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    Turnkey Day Spa or Retail Suite Title is generated by Realmo AI

    15 E Deer Park Rd, Dix Hills, NY 11746

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    For Lease
    $4,125/Mo $45 SF/Yr (calc)

    Flexible, turnkey suite on a highly visible corridor suited for wellness services or boutique retail.

    Type:Commercial
    Property size:
    1,100 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:44 am

    Property Features for 15 E Deer Park Rd

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Irene Rallis
    Irene Rallis

    Listing agent Irene Rallis License #10301207062

    Listing office Douglas Elliman Real Estate

    Listing date Jun 3, 2026

    Source Elliman

    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 Douglas Elliman Real Estate

    HighLights

    • 1,100 SF flexible suite with a modular layout
    • Suitable for wellness or spa‑type uses such as day spa, aesthetic services, therapy, or boutique retail
    • Located on a highly visible corridor in Dix Hills
    • Previously used for wellness/spa‑type operations
    • Pricing includes taxes, insurance, and CAM

    Overview

    This 1,100-square-foot unit is set up with a flexible, modular layout designed to support wellness and spa-type operations. The space has been used for services such as day spa, aesthetic services, therapy, or boutique retail, and it is presented in a clean, turnkey configuration intended for relatively quick occupancy.

    The suite is located along a highly visible corridor in Dix Hills, with access centered on the surrounding roadway network for car-dependent customers. The unit benefits from strong visibility, making it well suited for businesses that rely on consistent drive-by traffic.

    From a tenant fit perspective, the open and adaptable layout can accommodate a range of wellness or service concepts, as well as light boutique retail merchandising. The lease structure is also straightforward, with the stated price including taxes, insurance, and CAM, which can simplify budgeting for day-to-day occupancy costs.
    Location Intelligence

    Current Use by Public Records

    Jam Dance & Fitness ... Training Center Paramount Styles Barber Shop John David Cipolla ... Real Estate Agency Chiaramonte Real Estate ... Real Estate Agency Santos Diaz LIC. ... Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ronald Sandoval Acupuncture Pc — 1789 E Jericho Turnpike, Huntington, NY 11743
    • Timeless Spirit Acupuncture — 23 Rodsfield Ct, Huntington, NY 11743

    Location Insight

    • Map
    • Local Demand
    City
    Dix Hills
    County
    Suffolk
    State
    New York
    Longitude
    -73.335378
    Latitude
    40.83459

    Nearby Similar for Lease

    • $4,125/Mo
      1,100 SF

      Dix Hills Retail/Office Space

      1,100 sqft unit in Dix Hills, flexible layout.
      15 E Deer Park Road, Dix Hills, NY 11746
      View Details
    • Contact for pricing
      1,100 SF

      Dix Hills Retail Space Available

      Retail space in Dix Hills with high traffic volume.
      683-709 Old Country Rd, Dix Hills, NY
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - Flexible, turnkey suite on a highly visible corridor suited for wellness services or boutique retail.
    Where is this spa & wellness property located?
    The property is located at 15 E Deer Park Rd Dix Hills, NY.
    What is the lease rate?
    The lease rate is $4,125 /Mo.
    What are key features of this property?
    This property features: 1,100 SF flexible suite with a modular layout; Suitable for wellness or spa‑type uses such as day spa, aesthetic services, therapy, or boutique retail; Located on a highly visible corridor in Dix Hills
    (516) 241-9848
    We can help!
    Listing Contact
    Irene Rallis
    Irene Rallis
    Real Estate License ID: 10301207062
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    15 E Deer Park Rd, Dix Hills, NY 11746
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