Corner Commercial
For Sale
$1,299,000
554 Hauppauge Road, Hauppauge, NY 11788
NB zoning accompanies an existing three-bay building with office and waiting areas.
Property Size2,600 SF
Price / SF$499.62
Days on Market103
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
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Jul 15
Changed: Oct 23
Last Checked: Oct 23 at 4:54PM
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 Gail Leone
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This NB-zoned commercial parcel contains a 2,600-square-foot building constructed in 1953. The layout includes three bays, office and waiting areas, and 14-foot ceilings. Building features include 200-amp power, air conditioning, and new LED lighting. The 13,000+ square-foot site has a private lot with 32 parking spaces and two curb cuts; the property can be delivered vacant if needed.
The site sits at Route 111 and Townline Road, at a signalized intersection and one block from the Routes 347 and 454 intersection. Reported daily traffic is 24,500+ vehicles. Nearby businesses include Starbucks, Northwell Health, Marriott Hotels, UPS, BJ’s Wholesale Club, Walmart, ShopRite, and Planet Fitness.
The site sits at Route 111 and Townline Road, at a signalized intersection and one block from the Routes 347 and 454 intersection. Reported daily traffic is 24,500+ vehicles. Nearby businesses include Starbucks, Northwell Health, Marriott Hotels, UPS, BJ’s Wholesale Club, Walmart, ShopRite, and Planet Fitness.
Key Highlights
- NB‑zoned parcel with 2,600 square‑foot building
- 13,000+ square‑foot lot
- Three bays and 14‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,833
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
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
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 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 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.1K
$693.1K – $924.1K
NOI $55,446 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Commercial land - NB zoning accompanies an existing three-bay building with office and waiting areas.
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 $1,299,000.
What are key features of this property?
This property features: NB‑zoned parcel with 2,600 square‑foot building; 13,000+ square‑foot lot; Three bays and 14‑foot ceilings
