with Office

      23,312 SF industrial warehouse with modern upgrades in Deer Park.
      243 Skidmore Rd, Deer Park, NY 11729
      View Details
    • $2,500,000
      1,302 SF

      Corner Gas Station For Sale

      Gas station on large lot with redevelopment potential in Deer Park.
      257 Bay Shore Rd, Deer Park, NY 11729
      View Details
    • Contact for pricing
      21,600 SF

      21,600 SF Office/Warehouse Space

      Office and warehouse space suitable for manufacturing or industrial facilities.
      71 E Industry Ct, Deer Park, NY 11729
      View Details
    • $1,299,000
      2,200 SF

      Medical Office Building For Sale

      Medical office building in Deer Park, delivered vacant.
      1993 Deer Park Ave, Deer Park, NY 11729
      View Details
    • Contact for pricing
      10,000 SF

      Fenced Lot Warehouse Opportunity

      Warehouse on 1.56 acre lot, convenient location.
      573 Brook Ave, Deer Park, NY 11729
      View Details
    • $65,000

      Renovated Salon in Deer Park

      Renovated salon for sale in the heart of Deer Park.
      341 Bay Shore Rd, Deer Park, NY 11729
      View Details
    • $16,000,000
      2,850 SF

      Two Industrial Buildings on 5.88 Acres

      Two industrial buildings on a 5.88 acre site.
      1007-1013 Long Island Ave, Deer Park, NY 11729
      View Details
    • $65,000
      5,130 SF

      Renovated Salon in Deer Park

      Renovated salon for sale in the heart of Deer Park.
      341 Bay Shore Rd, Deer Park, NY 11729
      View Details
    • $1,850,000
      1,344 SF

      Deer Park Industrial Warehouse

      1,344 SF Warehouse, Huge Lot Potential
      19 Corbin Ave, Deer Park, NY 11729
      View Details

    FAQs

    What type of property is this?
    Strip mall - Two retail strip centers in a prominent retail corridor.
    Where is this strip mall located?
    The property is located at 1864-1868 Deer Park Ave Deer Park, NY.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: - Excellent location in a prominent retail corridor.; - High traffic volume: Over 98,000 vehicles per day on Sagtikos Parkway.; - Strong demographics: Over 124,000 residents within a 3-mile radius with an average household income exceeding $112,000.
    (212) 430-5196
    Request Owner's contact information
    1864-1868 Deer Park Ave Deer Park, NY 11729
    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.
    1864-1868 Deer Park Ave
    Deer Park, NY 11729
    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
    1864-1868 Deer Park Ave Deer Park, NY 11729
    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
    Michael Tuccillo
    Michael Tuccillo
    Real Estate License ID: NY 10401244358
    (212) 430-5196
    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.