Strip Mall with Road
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For Sale
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58-60 East Merrick Road, Valley Stream, NY 11580
Retail center offering a substantial commercial footprint along East Merrick Road in Valley Stream.
Property Size13,620 SF
Lot Size0.61 Acres
Price / SF$385.46
Days on Market5
Property Features for 58-60 East Merrick Road
General Information
Standard status
Active
Size
13,620 SF
Total Parking Spaces
25
Lot size
0.61 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Additional Details
Traffic Count
29,750 vehicles/day
Building Details
Year Built
1992
Year Renovated
2025
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Michael Tuccillo · License #NY 10401244358
(212) 430-5196
Source:
Crexi
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 2:05PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This retail strip center contains 13,620 square feet on a 0.61-acre site. Constructed in 1992, the property is configured for multi-tenant retail use and presents 200 feet of frontage along East Merrick Road.
The center is located at 58-60 East Merrick Road in Valley Stream, New York, with reported traffic exposure of 29,750+ vehicles per day. Its combination of established construction, retail-oriented configuration, and substantial road frontage defines the property’s commercial profile.
The center is located at 58-60 East Merrick Road in Valley Stream, New York, with reported traffic exposure of 29,750+ vehicles per day. Its combination of established construction, retail-oriented configuration, and substantial road frontage defines the property’s commercial profile.
Key Highlights
- 13,620‑square‑foot retail strip center
- 0.61‑acre commercial site
- 200 feet of frontage on East Merrick Road
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
$269,717
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
5.14%
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%
$5,394,340
$5.4M
Cap Rate 7%
$3,853,100
$3.9M
Cap Rate 9%
$2,996,856
$3.0M
Market Conditions
NOI Build-Up for 13,620 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
$408.6K $30.00/SF
− Vacancy
−$23.3K −$1.71/SF
EGI
$385.3K $28.29/SF
− OpEx
−$115.6K −$8.49/SF
NOI
$269.7K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
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%
$5,394,340
Cap Rate 7%
$3,853,100
Cap Rate 9%
$2,996,856
Alternative Uses
Best Use
Retail
$3.85M
$3.37M – $4.50M
NOI $269,717 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.01M
$7.88M – $10.51M
NOI $630,368 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
29,750 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
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?
Strip mall - Retail center offering a substantial commercial footprint along East Merrick Road in Valley Stream.
Where is this strip mall located?
The property is located at 58-60 East Merrick Road Valley Stream, NY.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 13,620‑square‑foot retail strip center; 0.61‑acre commercial site; 200 feet of frontage on East Merrick Road
