Add Listing
    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

    401 Merrick Rd Rockville Centre, NY 11570

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $849,000

    Income-generating duplex in Rockville Centre with long-term tenants.

    Lot size:
    0.28 Acres

    Property Features for 401 Merrick Rd

    General Information

    Property type
    Other
    Standard status
    Pending
    Lot size
    0.28 Acres

    Building Details

    Year built
    1926

    We can help!

    Listing Contact
    Dina Caffrey Cbr
    Source: Elliman

    Listing Agent: Dina Caffrey Cbr

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

    Learn more

    Property Insight Report

    Overview

    Rockville Centre Income Property

    This property is located in the Incorporated Village of Rockville Centre and is part of the Rockville Centre School District. It is currently configured as a duplex. The first floor features two bedrooms, a newer kitchen, an updated bathroom, hardwood floors, and a living room/dining room combination with a fireplace. It also has basement access for storage. The second floor includes an eat-in kitchen, two bedrooms, and a walk-up attic for storage. The property includes an extra-large, fenced-in, paved yard in the back. There is ample parking space for tenants' cars outside the paved yard, but still on the property. The home is fully occupied. The downstairs tenant has a lease until November 30, 2025. The upstairs tenant is on a month-to-month lease and has been a long-term tenant for over 20 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Capitol Collision Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville Centre
    County
    Nassau
    State
    New York
    Longitude
    -73.626078
    Latitude
    40.653803

    Nearby Similar for Sale

    • $235,000
      550 SF

      Elmwood House Live-Work Space

      Live-work space in Rockville Centre with included utilities.
      21 S Village Ave, Rockville Centre, NY 11570
      View Details
    • $289,000
      Pending

      Former Medical Office in Rockville

      First-floor professional suite with flexible layout in prime location.
      195 N Vlg Ave Unit, Rockville Centre, NY 11570
      View Details
    • $599,999
      1,700 SF

      Ground-Level Office in High-Traffic Area

      Spacious office space with private rooms, reception, and parking.
      200 N Village Ave, Rockville Centre, NY 11570
      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 Ave, Rockville Centre, NY 11570
      View Details
    • $1,599,000
      0.23 Acres

      Renovated Three-Family Home

      Newly renovated three-family home near Downtown Rockville Centre.
      38 Vincent St, Rockville Centre, NY 11570
      View Details
    • $126,000

      Established Rockville Centre Café Opportunity

      Full-service café in Rockville Centre with strong client base.
      100 Merrick Rd, Rockville Centre, NY 11570
      View Details
    • $1,850,000
      6,000 SF

      Oceanside Retail Opportunity For Sale

      6,000 SF commercial property in high-traffic Oceanside location.
      200 Atlantic Ave, Oceanside, NY 11572
      View Details
    • $789,000
      Pending

      Oceanside Legal Two-Family Residence

      Legal two-family home with income potential in Oceanside, NY.
      25 Sunnybrook Dr E, Oceanside, NY 11572
      View Details
    • $849,000
      0.18 Acres

      Rockville Centre Multi-Family Home

      Two-family home with finished basement and detached garage in Rockville Centre.
      15 Water St, Rockville Centre, NY 11570
      View Details
    • $949,000
      Pending

      Oceanside Duplex: Income Opportunity

      Spacious Oceanside duplex on a large lot, ideal for investors.
      204 Bayside Ave, Oceanside, NY 11572
      View Details
    • $999,000
      Pending

      Spacious Two-Family Home Near Hospital

      Large duplex near Mount Sinai Hospital with income potential.
      621 Merrick Rd, Rockville Centre, NY 11570
      View Details
    • $4,999,000
      28,500 SF

      Rockville Centre Office Building For Sale

      28,500 SF office building on Sunrise Highway, Rockville Centre.
      486 Sunrise Hwy, Rockville Centre, NY 11570
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-generating duplex in Rockville Centre with long-term tenants.
    Where is this duplex located?
    The property is located at 401 Merrick Rd Rockville Centre, NY.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Located in Rockville Centre with Rockville Centre Schools.; - Two units: downstairs tenant with lease until Nov 30th 2025, upstairs tenant month-to-month.; - Extra large, fenced-in, paved backyard.
    (516) 536-8100
    Request Owner's contact information
    401 Merrick Rd Rockville Centre, NY 11570
    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.
    401 Merrick Rd
    Rockville Centre, NY 11570
    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
    401 Merrick Rd Rockville Centre, NY 11570
    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
    Dina Caffrey Cbr
    (516) 536-8100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!