One-Story Mixed-Use
For Sale
$2,300,000
500 - 514 Merrick Rd, Baldwin, NY 11510
Two connected commercial buildings combine office and retail space along Merrick Road.
Property Size13,000 SF
Price / SF$176.92
Days on Market49
Property Features for 500 - 514 Merrick Rd
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$55,872
Building Details
Building Size
13,000 SF
Year Built
1963
Buildings
2
Stories
1
Listed By:
Peyton Mahler
(516) 265-4816
Source:
Elliman
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 1 at 6:12AM
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 Peyton Mahler
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Investment Insights
Based on property information with market context.
This mixed-use commercial property consists of two contiguous, one-story buildings at 500–514 Merrick Rd. The improvements total approximately 13,000 square feet and support a combination of office and retail uses, providing a flexible configuration for an owner-user or commercial operator.
The property fronts the Merrick Road commercial corridor in Baldwin, with access to the Southern State Parkway and Meadowbrook Parkway approximately 2 miles away. Rockville Centre and Baldwin Long Island Rail Road stations are minutes from the site, with train service reaching Penn Station or Grand Central in 37 minutes. Walk Score is 95, Bike Score is 54, and Transit Score is 53.
The property fronts the Merrick Road commercial corridor in Baldwin, with access to the Southern State Parkway and Meadowbrook Parkway approximately 2 miles away. Rockville Centre and Baldwin Long Island Rail Road stations are minutes from the site, with train service reaching Penn Station or Grand Central in 37 minutes. Walk Score is 95, Bike Score is 54, and Transit Score is 53.
Key Highlights
- Two contiguous one‑story buildings totaling approximately 13,000 ft²
- Office and retail configuration at 500–514 Merrick Rd
- Approximately 2 miles from the Southern State and Meadowbrook Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,400
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,588,000
$3.6M
Cap Rate 7%
$2,562,857
$2.6M
Cap Rate 9%
$1,993,333
$2.0M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$312.0K $24.00/SF
− Vacancy
−$25.0K −$1.92/SF
EGI
$287.0K $22.08/SF
− OpEx
−$107.6K −$8.28/SF
NOI
$179.4K $13.80/SF
Area
Nassau County, NY
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,588,000
Cap Rate 7%
$2,562,857
Cap Rate 9%
$1,993,333
Alternative Uses
Best Use
Retail
$3.68M
$3.22M – $4.29M
NOI $257,439 @ 7.0% cap · market cap 11.19%
Second Best
Office B
$3.19M
$2.79M – $3.73M
NOI $223,540 @ 7.0% cap · market cap 9.72%
Theoretical Best
Specialty Retail
$8.60M
$7.52M – $10.03M
NOI $601,673 @ 7.0% cap · market cap 26.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected commercial buildings combine office and retail space along Merrick Road.
Where is this mixed-use property located?
The property is located at 500 - 514 Merrick Rd Baldwin, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two contiguous one‑story buildings totaling approximately 13,000 ft²; Office and retail configuration at 500–514 Merrick Rd; Approximately 2 miles from the Southern State and Meadowbrook Parkway
