Corner Retail/Office Building For
For Sale
Contact for pricing
Pending
146 W Sunrise Hwy, Lindenhurst, NY
Stand-alone 3,300 SF retail/office building on Sunrise Highway.
Property Size3,300 SF
Lot Size0.21 Acres
Days on Market266
Property Features for 146 W Sunrise Hwy
General Information
Standard status
Pending
Size
3,300 SF
Lot size
0.21 Acres
Property subtype
RETAIL
Listing Agency:
Coldwell Banker - American Homes | Fresh Meadows
(917) 364-5645
Listed By:
Randolph Saa
(917) 364-5645
Source:
Moodyscre
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 20 at 6:12AM
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 Coldwell Banker - American Homes | Fresh Meadows
Investment Insights
Based on property information with market context.
This stand-alone corner commercial building offers a rare opportunity for both end-users and investors. The 3,300 square foot building is situated on a 0.21-acre parcel in a sought-after commercial area. The property benefits from high visibility, with daily traffic counts exceeding 70,000 vehicles on Sunrise Highway. The location provides ease of access, making it a desirable destination for businesses. The property also has parking and the extended possibility to allow for drive-thru businesses.
Key Highlights
- Located directly on Sunrise Highway with daily traffic exceeding 70,000+ vehicles.
- Stand‑alone corner commercial retail/office building.
- Includes parking.
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
$64,518
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
8.61%
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%
$1,290,360
$1.3M
Cap Rate 7%
$921,686
$921.7K
Cap Rate 9%
$716,867
$716.9K
Market Conditions
NOI Build-Up for 3,300 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
$99.0K $30.00/SF
− Vacancy
−$6.8K −$2.07/SF
EGI
$92.2K $27.93/SF
− OpEx
−$27.7K −$8.38/SF
NOI
$64.5K $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%
$1,290,360
Cap Rate 7%
$921,686
Cap Rate 9%
$716,867
Alternative Uses
Best Use
Retail
$921.7K
$806.5K – $1.08M
NOI $64,518 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$879.7K – $1.17M
NOI $70,373 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Stand-alone 3,300 SF retail/office building on Sunrise Highway.
Where is this storefront property located?
The property is located at 146 W Sunrise Hwy Lindenhurst, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Located directly on Sunrise Highway with daily traffic exceeding 70,000+ vehicles.; Stand‑alone corner commercial retail/office building.; Includes parking.
