Established Deli Business For
For Sale
$1,430,000
160 Jericho Turnpike, Mineola, NY 11501
Thriving deli and building in high-traffic Mineola location.
Property Size1,950 SF
Price / SF$733.33
Days on Market223
Property Features for 160 Jericho Turnpike
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$13,794
Building Details
Building Size
1,950 SF
Year Built
1931
Listing Agency:
Lynx Realty Inc
(516) 356-2211
Listed By:
Saviz Simani · License #30SI0849689
Source:
Luxuryhomeny
Added: Jan 14
Changed: Aug 25
Last Checked: Aug 24 at 1:43PM
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 Lynx Realty Inc
Investment Insights
Based on property information with market context.
An established deli and catering business with 30 years of operation is available for purchase, including both the business and the building. The property is located in the heart of Mineola, in a high-traffic area. The business was voted as having some of the best sandwiches on Long Island. The property offers strong income potential. There is potential for a second floor build-out with proper permits. The current owners are retiring, presenting an opportunity for a new owner to take over the building and operation. Delivery service or third-party platforms are currently not in place, offering immediate upside potential for increased revenue. The location has a walk score of 88, indicating it is very walkable, a transit score of 57, indicating good transit options, and a bike score of 50, indicating it is bikeable.
Key Highlights
- Established deli and catering business with 30 years of successful operation, including both the business and the building for sale.
- Located in a high‑traffic area in the heart of Mineola with strong income potential.
- Business voted one of the best sandwiches on Long Island.**
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
$90,251
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
6.31%
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%
$1,805,020
$1.8M
Cap Rate 7%
$1,289,300
$1.3M
Cap Rate 9%
$1,002,789
$1.0M
Market Conditions
NOI Build-Up for 1,950 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
$128.7K $66.00/SF
− Vacancy
−$8.4K −$4.29/SF
EGI
$120.3K $61.71/SF
− OpEx
−$30.1K −$15.43/SF
NOI
$90.3K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,805,020
Cap Rate 7%
$1,289,300
Cap Rate 9%
$1,002,789
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,251 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Electronics 8%
Home Improvements & Furnishings 5%
Sunoco
Shops & Services
8,071 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,727 visits/mo
0.4 miles
AutoZone
Shops & Services
2,498 visits/mo
0.5 miles
Verizon
Electronics
1,658 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,067 visits/mo
0.1 miles
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
Median Home Value
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?
Conventional restaurant - Thriving deli and building in high-traffic Mineola location.
Where is this conventional restaurant located?
The property is located at 160 Jericho Turnpike Mineola, NY.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: Established deli and catering business with 30 years of successful operation, including both the business and the building for sale.; Located in a high‑traffic area in the heart of Mineola with strong income potential.; Business voted one of the best sandwiches on Long Island.**
