Building Details

Building Size 2,500 SF

Listing Agency: J D S NORTH SHORE REALTY INC

Listed By: Joseph Lovaglio · License #31LO0798752 Show Phone

Source: Commercialcafe

Added: Sep 8 Changed: Oct 17 Last Checked: Oct 23 at 3:32AM

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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 J D S NORTH SHORE REALTY INC

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Investment Insights

Based on property information with market context.

This parking lot provides a fully fenced area intended for truck parking and storage. The site measures 25 feet wide by 100 feet deep and is described as secure.

Located at 2 Park Pl in Glen Cove, New York, the property offers a dedicated outdoor parking setting for trucks.

Key Highlights

• Fully fenced truck parking area
• 25 feet wide by 100 feet deep
• Located at 2 Park Pl, Glen Cove, NY 11542

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,778

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,560 $715.6K

Cap Rate 7%

$511,114 $511.1K

Cap Rate 9%

$397,533 $397.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$54.9K $21.96/SF

− Vacancy

−$3.8K −$1.52/SF

EGI

$51.1K $20.44/SF

− OpEx

−$15.3K −$6.13/SF

NOI

$35.8K $14.31/SF

Area

Nassau County, NY

Vacancy

6.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,560

Cap Rate 7%

$511,114

Cap Rate 9%

$397,533

Alternative Uses

Best Use

Retail

$707.3K

$618.9K – $825.1K (±1% cap)

NOI $49,508 @ 7.0% cap · market cap 1,980.32%

Second Best

Industrial

$511.1K

$447.2K – $596.3K (±1% cap)

NOI $35,778 @ 7.0% cap · market cap 1,431.12%

Theoretical Best

Specialty Retail

$1.65M

$1.45M – $1.93M (±1% cap)

NOI $115,706 @ 7.0% cap · market cap 4,628.24%

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

Sherco Services LLC General Contractor

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1,385

Businesses Nearby

107k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 46% Office Supplies 18% Dining 18% Leisure 17%

Staples Office Supplies

19,565 visits/mo 0.4 miles

AMC Glen Cove 6 Leisure

18,623 visits/mo 0.4 miles

Mobil Shops & Services

12,334 visits/mo 0.1 miles

Sunoco Shops & Services

11,190 visits/mo 0.2 miles

Panera Bread Dining

11,143 visits/mo 0.2 miles

Demographics for 11542, NY

29,171

Population

11,374

Households

2.6

Avg Household Size

43

Median Age

41%

College-Educated

86%

High-School Grad

6.7 sq mi

ZIP Area

4,354

Density / Sq Mi

$92,284

Median Household Income

$52,855

Median Earnings

$2,350

Median Rent

$659,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Hertz Local Edition — 161 Glen Cove Ave, Glen Cove, NY 11542
• Mid Island Taxi — 24 Garvies Point Rd, Glen Cove, NY 11542
• Enterprise Rent-A-Car — 97 Glen Cove Ave, Glen Cove, NY 11542
• Platinum Auto Rentals — 275 Glen St, Glen Cove, NY 11542
• U-Haul Neighborhood Dealer — 5 Charles St, Glen Cove, NY 11542

Frequently Asked Questions

What type of property is this?

Parking lot & garage - Secure, enclosed parking area designated for truck storage and parking.

Where is this parking lot & garage located?

The property is located at 2 Park Pl Glen Cove, NY.

What are key features of this property?

This property features: Fully fenced truck parking area; 25 feet wide by 100 feet deep; Located at 2 Park Pl, Glen Cove, NY 11542