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$452.38
Days on Market119
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
$48,363
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: Aug 30
Last Checked: Aug 31 at 1:55PM
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
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 = 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
$41,586
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
4.38%
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%
$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
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
$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 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%
$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 4.38%
Second Best
Mixed Use
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,193 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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 $950,000.
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
