Commercial Land with Freestanding
For Sale
$1,495,000
554 Hauppauge Road, Hauppauge, NY 11788
Signalized-intersection commercial site with dedicated parking and adaptable building improvements for business or redevelopment use.
Property Size2,600 SF
Days on Market47
Property Features for 554 Hauppauge Road
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
32
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,270
Building Details
Building Size
2,600 SF
Year Built
1953
Buildings
1
Stories
1
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Callexitfirst
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 25 at 9:10AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This commercial land offering includes a freestanding building with three bays, 14-foot ceilings, office and waiting-area space, air conditioning, 200 Amp power, and new LED lighting. The property also provides 32 parking spaces in a private lot, two curb cuts, and the flexibility to deliver the entire site vacant. NB zoning is identified in the property information.
The site occupies a 13,000+ Sqft. lot at the intersection of Route 111 and Townline Rd., near the Routes 347 and 454 intersection. A signalized intersection and a reported daily traffic count of 24,500+ vehicles per day support direct roadway exposure. The surrounding commercial context includes Starbucks, Northwell Health, Marriott Hotels, UPS, Walmart, BJ’s Wholesale Club, ShopRite, and other national and regional businesses.
The site occupies a 13,000+ Sqft. lot at the intersection of Route 111 and Townline Rd., near the Routes 347 and 454 intersection. A signalized intersection and a reported daily traffic count of 24,500+ vehicles per day support direct roadway exposure. The surrounding commercial context includes Starbucks, Northwell Health, Marriott Hotels, UPS, Walmart, BJ’s Wholesale Club, ShopRite, and other national and regional businesses.
Key Highlights
- 13,000+ Sqft. lot at Route 111 and Townline Rd.
- 24,500+ vehicles per day reported daily traffic count
- Freestanding building with 3 bays and 14' ceilings
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
$50,833
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
3.40%
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%
$1,016,660
$1.0M
Cap Rate 7%
$726,186
$726.2K
Cap Rate 9%
$564,811
$564.8K
Market Conditions
NOI Build-Up for 2,600 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
$78.0K $30.00/SF
− Vacancy
−$5.4K −$2.07/SF
EGI
$72.6K $27.93/SF
− OpEx
−$21.8K −$8.38/SF
NOI
$50.8K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
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%
$1,016,660
Cap Rate 7%
$726,186
Cap Rate 9%
$564,811
Alternative Uses
Best Use
Retail
$726.2K
$635.4K – $847.2K
NOI $50,833 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.1K
$693.1K – $924.1K
NOI $55,446 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
12,595 visits/mo
0.3 miles
Demographics for 11788, NY
16,273
Population
5,818
Households
2.8
Avg Household Size
44
Median Age
50%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
1,892
Density / Sq Mi
$148,946
Median Household Income
$71,034
Median Earnings
$2,689
Median Rent
$635,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Signalized-intersection commercial site with dedicated parking and adaptable building improvements for business or redevelopment use.
Where is this commercial land located?
The property is located at 554 Hauppauge Road Hauppauge, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 13,000+ Sqft. lot at Route 111 and Townline Rd.; 24,500+ vehicles per day reported daily traffic count; Freestanding building with 3 bays and 14' ceilings
