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

    45 Carmans Rd Massapequa, NY 11758

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,200,000

    Prime commercial property with stable tenant and luxury renovation.

    Lot size:
    0.95 Acres

    Property Features for 45 Carmans Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.95 Acres

    We can help!

    Listing Contact
    Hsin Yuan Yang
    Source: Elliman

    Listing Agency: E Realty International Corp Listing Agent: Hsin Yuan Yang

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

    Learn more

    Overview

    Massapequa Commercial Property For Sale

    This commercial property in Massapequa, New York, presents an investment opportunity with a stable tenant and 8 years remaining on the current lease. The property has been fully upgraded with a stylish bar and fine dining setup. It features a large capacity, seating over 250 guests, and includes 2 private party rooms. Ample parking is available with 86 dedicated parking spaces. The property is located in a high-traffic area near Macy’s, Dick’s Sporting Goods, banks, and shopping centers, offering excellent growth potential.
    Location Intelligence

    Current Use by Public Records

    Seafood Restaurant Restaurant Ginza Restaurant Cinnabar Restaurant Ben's Crab Massapequa Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Intriguing Vegan

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa
    County
    Nassau
    State
    New York
    Longitude
    -73.430059
    Latitude
    40.684137

    Nearby Similar for Sale

    • $879,888
      0.36 Acres

      Legal Two-Family Home in Massapequa

      Versatile two-family residence with potential for multi-generational living or income.
      137 Melrose Ave, Massapequa, NY 11758
      View Details
    • New
      $1,191,800
      0.11 Acres

      Massapequa Storefront on Busy Street

      Storefront with high traffic, open space, and large basement.
      1091 N Broadway, Massapequa, NY 11758
      View Details
    • $3,200,000
      5,304 SF

      Massapequa Retail Investment Opportunity

      Prime commercial property with stable tenant and luxury renovation.
      45 Carmans Rd, Massapequa, NY 11758
      View Details
    • $1,325,000
      3,700 SF

      Massapequa Commercial Office & Warehouse

      Two-story office, warehouse, and residential dwelling on a corner lot.
      150 Jerusalem Ave, Massapequa, NY 11758
      View Details
    • Contact for pricing

      Massapequa Office Building For Sale

      Office building in Massapequa, NY with recent renovations.
      941 Carmans Rd, Massapequa, NY 11758
      View Details
    • $890,888

      Massapequa Freestanding Office Building For Sale

      Freestanding office building in Massapequa with parking and signage.
      190 Margaretta Ave, Massapequa, NY 11758
      View Details
    • $1,300,000

      Retail Building on Broadway

      2504 Sqft retail building on 0.532 acre lot.
      555 Broadway, Massapequa, NY 11758
      View Details
    • $1,599,900

      Massapequa Retail Investment Opportunity

      Retail property in high-traffic Massapequa location with income potential.
      4342-4348 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,300,000
      Pending

      Retail Building on Broadway

      2504 SF retail building on 0.532 acre lot.
      555 Broadway, Massapequa, NY 11758
      View Details
    • $1,699,000

      Massapequa Retail Stores For Sale

      Three retail stores in high-traffic Massapequa location.
      4342-4348 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,943,000
      3,599 SF

      Massapequa Retail Investment Opportunity

      High-traffic retail strip, strong income.
      4342 Merrick Rd, Massapequa, NY 11758
      View Details
    • $549,500

      Massapequa Commercial Office Space

      High-Visibility Office, Ample Parking
      5514 Merrick Rd, Massapequa, NY 11758
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime commercial property with stable tenant and luxury renovation.
    Where is this restaurant located?
    The property is located at 45 Carmans Rd Massapequa, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Stable Tenant – 8 years remaining on current lease; - Prime Location – High-traffic area near Macy’s, Dick’s Sporting Goods, banks, and shopping centers, offers excellent growth potential; - Large Capacity – Seats 250+ guests plus 2 private party rooms
    (646) 688-8998
    Request Owner's contact information
    45 Carmans Rd Massapequa, NY 11758
    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.
    45 Carmans Rd
    Massapequa, NY 11758
    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
    45 Carmans Rd Massapequa, NY 11758
    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
    Hsin Yuan Yang
    Real Estate License ID: 10311205376
    (646) 688-8998 (718) 886-8110
    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!