Restaurant Site on Route
For Sale
Contact for pricing
Pending
513 Route 112, Port Jefferson Station, NY 11776
1.06 acre site with 2,975 SF restaurant.
Property Size2,975 SF
Lot Size1.06 Acres
Days on Market200
Property Features for 513 Route 112
General Information
Standard status
Pending
Size
2,975 SF
Lot size
1.06 Acres
Property subtype
Retail
Listing Agency:
Maltz Auctions
(516) 349-7022
Listed By:
Richard Maltz · License #NY 10311204111
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 10 at 6:10AM
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 Maltz Auctions
Investment Insights
Based on property information with market context.
The property is a 1.06-acre site on Route 112 in Port Jefferson Station, New York. The site contains a 2,975 square foot restaurant, previously operated as an IHOP. The property is located on a retail-heavy main thoroughfare with an average daily traffic count of 23,845. It is located 0.4 miles from the Route 112/Route 347 intersection, 0.5 miles from the Port Jefferson LIRR Station, and 1.4 miles from downtown Port Jefferson, which offers entertainment, shopping, and dining. The annual real estate tax is $29,973.54. The property's district is 200, section is 161, block is 1, and lot is 18.
Key Highlights
- 1.06 acre site on retail‑heavy Route 112
- 2,975 sq ft restaurant building
- High traffic count: 23,845 average daily
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
$54,093
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
5.15%
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%
$1,081,860
$1.1M
Cap Rate 7%
$772,757
$772.8K
Cap Rate 9%
$601,033
$601.0K
Market Conditions
NOI Build-Up for 2,975 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
$77.5K $26.04/SF
− Vacancy
−$5.3K −$1.80/SF
EGI
$72.1K $24.24/SF
− OpEx
−$18.0K −$6.06/SF
NOI
$54.1K $18.18/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,081,860
Cap Rate 7%
$772,757
Cap Rate 9%
$601,033
Alternative Uses
Best Use
Specialty Retail
$772.8K
$676.2K – $901.6K
NOI $54,093 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.3K
$793.0K – $1.06M
NOI $63,443 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
344k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 27%
Groceries 15%
Apparel 12%
ShopRite
Groceries
53,248 visits/mo
0.4 miles
Chick-fil-A
Dining
44,890 visits/mo
0.2 miles
T.J. Maxx
Apparel
39,630 visits/mo
0.4 miles
McDonald's
Dining
25,857 visits/mo
0.3 miles
Wendy's
Dining
18,729 visits/mo
0.3 miles
Demographics for 11776, NY
24,205
Population
8,707
Households
2.8
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
3,409
Density / Sq Mi
$119,480
Median Household Income
$60,398
Median Earnings
$2,220
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Station Coffee Shop — 504 Jefferson Plz, Port Jefferson Station, NY 11776
- Seaport Diner — 5045 Nesconset Hwy, Port Jefferson Station, NY 11776
- Better On A Bagel Deli — 4960 Nesconset Hwy, Port Jefferson Station, NY 11776
Frequently Asked Questions
What type of property is this?
Breakfast & diner - 1.06 acre site with 2,975 SF restaurant.
Where is this breakfast & diner located?
The property is located at 513 Route 112 Port Jefferson Station, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1.06 acre site on retail‑heavy Route 112; 2,975 sq ft restaurant building; High traffic count: 23,845 average daily
