Smithtown Retail and Office
35 W Main St, Smithtown, NY 11787
For Sale
Contact for pricing
Renovated retail and office building near Smithtown LIRR station.
Property Size5,200 SF
Price / SF$259.62
Days on Market284
Property Features for 35 W Main St
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
American Investment Properties
Listed By:
Ron Koenigsberg CCIM · License NY 31K00933350
(516) 993-7252
Source:
Crexi
Added: Feb 4
Changed: Nov 2
Last Checked: Nov 12 at 5:35AM
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 American Investment Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 35 W Main St, Smithtown, NY, is a mixed-use building featuring both retail and office spaces. The building contains one retail space on the ground floor and three office spaces on the second floor. The property was renovated in 2023. The building is located within walking distance of the Smithtown Long Island Rail Road (LIRR) train station. The property has a size of 5200 square feet.
Key Highlights
- Newly renovated in 2023
- Walking distance to Smithtown LIRR train station
- Retail and office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,700
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,000
$1.8M
Cap Rate 7%
$1,281,429
$1.3M
Cap Rate 9%
$996,667
$996.7K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$156.0K $30.00/SF
− Vacancy
−$12.5K −$2.40/SF
EGI
$143.5K $27.60/SF
− OpEx
−$53.8K −$10.35/SF
NOI
$89.7K $17.25/SF
Area
Smithtown, NY
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,000
Cap Rate 7%
$1,281,429
Cap Rate 9%
$996,667
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,700 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,389 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
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Business Placement
Demographics for 11787, NY
35,361
Population
12,147
Households
2.9
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
2,373
Density / Sq Mi
$141,505
Median Household Income
$64,248
Median Earnings
$2,349
Median Rent
$642,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Suffolk County, NY
Properties on Market for Mixed-use properties in Suffolk County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated retail and office building near Smithtown LIRR station.
Where is this mixed-use property located?
The property is located at 35 W Main St Smithtown, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Newly renovated in 2023; Walking distance to Smithtown LIRR train station; Retail and office building
