Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Island Park Title is generated by Realmo AI

    15 Texas Ave, Island Park, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in shopping center anchored by Ace Hardware.

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    3.93 Acres
    Added:
    Jul 18, 2025
    Days on Market:
    308
    Last Refresh:
    Apr 5 at 11:30 pm

    Property Features for 15 Texas Ave

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    3.93 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 15 Texas Ave Contact us

    We can help!

    Listing Contact
    Ian Goldfeder
    Ian Goldfeder

    Listing agent Ian Goldfeder

    Listing office Katz & Associates | New York City

    Listing date Jul 18, 2025

    Source Moodyscre

    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 Katz & Associates | New York City

    HighLights

    • High traffic and exceptional visibility on Long Beach Road and Austin Boulevard.
    • Center is anchored by long‑term tenant, Ace Hardware, driving consistent traffic.
    • Located in the first major shopping center northbound on Long Beach Road.
    • Ground lease or BTS (Build‑to‑Suit) opportunity.
    • Can build up to 3,000 SF.
    • NNN Costs: $12.59.

    Overview

    This property offers a ground lease or build-to-suit opportunity on the northeast portion of the site. The available space can be up to 3,000 square feet. The location benefits from high traffic and exceptional visibility on Long Beach Road and Austin Boulevard. The center is anchored by a long-term Ace Hardware tenant, which drives consistent traffic to the location. It is situated in the first major shopping center northbound on Long Beach Road. NNN costs are $12.59.
    Location Intelligence

    Current Use by Public Records

    Texas Car Wash Car Wash

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Island Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6439
    Latitude
    40.6145

    Nearby Similar for Lease

    • $3,000/Mo
      1,595 SF

      Versatile Commercial Space in Island Park

      Adaptable 1,595 SF space near transportation, ready for occupancy.
      104 Long Beach Road, Island Park, NY 11558
      View Details
    • $1,595/Mo
      900 SF

      Island Park Warehouse Space Available

      Shared warehouse space with parking and separate entrance.
      16 McCarthy Road, Island Park, NY 11558
      View Details
    • $2,500/Mo

      Retail Space in Island Park

      High visibility retail location available for rent in Island Park.
      126 Austin Boulevard, Island Park, NY 11558
      View Details
    • $4,250/Mo

      Island Park Office Space Available

      Renovated office space with street entrance in Island Park.
      161 L Long Beach, Island Park, NY 11558
      View Details
    • $38 SF/Yr

      Restaurant Space with Streamlined Kitchen

      Restaurant space featuring a streamlined kitchen for efficient execution.
      4385-4401 Austin Blvd, Island Park, NY 11558
      View Details
    • $20 SF/Yr
      7,600 SF

      Island Park Warehouse Space Available

      7,600 SF warehouse space for rent in Island Park.
      4290 Industrial Pl, Island Park, NY
      View Details
    • $21 SF/Yr
      11,840 SF

      Functional Warehouse/Distribution Facility Available

      Industrial building in great condition, walking distance to LIRR.
      4232 Industrial Pl, Island Park, NY
      View Details
    • Contact for pricing
      6,200 SF

      Retail Space in Island Park

      Retail space available in shopping center anchored by Ace Hardware.
      3939-3965 Long Beach Rd, Island Park, NY
      View Details
    • Contact for pricing
      1,800 SF

      Functional Warehouse with Attached Yard

      Warehouse/distribution facility with yard, frontage, and transit access.
      4234 Industrial Pl, Island Park, NY
      View Details
    • Contact for pricing
      16,350 SF

      Island Park Warehouse Space

      Industrial/warehouse space available for rent in Island Park, NY.
      4140 Austin Blvd, Island Park, NY
      View Details
    • Contact for pricing
      4,231 SF

      Island Park Retail Space Available

      Retail space available for rent in Island Park, NY.
      4575-4601 Austin Blvd, Island Park, NY
      View Details
    • $20 SF/Yr
      5,000 SF

      Island Park Warehouse Space Available

      5,000 sq ft warehouse space for rent.
      4090 Austin Blvd, Island Park, NY
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in shopping center anchored by Ace Hardware.
    Where is this retail space located?
    The property is located at 15 Texas Ave Island Park, NY.
    What are key features of this property?
    This property features: High traffic and exceptional visibility on Long Beach Road and Austin Boulevard.; Center is anchored by long‑term tenant, Ace Hardware, driving consistent traffic.; Located in the first major shopping center northbound on Long Beach Road.
    (201) 731-8511 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ian Goldfeder
    Ian Goldfeder
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 Texas Ave, Island Park, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!