Retail and Office Mixed-Use
For Sale
$3,100,000
393 Sunrise Highway, Lynbrook, NY 11563
Mixed retail and office units with existing tenancy, while tenants handle their own utilities.
Property Size9,925 SF
Days on Market95
Property Features for 393 Sunrise Highway
General Information
Standard status
Active
Size
9,925 SF
Property subtype
Commercial
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$84,000
Building Details
Building Size
9,925 SF
Year Built
1921
Buildings
1
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Coldwell Banker Easton Prop
(631) 586-6700
Listed By:
Alejandro Rosario
(631) 838-8462
Source:
Maurafinnegan
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 5 at 8:27AM
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 Coldwell Banker Easton Prop
Investment Insights
Based on property information with market context.
The property includes a total of three retail units and five office units within one mixed-use building. The second floor offers five office units, with three currently vacant and two occupied. On the first floor, there are three retail units operating with retail tenants in place.
The building is located on Sunrise Highway in Lynbrook, with proximity to the Lynbrook LIRR Station and access to an on-site parking lot. This combination of transit proximity and parking supports storefront and office usage.
For tenants and buyers, the layout provides flexible space types in one ownership, combining street-level retail with office space above. Since tenants pay all utilities, operating costs may be more straightforward for an owner to manage. The mix of occupied and vacant offices also gives an operator the ability to stabilize the second-floor layout over time while maintaining current retail tenancy.
The building is located on Sunrise Highway in Lynbrook, with proximity to the Lynbrook LIRR Station and access to an on-site parking lot. This combination of transit proximity and parking supports storefront and office usage.
For tenants and buyers, the layout provides flexible space types in one ownership, combining street-level retail with office space above. Since tenants pay all utilities, operating costs may be more straightforward for an owner to manage. The mix of occupied and vacant offices also gives an operator the ability to stabilize the second-floor layout over time while maintaining current retail tenancy.
Key Highlights
- Mixed‑use property with 3 retail units and 5 office units
- Tenants pay all utilities
- 1st floor includes 3 retail tenants
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
$196,545
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
6.34%
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%
$3,930,900
$3.9M
Cap Rate 7%
$2,807,786
$2.8M
Cap Rate 9%
$2,183,833
$2.2M
Market Conditions
NOI Build-Up for 9,925 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
$297.8K $30.00/SF
− Vacancy
−$17.0K −$1.71/SF
EGI
$280.8K $28.29/SF
− OpEx
−$84.2K −$8.49/SF
NOI
$196.5K $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%
$3,930,900
Cap Rate 7%
$2,807,786
Cap Rate 9%
$2,183,833
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,545 @ 7.0% cap · market cap 6.34%
Second Best
Office B
$2.44M
$2.13M – $2.84M
NOI $170,664 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$6.56M
$5.74M – $7.66M
NOI $459,354 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Mixed retail and office units with existing tenancy, while tenants handle their own utilities.
Where is this office units located?
The property is located at 393 Sunrise Highway Lynbrook, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Mixed‑use property with 3 retail units and 5 office units; Tenants pay all utilities; 1st floor includes 3 retail tenants
