324 E Main Street Smithtown, NY 77573
High-visibility property with auto shop and rental income.
- Added:
- May 13, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 28 at 1:58 pm
Property Features for 324 E Main Street
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Property subtype
- Retail
Listing office Berkshire Hathaway Commercial Services | Laffey International Realty
Listing date May 13, 2026
Source Crexi
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 Berkshire Hathaway Commercial Services | Laffey International Realty
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location on Route 25A with exceptional visibility.
- Turnkey auto repair shop space with four bays (delivered vacant).
- Reliable tenant (Enterprise Rent‑A‑Car) in place since 2007, providing steady income.
Local 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 | $192.2k | $33.60 |
| − Vacancy | −$12.5k | −$2.18 |
| EGI | $179.7k | $31.42 |
| − OpEx | −$53.9k | −$9.42 |
| NOI | $125.8k | $21.99 |
Alternative Uses
Property Analytics
Current Use by Public Records
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