Fenced-Yard Retail
For Sale
Contact for pricing
305 N Newbridge Rd, Levittown, NY 11756
Business-zoned retail property with a gated rear yard, gas heat, and 200-amp electric service.
Property Size1,435 SF
Lot Size0.18 Acres
Price / SF$688.50
Days on Market50
Property Features for 305 N Newbridge Rd
General Information
Standard status
Active
Size
1,435 SF
Lot size
0.18 Acres
Property subtype
Office
Zoning
business
Site & Location
Traffic Count
25,000 vehicles/day
Utilities to Site
Yes
Amenities
Large rear yard fenced and gated
Gas heat
Electric 200 amps
Listing Agency:
United Realty
Listed By:
Steven Epstein · License #NY 40EP0881630
(516) 320-7704
Source:
Crexi
Added: Jul 30
Changed: Sep 9
Last Checked: Sep 16 at 3:13PM
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 United Realty
Investment Insights
Based on property information with market context.
This retail property includes a 1,435-square-foot building on an approximately 8,052-square-foot lot. The site features a large rear yard that is fenced and gated, along with gas heat and 200-amp electric service. The property is zoned business.
Located centrally between Hempstead Turnpike and Old County Road, the property has a reported traffic count of approximately 25,000 cars daily. Its building-and-lot configuration provides retail space with additional secured outdoor area.
Located centrally between Hempstead Turnpike and Old County Road, the property has a reported traffic count of approximately 25,000 cars daily. Its building-and-lot configuration provides retail space with additional secured outdoor area.
Key Highlights
- 1,435 SF building on an approximately 8,052 SF lot
- Large rear yard with fencing and gated access
- Business zoning
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
$28,417
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
2.88%
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%
$568,340
$568.3K
Cap Rate 7%
$405,957
$406.0K
Cap Rate 9%
$315,744
$315.7K
Market Conditions
NOI Build-Up for 1,435 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
$43.1K $30.00/SF
− Vacancy
−$2.5K −$1.71/SF
EGI
$40.6K $28.29/SF
− OpEx
−$12.2K −$8.49/SF
NOI
$28.4K $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%
$568,340
Cap Rate 7%
$405,957
Cap Rate 9%
$315,744
Alternative Uses
Best Use
Retail
$406.0K
$355.2K – $473.6K
NOI $28,417 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$948.8K
$830.2K – $1.11M
NOI $66,415 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
289k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Shops & Services 34%
Dining 19%
Beauty & Spa 1%
Walmart
Superstores
129,942 visits/mo
0.3 miles
Texas Roadhouse
Dining
33,632 visits/mo
0.5 miles
Dollar Tree
Shops & Services
21,653 visits/mo
0.4 miles
Shell
Shops & Services
20,839 visits/mo
0.5 miles
Chase Bank
Shops & Services
16,562 visits/mo
0.5 miles
Demographics for 11756, NY
42,501
Population
14,169
Households
3
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
5.5 sq mi
ZIP Area
7,727
Density / Sq Mi
$139,901
Median Household Income
$59,471
Median Earnings
$2,361
Median Rent
$557,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Business-zoned retail property with a gated rear yard, gas heat, and 200-amp electric service.
Where is this retail space located?
The property is located at 305 N Newbridge Rd Levittown, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: 1,435 SF building on an approximately 8,052 SF lot; Large rear yard with fencing and gated access; Business zoning
