Two-Level Mixed-Use
For Sale
$1,750,000
124 LAUREL RD, East Northport, NY 11731
Seven occupied units provide a multi-tenant configuration with central air, parking, and C6 zoning.
Property Size6,400 SF
Price / SF$273.44
Days on Market588
Property Features for 124 LAUREL RD
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
23
Property subtype
Mixed Use
Zoning
C6
Occupancy
100%
Net Operating Income
$143,196
Financials
Cap Rate
8.18%
Gross Income
$173,786
Site & Location
Frontage
404 ft
Traffic Count
16,000 vehicles/day
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Office Units
7
Amenities
10-foot ceilings
LED lighting
200 amp power
central air conditioning
Central Air
3
23 Parking Spaces.
Building Details
Year Built
1986
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Xome
Added: Jan 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:21PM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This two-level mixed-use property contains 6,400 square feet arranged across 7 occupied units. The building was constructed in 1986 and includes central air conditioning, 10-foot ceilings, all-new LED lighting, 200-amp power, and 23 parking spaces. Existing occupants include podcast and music studios, a lighting company, a capital firm, a spa, and an insurance office. The property is associated with an 8.18% cap rate.
The site fronts Laurel Road and Vernon Valley Road with 404 feet of combined frontage and reported daily traffic of 16,000+ vehicles per day. It is located near the Northport LIRR Station and within a commercial setting that includes UPS, Verizon, Chase Bank, Subaru, The Home Depot, Stop & Shop, Public Storage, Trader Joe’s, and other national and regional businesses. C6 zoning and the existing two-level layout support its mixed-use commercial profile.
The site fronts Laurel Road and Vernon Valley Road with 404 feet of combined frontage and reported daily traffic of 16,000+ vehicles per day. It is located near the Northport LIRR Station and within a commercial setting that includes UPS, Verizon, Chase Bank, Subaru, The Home Depot, Stop & Shop, Public Storage, Trader Joe’s, and other national and regional businesses. C6 zoning and the existing two-level layout support its mixed-use commercial profile.
Key Highlights
- 6,400‑square‑foot mixed‑use building with 7 occupied units
- 404 feet of frontage on Laurel Road and Vernon Valley Road
- Reported daily traffic of 16,000+ vehicles per day
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
$125,126
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
7.15%
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%
$2,502,520
$2.5M
Cap Rate 7%
$1,787,514
$1.8M
Cap Rate 9%
$1,390,289
$1.4M
Market Conditions
NOI Build-Up for 6,400 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
$192.0K $30.00/SF
− Vacancy
−$13.2K −$2.07/SF
EGI
$178.8K $27.93/SF
− OpEx
−$53.6K −$8.38/SF
NOI
$125.1K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
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%
$2,502,520
Cap Rate 7%
$1,787,514
Cap Rate 9%
$1,390,289
Alternative Uses
Best Use
Retail
$1.79M
$1.56M – $2.09M
NOI $125,126 @ 7.0% cap · market cap 7.15%
Second Best
Mixed Use
$1.63M
$1.42M – $1.90M
NOI $113,933 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,482 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
16,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 11731, NY
30,353
Population
11,073
Households
2.7
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
8.3 sq mi
ZIP Area
3,657
Density / Sq Mi
$158,819
Median Household Income
$68,071
Median Earnings
$2,261
Median Rent
$622,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven occupied units provide a multi-tenant configuration with central air, parking, and C6 zoning.
Where is this mixed-use property located?
The property is located at 124 LAUREL RD East Northport, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,400‑square‑foot mixed‑use building with 7 occupied units; 404 feet of frontage on Laurel Road and Vernon Valley Road; Reported daily traffic of 16,000+ vehicles per day
