Building Details

Building Size 7,920 SF

Year Built 1971

Buildings 1

Tenancy Multi

Listing Agency: Chase Global Realty Corp

Listed By: Sophia X. Yao · License #10311201216 Show Phone

Source: Luxuryhomeny

Added: Aug 3 Changed: Oct 31 Last Checked: Oct 30 at 11:07PM

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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 Chase Global Realty Corp

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Investment Insights

Based on property information with market context.

This multi-tenant flex property includes an approximately 7,560 SF commercial building on an approximately 18,164 SF lot. Built in 1971, the asset is leased to several established businesses representing design, fishing supplies, lumber, storage, and related commercial activities. Additional income sources include rear yard storage, parking, and storage rental arrangements.

Located at 133 Glenwood Road in Glenwood Landing, the property offers access to major transportation routes within the North Shore of Long Island. The site supports a range of potential commercial applications, including warehouse, showroom, distribution, light industrial, and other commercial uses, subject to zoning and approvals. Its combination of building space, outdoor yard area, and multiple tenancy components provides a flexible commercial configuration.

Key Highlights

• Approximately 7,560 SF commercial building on an approximately 18,164 SF lot
• Approximately 0.417 acres in Glenwood Landing, NY
• Multi‑tenant property leased to design, fishing supply, lumber, and storage businesses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,634

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,752,680 $2.8M

Cap Rate 7%

$1,966,200 $2.0M

Cap Rate 9%

$1,529,267 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,920 SF

Gross rent

$173.9K $21.96/SF

− Vacancy

−$12.0K −$1.52/SF

EGI

$161.9K $20.44/SF

− OpEx

−$24.3K −$3.07/SF

NOI

$137.6K $17.38/SF

Area

Nassau County, NY

Vacancy

6.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,752,680

Cap Rate 7%

$1,966,200

Cap Rate 9%

$1,529,267

Alternative Uses

Best Use

Warehouse

$1.97M

$1.72M – $2.29M (±1% cap)

NOI $137,634 @ 7.0% cap · market cap 5.62%

Second Best

Industrial

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,346 @ 7.0% cap · market cap 4.63%

Theoretical Best

Specialty Retail

$5.24M

$4.58M – $6.11M (±1% cap)

NOI $366,557 @ 7.0% cap · market cap 14.96%

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

Italia Outdoor Living General Contractor J Barwick Landscape ... General Contractor Glenwood Landing Solar ... Production Facility

Suggested Use

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

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

Balanced

Demand for This Use

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Income-producing commercial property with warehouse, showroom, distribution, and light industrial use potential, subject to zoning and approvals.

Where is this flex space located?

The property is located at 133 Glenwood Road Glenwood Landing, NY.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: Approximately 7,560 SF commercial building on an approximately 18,164 SF lot; Approximately 0.417 acres in Glenwood Landing, NY; Multi‑tenant property leased to design, fishing supply, lumber, and storage businesses