Mixed-Use Property with
178 Richmond Boulevard, Ronkonkoma, NY 11779
For Sale
$1,050,000
Three commercial spaces share the property with a three-bedroom residence, all within BUS1 zoning.
Property Size2,742 SF
Lot Size0.25 Acres
Price / SF$382.93
Days on Market200
Property Features for 178 Richmond Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Tenancy
Listing Agency:
Legacy Estate Realty
(516) 682-2803
Listed By:
Hamza Khamisa
(917) 822-0433
Source:
Jwsrealtygroup
Added: Apr 29
Changed: Nov 12
Last Checked: Nov 13 at 7:03PM
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 Legacy Estate Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 178 Richmond Boulevard in Ronkonkoma, this mixed-use property combines three storefront units with an attached three-bedroom home. The site encompasses 0.25 acres and is zoned BUS1. Renovation work has been completed on the property.
Major roadways and highways, as well as the LIRR, are nearby, providing access for commercial occupants and residents.
Major roadways and highways, as well as the LIRR, are nearby, providing access for commercial occupants and residents.
Key Highlights
- Three storefront units
- Attached three‑bedroom residence
- 0.25‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,609
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,180
$1.1M
Cap Rate 7%
$765,843
$765.8K
Cap Rate 9%
$595,656
$595.7K
Market Conditions
NOI Build-Up for 2,742 SF
Gross rent
$82.3K $30.00/SF
− Vacancy
−$5.7K −$2.07/SF
EGI
$76.6K $27.93/SF
− OpEx
−$23.0K −$8.38/SF
NOI
$53.6K $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%
$1,072,180
Cap Rate 7%
$765,843
Cap Rate 9%
$595,656
Alternative Uses
Best Use
Retail
$765.8K
$670.1K – $893.5K
NOI $53,609 @ 7.0% cap · market cap 5.11%
Second Best
Mixed Use
$697.3K
$610.2K – $813.6K
NOI $48,813 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$835.3K
$730.9K – $974.6K
NOI $58,474 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 11779, NY
38,250
Population
14,145
Households
2.7
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
3,060
Density / Sq Mi
$117,684
Median Household Income
$54,121
Median Earnings
$2,103
Median Rent
$465,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Suffolk County, NY
Properties on Market for Mixed-use properties in Suffolk County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial spaces share the property with a three-bedroom residence, all within BUS1 zoning.
Where is this mixed-use property located?
The property is located at 178 Richmond Boulevard Ronkonkoma, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three storefront units; Attached three‑bedroom residence; 0.25‑acre site
