Commercial Land at Signalized
For Sale
Contact for pricing
14 Dawn Dr, Centereach, NY 11720
Redevelopment site with multiple access points, dedicated parking, and pylon or monument signage.
Property Size5,600 SF
Price / SF$446.43
Days on Market894
Property Features for 14 Dawn Dr
General Information
Standard status
Active
Size
5,600 SF
Property subtype
RETAIL
Listing Agency:
RIPCO Real Estate - Corporate
(646) 827-1441
Listed By:
Evan Schuckman
Source:
Moodyscre
Added: Mar 20, 2024
Changed: Aug 29
Last Checked: Aug 29 at 11:33PM
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 RIPCO Real Estate - Corporate
Investment Insights
Based on property information with market context.
This 5,600-square-foot commercial land site is positioned at a signalized intersection and supports redevelopment planning for either a single-tenant or multi-tenant configuration. The property includes multiple ingress and egress points, more than 60 exclusive parking spaces, and available pylon or monument signage.
The site is located at 14 Dawn Dr in Centereach, NY, along Middle Country Road, which records over 44,600 cars per day. Its existing access, parking, and signage features provide concrete considerations for future commercial site planning.
The site is located at 14 Dawn Dr in Centereach, NY, along Middle Country Road, which records over 44,600 cars per day. Its existing access, parking, and signage features provide concrete considerations for future commercial site planning.
Key Highlights
- 5,600‑square‑foot commercial land site
- Signalized intersection location along Middle Country Road
- Over 44,600 cars per day on Middle Country Road
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
$109,486
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
4.38%
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%
$2,189,720
$2.2M
Cap Rate 7%
$1,564,086
$1.6M
Cap Rate 9%
$1,216,511
$1.2M
Market Conditions
NOI Build-Up for 5,600 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
$168.0K $30.00/SF
− Vacancy
−$11.6K −$2.07/SF
EGI
$156.4K $27.93/SF
− OpEx
−$46.9K −$8.38/SF
NOI
$109.5K $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%
$2,189,720
Cap Rate 7%
$1,564,086
Cap Rate 9%
$1,216,511
Alternative Uses
Best Use
Retail
$1.56M
$1.37M – $1.82M
NOI $109,486 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,421 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 30%
Home Improvements & Furnishings 10%
Electronics 2%
Starbucks
Dining
16,121 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
14,256 visits/mo
0.3 miles
Wendy's
Dining
13,495 visits/mo
0.3 miles
KFC
Dining
13,287 visits/mo
0.2 miles
Ocean State Job Lot
Shops & Services
12,533 visits/mo
0.2 miles
Demographics for 11720, NY
28,623
Population
9,407
Households
3
Avg Household Size
41
Median Age
35%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
3,491
Density / Sq Mi
$128,015
Median Household Income
$57,874
Median Earnings
$2,377
Median Rent
$471,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site with multiple access points, dedicated parking, and pylon or monument signage.
Where is this commercial land located?
The property is located at 14 Dawn Dr Centereach, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,600‑square‑foot commercial land site; Signalized intersection location along Middle Country Road; Over 44,600 cars per day on Middle Country Road
