Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    100 Long Is Expy Smithtown, NY

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

    Highly accessible land parcel in a major retail hub.

    Lot size:
    2.06 Acres

    Property Features for 100 Long Is Expy

    General Information

    Lot size
    2.06 Acres

    We can help!

    Listing Contact
    Brian Schuster
    Brian Schuster
    Source: Moodyscre

    Listing Agent: Brian Schuster

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

    Learn more

    Overview

    Prime Commercial Land for Lease

    This commercial land is situated at a super regional location at the crossroads of the Long Island Expressway, Sagtikos Parkway, Commack Road, and Crooked Hill Road. The property is positioned in the heart of an area featuring 1.5 million square feet of big box retail. Drive-through concepts are permitted on the site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.2006687
    Latitude
    40.8559314

    Nearby Similar for Lease

    • $35 SF/Yr
      6,720 SF

      Smithtown Retail Space For Rent

      Retail storefronts available for lease in Smithtown, New York.
      69 Smithtown Blvd, Smithtown, NY 11787
      View Details
    • $899,999
      2,573 SF

      Smithtown Commercial Building For Lease

      Flexible commercial space in Smithtown with high visibility and access.
      47 W Main St, Smithtown, NY 11787
      View Details
    • $2,400 /Mo
      5,663 SF

      Smithtown Office Space For Rent

      Freestanding building with open floor plan and hardwood floors.
      401 W Main St, Smithtown, NY 11787
      View Details
    • $2,250 /Mo
      1,196 SF

      Smithtown Office Space For Rent

      Charming office space with convenient access to amenities and transportation.
      23 Bellemeade Ave, Smithtown, NY 11787
      View Details
    • $3,300 /Mo

      Smithtown Garages with Office Space

      Three garages with office space and full bathroom for rent.
      1039 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $3,300 /Mo
      22,651 SF

      Turnkey Office Space in Smithtown

      Professional office space in a prime Smithtown location for rent.
      186 W Main St, Smithtown, NY 11787
      View Details
    • $2,700 /Mo
      2,261 SF

      Smithtown Office Space For Rent

      Fully equipped office space in Smithtown, available for immediate occupancy.
      12 Manor Rd, Smithtown, NY 11787
      View Details
    • $2,800 /Mo
      1,200 SF

      Renovated Mixed-Use Space Available

      Recently renovated mixed-use space near Main Street and train station.
      49 Landing Ave, Smithtown, NY 11787
      View Details
    • $2,800 /Mo
      18,731 SF

      Renovated Commercial Space in Smithtown

      Prime, renovated commercial space near Main Street and train station.
      49 Landing Ave, Smithtown, NY 11787
      View Details
    • Contact for pricing
      134,000 SF

      Hauppauge Shopping Center Opportunity

      High-traffic retail center, spaces available
      371 Smithtown Byp, Smithtown, NY 11788
      View Details
    • $30 SF/Yr
      9,000 SF

      New Medical Office Park

      New medical office park with custom-built suites available for rent.
      359 New York 111, Smithtown, NY 11787
      View Details
    • $3,200 /Mo

      Smithtown Commercial Space For Rent

      1700 sqft commercial space in prime Smithtown location.
      45 E Main St NE, Smithtown, NY 11787
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly accessible land parcel in a major retail hub.
    Where is this commercial land located?
    The property is located at 100 Long Is Expy Smithtown, NY.
    What are key features of this property?
    This property features: - Super regional location at the crossroads of major expressways and parkways.; - Located in the heart of 1.5M square feet of big box retail.; - Drive thru concepts are permitted.
    (516) 933-8880
    Request Owner's contact information
    100 Long Is Expy Smithtown, NY
    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.
    100 Long Is Expy
    Smithtown, NY
    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
    100 Long Is Expy Smithtown, NY
    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
    Brian Schuster
    Brian Schuster
    (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.