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    Retail Storefront Space Title is generated by Realmo AI

    347 Jericho Turnpike, Syosset, NY 11791

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    For Lease
    $10,000 /Mo

    Retail space available for lease at 347 Jericho Turnpike in Syosset, suited for neighborhood-serving concepts.

    Added:
    May 30, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 2:48 am

    Property Features for 347 Jericho Turnpike

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Nancyz B. Mata Sandoval

    Listing agent Nancyz B. Mata Sandoval

    Listing office

    Listing date May 30, 2026

    Source Evrealestate

    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 Nancyz B. Mata Sandoval

    HighLights

    • Retail space available for lease at 347 Jericho Turnpike in Syosset
    • Built in 1955
    • Central air cooling
    • Natural gas heating
    • Finished basement
    • Access directions provided: Cold Spring Rd to Jackson Ave, Underhill Blvd, then Jericho Tpke

    Overview

    This retail storefront property is offered for lease and is positioned for straightforward customer access and branding at street level. The offering is described as a retail space within the broader storefront and retail property category, making it a practical option for businesses seeking a commercial presence on a well-known thoroughfare.

    The property is located at 347 Jericho Turnpike in Syosset, New York, within Nassau County. Public directions note access via Cold Spring Rd to Jackson Ave, then Underhill Blvd, followed by Jericho Tpke, which can be helpful for navigating to the site.

    As a leased storefront, the space may fit a range of tenants looking for a retail-focused location rather than an industrial or office buildout. Operators who value visibility and a direct retail setting may find this configuration workable for everyday customer traffic and business signage. For more details on layout, current condition, and specific leasing terms, interested parties should inquire for the full package.
    Location Intelligence

    Current Use by Public Records

    Larissa Marin, Blackstone ... Real Estate Agency Stephen Joseph Properties ... Real Estate Agency Asad Naqvi, Blackstone ... Real Estate Agency Blackstone Realty Real Estate Agency 5C Blink Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 1800 flowers - — 397 Jericho Turnpike, Syosset, NY 11791
    • Syosset Florist — 397 Jericho Turnpike, Syosset, NY 11791
    • J. Merullo Imports Inc. — 90 Gordon Dr B, Syosset, NY 11791

    Location Insight

    • Map
    • Local Demand
    City
    Syosset
    County
    Nassau
    State
    New York
    Longitude
    -73.502468
    Latitude
    40.810474

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    FAQs

    What type of property is this?
    Storefront property - Retail space available for lease at 347 Jericho Turnpike in Syosset, suited for neighborhood-serving concepts.
    Where is this storefront property located?
    The property is located at 347 Jericho Turnpike Syosset, NY.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: Retail space available for lease at 347 Jericho Turnpike in Syosset; Built in 1955; Central air cooling
    (516) 312-9762
    We can help!
    Listing Contact
    Nancyz B. Mata Sandoval
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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