Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1548 Union Blvd Bayshore, NY 11706

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

    High-visibility storefront near LIRR, ideal for retail or office.

    Type:Commercial
    Property size:
    500 SF
    Added:
    Apr 14, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 14 at 6:35 am

    Property Features for 1548 Union Blvd

    General Information

    Standard status
    Active
    Size
    500 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Meiling Wang

    Listing agent Meiling Wang

    Listing office eXp Realty

    Listing date Apr 14, 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 eXp Realty

    Overview

    Union Blvd Storefront Opportunity

    This 500 square foot storefront property is located on Union Blvd, offering high visibility. The space features large glass display windows that provide natural light and brand exposure. It is situated within walking distance of the Bay Shore LIRR station, providing access for commuters and local clientele. The property is suitable for boutique retail, professional offices, or personal services. The monthly rent includes property taxes and trash removal services. The location has a walk score of 79, indicating it is very walkable, and a bike score of 51, indicating it is bikeable.
    Location Intelligence

    Current Use by Public Records

    Get Glammed Beauty Hair Salon A&A Diamond Nails Nail Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Variety Florist — 45 2nd Ave, Bay Shore, NY 11706

    Location Insight

    • Map
    • Local Demand
    City
    Bayshore
    County
    Suffolk
    State
    New York
    Longitude
    -73.255669
    Latitude
    40.722704

    Nearby Similar for Lease

    • Contact for pricing

      Storefront in Downtown Bay Shore

      Spacious storefront in the heart of Bay Shore, NY.
      227 4th Avenue, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Bay Shore Storefront on Union

      High-visibility 500sf storefront near Bay Shore LIRR station.
      1548 Union Boulevard, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Professional Office Near University Campus

      Professional office space available immediately in prime Bay Shore location.
      1918 Union Blvd, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Bay Shore Storefront Opportunity

      High-visibility storefront in a vibrant downtown corridor, suitable for various uses.
      126A Main Street, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Commercial Space in Bay Shore

      Commercial space for rent in a busy Bay Shore area.
      1805 #11 5th Avenue, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Retail Space in Bay Shore

      Retail space available for rent in Bay Shore, NY.
      265 W Main Street, Bay Shore, NY 11706
      View Details
    • $36/mo

      COMMERCIAL - Bay Shore, NY

      1555 Sunrise Highway, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Retail Space for Rent

      Retail space available for rent.
      265 W Main St, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Spacious Apartment with Finished Attic

      Three-bedroom apartment featuring a finished attic and pet-friendly policy.
      79 Brook St, Bay Shore, NY 11706
      View Details
    • $12/mo

      Spacious Apartment with Finished Attic

      Three-bedroom apartment with finished attic and washer/dryer hookup.
      79 Brook St, Bay Shore, NY 11706
      View Details
    • Contact for pricing

      Bay Shore Office Space Available

      47,364 SF office space for lease in Bay Shore.
      1701 Sunrise Hwy, Bay Shore, NY 11706
      View Details
    • $12/mo

      Renovated Three-Bedroom Apartment For Rent

      Recently renovated 3-bedroom apartment with modern finishes and off-street parking.
      130 5th Ave, Bay Shore, NY 11706
      View Details

    FAQs

    What type of property is this?
    Storefront property - High-visibility storefront near LIRR, ideal for retail or office.
    Where is this storefront property located?
    The property is located at 1548 Union Blvd Bayshore, NY.
    What are key features of this property?
    This property features: High‑visibility storefront location on Union Blvd.; All‑inclusive monthly rent (includes property taxes and trash removal).; 500sf versatile space suitable for various business types.
    (516) 585-6042
    We can help!
    Listing Contact
    Meiling Wang
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!