NNN Dry-Cleaning
For Sale
$810,000
1502 Main St, Port Jefferson, NY 11777
NNN property with an established dry-cleaning tenant, private driveway, and dedicated customer parking.
Property Size2,000 SF
Price / SF$405
Days on Market188
Property Features for 1502 Main St
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
5
Property subtype
Commercial
Net Operating Income
$49,822
Additional Details
Gross Income
$53,472
Building Details
Tenancy
Single
Listing Agency:
Tiger Realty Group Inc
Listed By:
Emily Hui Chen Liang
(347) 320-2569
Source:
Searchhomesinlongisland
Added: Apr 11
Changed: Oct 1
Last Checked: Oct 14 at 11:03PM
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 Tiger Realty Group Inc
Investment Insights
Based on property information with market context.
Located at 1502 Main St in Port Jefferson, this 2,000-square-foot NNN property is occupied by a dry-cleaning tenant. The lease has three years remaining and includes 3% yearly increases. The tenant is responsible for property taxes, Village taxes, and utilities, while the owner pays building insurance.
A private driveway serves five dedicated customer parking spaces. The property provides an established commercial tenancy with a defined expense arrangement and a reported 6% plus cap rate.
A private driveway serves five dedicated customer parking spaces. The property provides an established commercial tenancy with a defined expense arrangement and a reported 6% plus cap rate.
Key Highlights
- 2,000‑square‑foot NNN property at 1502 Main St, Port Jefferson, NY 11777
- Existing dry‑cleaning tenant with three years lease remaining
- Lease includes 3% yearly increase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,102
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,040
$782.0K
Cap Rate 7%
$558,600
$558.6K
Cap Rate 9%
$434,467
$434.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.0K $30.00/SF
− Vacancy
−$4.1K −$2.07/SF
EGI
$55.9K $27.93/SF
− OpEx
−$16.8K −$8.38/SF
NOI
$39.1K $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 Rate 5%
$782,040
Cap Rate 7%
$558,600
Cap Rate 9%
$434,467
Alternative Uses
Best Use
Retail
$558.6K
$488.8K – $651.7K
NOI $39,102 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.3K
$533.1K – $710.8K
NOI $42,650 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
7-Eleven
Shops & Services
9,181 visits/mo
0.4 miles
Speedway
Shops & Services
7,181 visits/mo
0.5 miles
Sunoco
Shops & Services
4,099 visits/mo
0.3 miles
Gulf Oil
Shops & Services
3,742 visits/mo
0.4 miles
Carvel Ice Cream
Dining
3,498 visits/mo
0.4 miles
Demographics for 11777, NY
9,346
Population
3,893
Households
2.4
Avg Household Size
46
Median Age
69%
College-Educated
97%
High-School Grad
4.4 sq mi
ZIP Area
2,124
Density / Sq Mi
$148,519
Median Household Income
$72,042
Median Earnings
$2,261
Median Rent
$655,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN property with an established dry-cleaning tenant, private driveway, and dedicated customer parking.
Where is this nnn property located?
The property is located at 1502 Main St Port Jefferson, NY.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 2,000‑square‑foot NNN property at 1502 Main St, Port Jefferson, NY 11777; Existing dry‑cleaning tenant with three years lease remaining; Lease includes 3% yearly increase
