Six-Store Modern Shopping
For Sale
Contact for pricing
2505 Middle Country Road, Centereach, NY 11720
Retail property comprising multiple storefronts along Middle Country Road in Centerreach, New York.
Property Size13,100 SF
Price / SF$362.60
Days on Market128
Property Features for 2505 Middle Country Road
General Information
Standard status
Active
Size
13,100 SF
Property subtype
Retail
Additional Details
Gross Income
$343,022
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Sherlock Homes
Listed By:
Roger Hart · License #NY
(516) 459-5379
Source:
Crexi
Added: Apr 28
Changed: Sep 2
Last Checked: Aug 31 at 8:20PM
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 CENTURY 21 Sherlock Homes
Investment Insights
Based on property information with market context.
This modern shopping center contains six retail stores within approximately 13,100 square feet of commercial space. The configuration provides a multi-store retail setting suitable for businesses seeking a presence within an established shopping center format.
The property is located at 2505 Middle Country Road in Centerreach, New York 11720. Its address places the center directly on Middle Country Road, providing a clearly identified retail location for the six-store configuration.
The property is located at 2505 Middle Country Road in Centerreach, New York 11720. Its address places the center directly on Middle Country Road, providing a clearly identified retail location for the six-store configuration.
Key Highlights
- Six‑store modern shopping center
- Approximately 13,100 square feet of commercial space
- Located at 2505 Middle Country Road
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
$256,118
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
5.39%
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%
$5,122,360
$5.1M
Cap Rate 7%
$3,658,829
$3.7M
Cap Rate 9%
$2,845,756
$2.8M
Market Conditions
NOI Build-Up for 13,100 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
$393.0K $30.00/SF
− Vacancy
−$27.1K −$2.07/SF
EGI
$365.9K $27.93/SF
− OpEx
−$109.8K −$8.38/SF
NOI
$256.1K $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 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%
$5,122,360
Cap Rate 7%
$3,658,829
Cap Rate 9%
$2,845,756
Alternative Uses
Best Use
Retail
$3.66M
$3.20M – $4.27M
NOI $256,118 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,361 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 17%
Beauty & Spa 2%
QuickChek
Shops & Services
28,629 visits/mo
0.3 miles
Exxon
Shops & Services
7,911 visits/mo
0.5 miles
Dunkin' Donuts
Dining
4,903 visits/mo
0.4 miles
Gulf Oil
Shops & Services
3,734 visits/mo
0.3 miles
Cold Stone Creamery
Dining
3,304 visits/mo
0.4 miles
Demographics for 11720, NY
28,623
Population
9,407
Households
3
Avg Household Size
41
Median Age
35%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
3,491
Density / Sq Mi
$128,015
Median Household Income
$57,874
Median Earnings
$2,377
Median Rent
$471,600
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?
Shopping center - Retail property comprising multiple storefronts along Middle Country Road in Centerreach, New York.
Where is this shopping center located?
The property is located at 2505 Middle Country Road Centereach, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Six‑store modern shopping center; Approximately 13,100 square feet of commercial space; Located at 2505 Middle Country Road
