Prime Commercial Space on
For Sale
$649,000
Pending
821 Merrick Road, Baldwin, NY 11510
2,300 sq ft building on highly trafficked Merrick Road.
Property Size1,785 SF
Days on Market569
Property Features for 821 Merrick Road
General Information
Standard status
Pending
Size
1,785 SF
Property subtype
Commercial/Industrial
Listing Agency:
Kaloshi Real Estate Inc
Listed By:
Javed Iqbal · License #JI2929
(718) 287-5200
Source:
Exitrealty
Added: Feb 12, 2025
Changed: Sep 4
Last Checked: Sep 2 at 8:00PM
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 Kaloshi Real Estate Inc
Investment Insights
Based on property information with market context.
This 2,300 sq ft one-story building in Baldwin, NY, presents an opportunity for businesses seeking real estate. Located on Merrick Road, the property benefits from high visibility, convenient access, and ample parking. The flexible commercial space features an open layout suitable for various businesses, including retail, office, and service-based ventures. Large windows provide natural light and street visibility. The location offers direct access to a thriving neighborhood with potential customers. The property has convenient access to major roadways, public transport, and local amenities. The building is situated in a bikeable area (bike score 51) and a very walkable area (walk score 88) with good transit (transit score 53).
Key Highlights
- Prime location on highly trafficked Merrick Road with excellent visibility.
- Spacious 2,300 sq ft of flexible commercial space.
- Ample parking for clients and staff.
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
$35,348
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
5.45%
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%
$706,960
$707.0K
Cap Rate 7%
$504,971
$505.0K
Cap Rate 9%
$392,756
$392.8K
Market Conditions
NOI Build-Up for 1,785 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
$53.6K $30.00/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$50.5K $28.29/SF
− OpEx
−$15.1K −$8.49/SF
NOI
$35.3K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
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%
$706,960
Cap Rate 7%
$504,971
Cap Rate 9%
$392,756
Alternative Uses
Best Use
Retail
$505.0K
$441.9K – $589.1K
NOI $35,348 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,614 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 1800 flowers — 776 Merrick Rd, Baldwin, NY 11510
- Imperial Florist — 776 Merrick Rd, Baldwin, NY 11510
- Wicks Florist — 2170 Grand Ave, Baldwin, NY 11510
- Wick's Florist, Fruitera & Greenhouse — 2170 grand ave, baldwin, ny 11510
- Wick's First Greenhouse Inc — 2170 grand ave, baldwin, ny 11510
Frequently Asked Questions
What type of property is this?
Storefront property - 2,300 sq ft building on highly trafficked Merrick Road.
Where is this storefront property located?
The property is located at 821 Merrick Road Baldwin, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Prime location on highly trafficked Merrick Road with excellent visibility.; Spacious 2,300 sq ft of flexible commercial space.; Ample parking for clients and staff.
