Listing Agency: J D S NORTH SHORE REALTY INC

Listed By: Joseph Lovaglio · License #31LO0798752 Show Phone

Source: Gosenproperties

Added: Aug 17 Changed: Nov 1 Last Checked: Oct 31 at 9:42PM

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Investment Insights

Based on property information with market context.

This 850-square-foot retail suite occupies a restored building and features hardwood floors, large windows, and a half bathroom within the space. The windows face Glenwood Road.

The tenant is responsible for its own gas and electric service.

Key Highlights

• 850‑square‑foot retail suite
• Half bathroom located within the space
• Large windows facing Glenwood Road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,833

Suggested Prices Based on Cap Rates

Cap Rate 5%

$336,660 $336.7K

Cap Rate 7%

$240,471 $240.5K

Cap Rate 9%

$187,033 $187.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 850 SF

Gross rent

$25.5K $30.00/SF

− Vacancy

−$1.5K −$1.71/SF

EGI

$24.0K $28.29/SF

− OpEx

−$7.2K −$8.49/SF

NOI

$16.8K $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 Rate 5%

$336,660

Cap Rate 7%

$240,471

Cap Rate 9%

$187,033

Alternative Uses

Best Use

Retail

$240.5K

$210.4K – $280.6K (±1% cap)

NOI $16,833 @ 7.0% cap · market cap 701.38%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$562.0K

$491.8K – $655.7K (±1% cap)

NOI $39,340 @ 7.0% cap · market cap 1,639.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Farmers Insurance - Pamela ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Law Firm Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

147

Businesses Nearby

Explore this area Business Placement

Demographics for 11547, NY

995

Population

328

Households

3

Avg Household Size

44

Median Age

59%

College-Educated

94%

High-School Grad

0.5 sq mi

ZIP Area

1,990

Density / Sq Mi

$123,452

Median Household Income

$2,029

Median Rent

$916,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Hardwood flooring, broad windows, and a half bathroom are included within the suite.

Where is this retail space located?

The property is located at 129 Glenwood Rd Glenwood Landing, NY.

What are key features of this property?

This property features: 850‑square‑foot retail suite; Half bathroom located within the space; Large windows facing Glenwood Road