Fully Occupied Mixed-Use
For Sale
Contact for pricing
217 SUNRISE HWY, Rockville Centre, NY 11570
Mixed-use asset positioned along Sunrise Hwy near the Rockville Centre LIRR station.
Property Size2,100 SF
Price / SF$380.95
Days on Market164
Property Features for 217 SUNRISE HWY
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
4
Property subtype
Retail, Mixed Use
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$43,619
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Dylan Silber · License #NY 10401349050
Source:
Crexi
Added: May 6
Changed: Oct 11
Last Checked: Oct 14 at 9:08PM
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 Silber Investment Properties Ltd
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Investment Insights
Based on property information with market context.
This mixed-use property was built in 1925 and is currently fully occupied. The asset is located on Sunrise Hwy in Rockville Centre, within a dense corridor characterized by retail and residential activity.
The Rockville Centre LIRR station is steps from the property, providing immediate proximity to commuter rail service. Its placement along Sunrise Hwy and near the station connects the property with an established commercial and residential setting while retaining a mixed-use profile.
The Rockville Centre LIRR station is steps from the property, providing immediate proximity to commuter rail service. Its placement along Sunrise Hwy and near the station connects the property with an established commercial and residential setting while retaining a mixed-use profile.
Key Highlights
- Fully occupied mixed‑use property
- Built in 1925
- Located on Sunrise Hwy in Rockville Centre, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,586
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,720
$831.7K
Cap Rate 7%
$594,086
$594.1K
Cap Rate 9%
$462,067
$462.1K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.0K $30.00/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$59.4K $28.29/SF
− OpEx
−$17.8K −$8.49/SF
NOI
$41.6K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,720
Cap Rate 7%
$594,086
Cap Rate 9%
$462,067
Alternative Uses
Best Use
Retail
$594.1K
$519.8K – $693.1K
NOI $41,586 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,193 @ 7.0% cap · market cap 12.15%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,837
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 47%
Shops & Services 33%
Groceries 21%
HomeGoods
Home Improvements & Furnishings
40,159 visits/mo
0.3 miles
Key Food
Groceries
17,763 visits/mo
0.4 miles
BP
Shops & Services
12,746 visits/mo
0.4 miles
7-Eleven
Shops & Services
10,487 visits/mo
0.3 miles
Mavis Discount Tire
Shops & Services
4,091 visits/mo
0.4 miles
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset positioned along Sunrise Hwy near the Rockville Centre LIRR station.
Where is this mixed-use property located?
The property is located at 217 SUNRISE HWY Rockville Centre, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property; Built in 1925; Located on Sunrise Hwy in Rockville Centre, NY
