Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Middle Country Rd Coram, NY 11727

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,500 /Mo

    Corner commercial space with large windows and flexible floor plan.

    Type:Commercial
    Property size:
    2,068 SF
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 6:00 pm

    Property Features for 31 Middle Country Rd

    General Information

    Standard status
    Active
    Size
    2,068 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Julie Vitrano SFR
    Julie Vitrano SFR

    Listing agent Julie Vitrano SFR

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Julie Vitrano SFR

    Overview

    High-Visibility Corner Commercial Space

    This high-visibility corner commercial space offers approximately 2,068 square feet in Coram Plaza. The space features large storefront windows that provide excellent natural light, an open and flexible floor plan, two existing bathrooms, and a rear door. The property is zoned J2. Convenient access and on-site parking are available in the front and rear. Pylon signage is included. The location is well-suited for appointment-based or destination businesses seeking visibility at a competitive rate. The bike score is 53, indicating it is bikeable, and the walk score is 55, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Coram
    County
    Suffolk
    State
    New York
    Longitude
    -72.981047
    Latitude
    40.874639

    Nearby Similar for Lease

    • $2,500/Mo

      Coram Office Space For Lease

      Office space for lease in Coram, New York.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $12,000/Mo

      Retail Space in Shopping Hub

      Retail space in high-traffic area, divisible.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $1,500/Mo

      Office Space with Utilities Included

      Office space for lease with utilities included and road exposure.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $900/Mo

      Coram Office Space For Lease

      Office space with utilities included and main road exposure.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $800/Mo

      Coram Office Space For Lease

      Office space with utilities included and main road exposure.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $900/Mo

      Coram Office Space For Lease

      Office space for lease in Coram, NY with utilities included.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $800/Mo

      Office Space with Utilities Included

      Office space for lease with utilities included and road exposure.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $1,800/Mo

      Office Space with Utilities Included

      Office space for lease with all utilities included in Coram.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $650/Mo

      Retail Space in Coram, NY

      Retail space for lease with all utilities included.
      356 Middle Country Rd, Coram, NY 11727
      View Details
    • $4,177/Mo

      Restaurant Space on Route 112

      Turn-key restaurant space with high visibility and ample parking.
      1710 Route 112, Coram, NY
      View Details
    • Contact for pricing

      Retail Space on Traffic Light Corner

      Retail space with abundant parking and pylon signage available.
      20 Middle Country Rd, Coram, NY
      View Details
    • Contact for pricing

      Retail Space in Coram Plaza

      Convenience-oriented shopping center anchored by grocery and home improvement stores.
      264 Middle Country Rd, Coram, NY
      View Details

    FAQs

    What type of property is this?
    Retail space - Corner commercial space with large windows and flexible floor plan.
    Where is this retail space located?
    The property is located at 31 Middle Country Rd Coram, NY.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: High‑visibility corner location in Coram Plaza.; Approximately 2,068 SF of commercial space.; Open and flexible floor plan.
    (631) 553-6655
    We can help!
    Listing Contact
    Julie Vitrano SFR
    Julie Vitrano SFR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!