6-Unit Retail Strip
For Sale
Contact for pricing
1225-1235 Grundy Ave, Holbrook, NY 11741
Fully occupied 6-unit retail strip mall with parking and strong roadway access.
Property Size5,430 SF
Price / SF$368.32
Days on Market107
Property Features for 1225-1235 Grundy Ave
General Information
Standard status
Active
Size
5,430 SF
Class
C
Property subtype
Retail
Zoning
BU1
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1960
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Century 21 AA Realty
Listed By:
Jason Kontakis · License #10301221180
(631) 226-5995
Source:
Crexi
Added: Jun 5
Changed: Sep 16
Last Checked: Sep 18 at 7:58AM
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 Century 21 AA Realty
Investment Insights
Based on property information with market context.
This for-sale retail property is a 6-unit strip mall featuring storefront-oriented spaces suited for neighborhood retail and service tenants. The property is currently fully occupied with 5 tenants in place, supporting an income-producing tenant mix for prospective buyers. Parking is available on-site, providing convenient access for customers visiting the individual units.
Located at 1225-1235 Grundy Ave in Holbrook, NY, the center offers visibility with neighborhood exposure. The property is described as being close to major roadways, which can support consistent drive-by awareness from surrounding traffic patterns.
For tenants and buyers looking for a compact retail format, the multi-unit configuration allows for a range of occupancy strategies while maintaining a small-center shopping environment. With multiple storefronts, on-site parking, and the current tenant mix, this property offers a practical option for retail ownership or tenancy where convenient access and straightforward customer arrival matter.
Located at 1225-1235 Grundy Ave in Holbrook, NY, the center offers visibility with neighborhood exposure. The property is described as being close to major roadways, which can support consistent drive-by awareness from surrounding traffic patterns.
For tenants and buyers looking for a compact retail format, the multi-unit configuration allows for a range of occupancy strategies while maintaining a small-center shopping environment. With multiple storefronts, on-site parking, and the current tenant mix, this property offers a practical option for retail ownership or tenancy where convenient access and straightforward customer arrival matter.
Key Highlights
- 6 total units retail strip mall on Grundy Ave in Holbrook
- Fully occupied: 5 tenants currently in place
- Year built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,123,240
$2.1M
Cap Rate 7%
$1,516,600
$1.5M
Cap Rate 9%
$1,179,578
$1.2M
Market Conditions
NOI Build-Up for 5,430 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$162.9K $30.00/SF
− Vacancy
−$11.2K −$2.07/SF
EGI
$151.7K $27.93/SF
− OpEx
−$45.5K −$8.38/SF
NOI
$106.2K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,123,240
Cap Rate 7%
$1,516,600
Cap Rate 9%
$1,179,578
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,162 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,796 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
651
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Ralph's Famous Italian Ices
Dining
651 visits/mo
0.1 miles
Demographics for 11741, NY
27,046
Population
9,310
Households
2.9
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
3,606
Density / Sq Mi
$138,417
Median Household Income
$60,648
Median Earnings
$2,434
Median Rent
$504,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied 6-unit retail strip mall with parking and strong roadway access.
Where is this strip mall located?
The property is located at 1225-1235 Grundy Ave Holbrook, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6 total units retail strip mall on Grundy Ave in Holbrook; Fully occupied: 5 tenants currently in place; Year built: 1960
