Shopping Center Full Retail
For Sale
Contact for pricing
3153-3199 Long Beach Rd, Oceanside, NY 11572
Full retail block with high visibility along Long Beach Road between Perkins Avenue and Weidner Avenue in Oceanside.
Property Size11,901 SF
Price / SF$470.55
Days on Market53
Property Features for 3153-3199 Long Beach Rd
General Information
Standard status
Active
Size
11,901 SF
Property subtype
RETAIL
Listing Agency:
Century 21 - Sherlock Homes | Rockville Centre
(516) 764-2601
Listed By:
Roger Hart · License #NC249783
(516) 764-2183
Source:
Moodyscre
Added: Jul 27
Changed: Sep 13
Last Checked: Sep 16 at 7:02PM
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 | Rockville Centre
Investment Insights
Based on property information with market context.
This shopping center offers a full retail block at 3153-3199 Long Beach Rd, Oceanside, NY 11572, spanning 11,901 SF. The property is positioned for strong drive-by exposure with high visibility along Long Beach Road between Perkins Avenue and Weidner Avenue.
The location’s retail focus and prominent corridor presence make it a compelling option for tenants and operators seeking an established, street-facing retail environment within an active Oceanside area. The offering is for sale.
The location’s retail focus and prominent corridor presence make it a compelling option for tenants and operators seeking an established, street-facing retail environment within an active Oceanside area. The offering is for sale.
Key Highlights
- 11,901 SF full retail block shopping center
- High visibility along Long Beach Road
- Located between Perkins Avenue and Weidner Avenue
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
$235,676
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
4.21%
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%
$4,713,520
$4.7M
Cap Rate 7%
$3,366,800
$3.4M
Cap Rate 9%
$2,618,622
$2.6M
Market Conditions
NOI Build-Up for 11,901 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
$357.0K $30.00/SF
− Vacancy
−$20.4K −$1.71/SF
EGI
$336.7K $28.29/SF
− OpEx
−$101.0K −$8.49/SF
NOI
$235.7K $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%
$4,713,520
Cap Rate 7%
$3,366,800
Cap Rate 9%
$2,618,622
Alternative Uses
Best Use
Retail
$3.37M
$2.95M – $3.93M
NOI $235,676 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.87M
$6.89M – $9.18M
NOI $550,808 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11572, NY
31,157
Population
10,811
Households
2.9
Avg Household Size
44
Median Age
48%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
6,491
Density / Sq Mi
$144,419
Median Household Income
$61,627
Median Earnings
$2,118
Median Rent
$627,300
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
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Similar Off Market Nearby
- Oceanside Plaza — 3159 Long Beach Rd, Oceanside, NY 11572
- GREAT LINCOLN SHOPPING CENTER — 31-35 Atlantic Ave, Oceanside, NY 11572
Frequently Asked Questions
What type of property is this?
Shopping center - Full retail block with high visibility along Long Beach Road between Perkins Avenue and Weidner Avenue in Oceanside.
Where is this shopping center located?
The property is located at 3153-3199 Long Beach Rd Oceanside, NY.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 11,901 SF full retail block shopping center; High visibility along Long Beach Road; Located between Perkins Avenue and Weidner Avenue
