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

    178 W Old Country Rd Hicksville, NY 11801

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Operating gas station with mechanic shop in a busy shopping center.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 24 at 7:57 pm

    Property Features for 178 W Old Country Rd

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Haiem Samouha

    Listing agent Haiem Samouha

    Listing office Double Door Realty Inc

    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 Double Door Realty Inc

    Overview

    Operating Gas Station in Hicksville

    This is an opportunity to acquire a fully operational gas station located within a busy shopping center in Hicksville, Long Island. The business includes a gas station and an onsite mechanic shop. The mechanic shop is currently tenanted and generates rental income that exceeds the gas station's rent. The gas station dispenses 100,000 gallons of fuel per month, with profit margins ranging from $0.35 to $0.65 per gallon.
    Location Intelligence

    Current Use by Public Records

    Advanced Auto Service ... Auto Repair Shop Green Light Petroleum Gas Station Al's One Stop ... Auto Repair Shop Intoxalock Ignition Interlock Building Supply

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hicksville
    County
    Nassau
    State
    New York
    Longitude
    -73.529978
    Latitude
    40.761307

    Nearby Similar for Sale

    • $768,888

      Versatile Commercial Space in Hicksville

      Unique commercial space with cabin-inspired character, suitable for various businesses.
      303 Woodbury Road, Hicksville, NY 11801
      View Details
    • $500,000
      1,320 SF

      Hicksville Gas Station and Shop

      Operating gas station and mechanic shop in busy shopping center.
      178 W Old Country Road, Hicksville, NY 11801
      View Details
    • $1,988,888

      Updated Commercial Building in Hicksville

      Fully updated commercial building in a prime, high-traffic location.
      51 N Broadway, Hicksville, NY 11801
      View Details
    • $100,000

      Turnkey Clothing Store Opportunity

      Established clothing store in high-traffic area, ready for immediate operation.
      183 Broadway, Hicksville, NY 11801
      View Details
    • $768,888

      Unique Commercial Space with Character

      Versatile commercial property with cabin-inspired character, suitable for various businesses.
      303 Woodbury Rd, Hicksville, NY 11801
      View Details
    • $12,750,000
      19,120 SF

      Hicksville Industrial Flex Space For Sale

      19,120 SF industrial flex space with user/investor potential.
      359 Duffy Ave, Hicksville, NY
      View Details
    • $1,249,000

      Victorian Multi-Family Home with Lot

      Legal three-family home with additional lot near train station.
      83 Kraemer Street, Hicksville, NY 11801
      View Details
    • Contact for pricing
      5,209 SF

      Hicksville Warehouse Space Available

      5,209 SF warehouse space in Hicksville, New York.
      990 S Broadway, Hicksville, NY
      View Details
    • $3,325,000
      650 SF

      Hicksville Office Space For Rent

      Office space available for rent in Hicksville, New York.
      32 West Village Green, Hicksville, NY
      View Details

    FAQs

    What type of property is this?
    Gas station - Operating gas station with mechanic shop in a busy shopping center.
    Where is this gas station located?
    The property is located at 178 W Old Country Rd Hicksville, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Fully operating gas station in a busy shopping center.; Onsite mechanic shop tenant pays more than the gas station rent, effectively making the gas station rent‑free for the buyer.; Business purchase includes both the gas station and the mechanic shop.
    (917) 589-1991
    We can help!
    Listing Contact
    Haiem Samouha
    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

    Thank You for Inquiry

    178 W Old Country Rd, Hicksville, NY 11801

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!