2829 Merrick Road #4, Bellmore, NY 11710

Building Details

Building Size 1,250 SF More

Listing Agency: Shane's Anchor Realty Corp m***@aol.com Show Phone

Listed By: JoAnn Passalacqua

Source: Croninreale

Added: Sep 8 Changed: Nov 7 Last Checked: Nov 7 at 6:28PM

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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 Shane's Anchor Realty Corp

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,250-square-foot retail condominium is configured in an L shape, with storefront access on both Merrick Road and Eastern Avenue. The dual-facing layout provides two separate street exposures, and the property includes a private parking lot with space for 24 cars, along with on-street parking. A printing business has operated at the location for 36 years.

Key Highlights

• 1,250‑square‑foot retail condominium
• Storefronts on Merrick Road and Eastern Avenue
• L‑shaped layout with two street exposures

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,754

Cap Rate

3.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$495,080 $495.1K

Cap Rate 7%

$353,629 $353.6K

Cap Rate 9%

$275,044 $275.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$37.5K $30.00/SF

− Vacancy

−$2.1K −$1.71/SF

EGI

$35.4K $28.29/SF

− OpEx

−$10.6K −$8.49/SF

NOI

$24.8K $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%

$495,080

Cap Rate 7%

$353,629

Cap Rate 9%

$275,044

Alternative Uses

Best Use

Retail

$353.6K

$309.4K – $412.6K (±1% cap)

NOI $24,754 @ 7.0% cap · market cap 3.19%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$826.5K

$723.2K – $964.2K (±1% cap)

NOI $57,853 @ 7.0% cap · market cap 7.46%

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

clean sweep copy Consultant Perfection Printing Marketing & Advertising CE Architect, PLLC, ... Architect ImperfectlyPerfect.org Association / Organization CPAS Consultant

Suggested Use

Top Pick Daycare Center Storage Facility Carpet & Flooring Store Nursing Home Locksmith (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,616

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11710, NY

35,155

Population

11,717

Households

3

Avg Household Size

43

Median Age

54%

College-Educated

97%

High-School Grad

4.9 sq mi

ZIP Area

7,174

Density / Sq Mi

$173,136

Median Household Income

$76,812

Median Earnings

$2,495

Median Rent

$647,000

Median Home Value

Market

Properties on Market for Storefront properties in Nassau County

Jul

Aug

Sep

Oct

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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Frequently Asked Questions

What type of property is this?

Storefront property - An L-shaped commercial unit has storefronts facing Merrick Road and Eastern Avenue.

Where is this storefront property located?

The property is located at 2829 Merrick Road #4 Bellmore, NY.

What is the asking price?

The asking price for this property is $774,990.

What are key features of this property?

This property features: 1,250‑square‑foot retail condominium; Storefronts on Merrick Road and Eastern Avenue; L‑shaped layout with two street exposures