Mixed-Use Retail and Residential
For Sale
Contact for pricing
143 Jericho Turnpike, Mineola, NY 11501
Mixed-use corner property with retail and long-term residential tenants at a high-traffic intersection.
Property Size7,600 SF
Price / SF$470.39
Days on Market54
Property Features for 143 Jericho Turnpike
General Information
Standard status
Active
Size
7,600 SF
Property subtype
Retail, Mixed Use
Zoning
B1
Occupancy
92%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$232,297
Building Details
Year Built
1927
Units
8
Tenancy
Multi
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Amanda Gordon · License #NY10301207148
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 9 at 2:30PM
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 Silber Investment Properties Ltd
Investment Insights
Based on property information with market context.
This mixed-use property at 143 Jericho Turnpike in Mineola, NY includes both retail space and residential income components. Public remarks indicate that the majority of the residential tenants are long-term tenants, providing an established rental profile within the building. The property is sized at 7,600 square feet.
The asset sits on the southwest corner of Jericho Turnpike and Willis Ave, with traffic counts of 32,919 vehicles per day on Jericho Turnpike and 11,028 vehicles per day on Willis Ave, supporting visibility for the retail component. The surrounding retail corridor includes national and neighborhood brands such as Starbucks, Dunkin’, 7 Eleven, and McDonald’s. Demographic information provided highlights a population of over 172,780 people within a three-mile radius.
For buyers and operators seeking a mixed-use setup, the combination of retail exposure on two heavily traveled roads and a residential portion supported by long-term tenancy can be a practical fit. The property’s established occupancy profile may appeal to those looking for an income-producing structure with retail-driven street presence, based on the information available in the remarks.
The asset sits on the southwest corner of Jericho Turnpike and Willis Ave, with traffic counts of 32,919 vehicles per day on Jericho Turnpike and 11,028 vehicles per day on Willis Ave, supporting visibility for the retail component. The surrounding retail corridor includes national and neighborhood brands such as Starbucks, Dunkin’, 7 Eleven, and McDonald’s. Demographic information provided highlights a population of over 172,780 people within a three-mile radius.
For buyers and operators seeking a mixed-use setup, the combination of retail exposure on two heavily traveled roads and a residential portion supported by long-term tenancy can be a practical fit. The property’s established occupancy profile may appeal to those looking for an income-producing structure with retail-driven street presence, based on the information available in the remarks.
Key Highlights
- 1927‑built mixed‑use property at the SW corner of Jericho Turnpike and Willis Ave
- High‑traffic intersection with Jericho Turnpike at 32,919 VPD and Willis Ave at 11,028 VPD
- Retail and long‑term residential tenants, with the majority of residential tenants described as long term
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
$150,503
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
4.21%
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%
$3,010,060
$3.0M
Cap Rate 7%
$2,150,043
$2.2M
Cap Rate 9%
$1,672,256
$1.7M
Market Conditions
NOI Build-Up for 7,600 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
$228.0K $30.00/SF
− Vacancy
−$13.0K −$1.71/SF
EGI
$215.0K $28.29/SF
− OpEx
−$64.5K −$8.49/SF
NOI
$150.5K $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 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%
$3,010,060
Cap Rate 7%
$2,150,043
Cap Rate 9%
$1,672,256
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.51M
NOI $150,503 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$1.94M
$1.69M – $2.26M
NOI $135,565 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$5.02M
$4.40M – $5.86M
NOI $351,747 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,676
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 34%
Electronics 1%
McDonald's
Dining
26,686 visits/mo
0.3 miles
Starbucks
Dining
21,383 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,316 visits/mo
0.1 miles
7-Eleven
Shops & Services
12,034 visits/mo
0.1 miles
Sunoco
Shops & Services
8,071 visits/mo
0.4 miles
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
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?
Retail space - Mixed-use corner property with retail and long-term residential tenants at a high-traffic intersection.
Where is this retail space located?
The property is located at 143 Jericho Turnpike Mineola, NY.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: 1927‑built mixed‑use property at the SW corner of Jericho Turnpike and Willis Ave; High‑traffic intersection with Jericho Turnpike at 32,919 VPD and Willis Ave at 11,028 VPD; Retail and long‑term residential tenants, with the majority of residential tenants described as long term
