Open-Plan Retail
For Sale
$750,000
58 ROCKAWAY AVE, Valley Stream, NY 11580
Flexible commercial interior with central air and a prominent street-facing storefront.
Property Size2,600 SF
Price / SF$288.46
Days on Market185
Property Features for 58 ROCKAWAY AVE
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Retail
Amenities
Central Air
3
Listing Agency:
EXP Realty
(732) 687-6656
Listed By:
Yanli Zhang · License #10401364927
(732) 687-6656
Source:
Xome
Added: Feb 27
Changed: Aug 31
Last Checked: Aug 31 at 12:57AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This storefront property provides approximately 2,600 square feet of commercial space with an open floor plan and a prominent storefront facing Rockaway Avenue. Central air supports a range of interior business configurations, while the flexible layout can accommodate retail, office, salon, or service-oriented operations.
The property is located at 58 Rockaway Ave in Valley Stream, NY, within an established commercial setting surrounded by existing businesses. Its street-facing presentation provides direct exposure along Rockaway Avenue for businesses seeking a visible customer-facing location.
The property is located at 58 Rockaway Ave in Valley Stream, NY, within an established commercial setting surrounded by existing businesses. Its street-facing presentation provides direct exposure along Rockaway Avenue for businesses seeking a visible customer-facing location.
Key Highlights
- Approximately 2,600 square feet of commercial interior space
- Open floor plan with a prominent storefront
- Central air conditioning
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
$51,488
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
6.87%
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%
$1,029,760
$1.0M
Cap Rate 7%
$735,543
$735.5K
Cap Rate 9%
$572,089
$572.1K
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
−$4.4K −$1.71/SF
EGI
$73.6K $28.29/SF
− OpEx
−$22.1K −$8.49/SF
NOI
$51.5K $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%
$1,029,760
Cap Rate 7%
$735,543
Cap Rate 9%
$572,089
Alternative Uses
Best Use
Retail
$735.5K
$643.6K – $858.1K
NOI $51,488 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.01M
NOI $120,335 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,874
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 40%
Dollar Tree
Shops & Services
18,850 visits/mo
0.5 miles
Dunkin' Donuts
Dining
16,695 visits/mo
0.4 miles
The UPS Store
Shops & Services
1,961 visits/mo
0.5 miles
Out A Space Self Storage
Shops & Services
1,684 visits/mo
0.4 miles
Mavis Discount Tire
Shops & Services
1,548 visits/mo
0.4 miles
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wild Iris Inc — 70 Sunrise Hwy, Valley Stream, NY 11580
- Stefan's Flowers Inc — 321 hendrickson ave, lynbrook, ny 11563
- Valley Stream Florist — 252 N Central Ave, Valley Stream, NY 11580
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial interior with central air and a prominent street-facing storefront.
Where is this storefront property located?
The property is located at 58 ROCKAWAY AVE Valley Stream, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 2,600 square feet of commercial interior space; Open floor plan with a prominent storefront; Central air conditioning
