Single-Story Office
500 Merrick Road, Baldwin, NY 11510
For Sale
$1,200,000
The building offers approximately 13,000 square feet of office space along Merrick Road.
Property Size13,000 SF
Price / SF$231.17
Days on Market43
Property Features for 500 Merrick Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Mahler Realty
(516) 223-3111
Listed By:
Erik C. Mahler · License NY #10311204488
Source:
Neilcharlesrealestate
Added: Sep 28
Changed: Nov 9
Last Checked: Nov 8 at 3:50PM
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 Mahler Realty
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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.
This one-story office building contains approximately 13,000 square feet and is located at 500 Merrick Road in Baldwin, New York. The property is presented for sale as an office asset.
Key Highlights
- Approximately 13,000 square feet of office space
- Single‑story building on Merrick Road
- About 2 miles from the Southern State and Meadowbrook parkways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,261
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,785,220
$1.8M
Cap Rate 7%
$1,275,157
$1.3M
Cap Rate 9%
$991,789
$991.8K
Market Conditions
NOI Build-Up for 5,191 SF
Gross rent
$145.1K $27.96/SF
− Vacancy
−$26.1K −$5.03/SF
EGI
$119.0K $22.93/SF
− OpEx
−$29.8K −$5.73/SF
NOI
$89.3K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,785,220
Cap Rate 7%
$1,275,157
Cap Rate 9%
$991,789
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,261 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $240,252 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Nassau County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The building offers approximately 13,000 square feet of office space along Merrick Road.
Where is this office building located?
The property is located at 500 Merrick Road Baldwin, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 13,000 square feet of office space; Single‑story building on Merrick Road; About 2 miles from the Southern State and Meadowbrook parkways
