Mixed-Use Commercial Building
228 Merrick Rd Rockville Centre, NY 11570
For Sale
$1,250,000
Pending
Mixed-use commercial building in a high-traffic area.
Property Size3,000 SF
Days on Market95
Property Features for 228 Merrick Rd
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency:
(516) 551-5276
Listed By:
Vanessa Ambrosecchia · License #40LA0928477
(516) 551-5276
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 8:08AM
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 Vanessa Ambrosecchia
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in the business district of Rockville Centre, NY. The property offers approximately 3000 square feet of interior space. The storefront comprises 1495 square feet, with a full basement adding another approximately 1495 square feet. The second story features a 1495-square-foot three-bedroom apartment with one bathroom, a living room, and an eat-in kitchen. The location is surrounded by many businesses, ensuring excellent visibility and offering possibilities for growth and customization. The property is a semi-detached mixed-use commercial building in a high-traffic area, close to Sunrise Highway, JFK, LIRR, Long Beach, and Jones Beach. The location has a walk score of 95, indicating it is a walker's paradise, a bike score of 54, indicating it is bikeable, and a transit score of 53, indicating good transit.
Key Highlights
- Prime mixed‑use commercial property in Rockville Centre's Business District.
- High‑traffic location with excellent visibility.
- Approximately 3000 sq ft of interior space including a 1495 sq ft storefront with a full basement and a 1495 sq ft three‑bedroom apartment.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $30.00 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $84.9k | $28.29 |
| − OpEx | −$25.5k | −$8.49 |
| NOI | $59.4k | $19.80 |
3,000 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 4.75%
Second Best
Mixed Use
$591.4K
$517.5K – $690.0K
NOI $41,400 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,848 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Payless Wine & Spirits
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial building in a high-traffic area.
Where is this mixed-use property located?
The property is located at 228 Merrick Rd Rockville Centre, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime mixed‑use commercial property in Rockville Centre's Business District.; High‑traffic location with excellent visibility.; Approximately 3000 sq ft of interior space including a 1495 sq ft storefront with a full basement and a 1495 sq ft three‑bedroom apartment.
