Listing Agency: Coldwell Banker M&D Good Life · Coldwell Banker Real Estate m***@coldwellbanker.com Show Phone

Listed By: Marina Putova Show Phone

Added: Jul 10 Changed: Oct 5 Last Checked: Oct 13 at 9:06PM

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MLS# 1025367

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Investment Insights

Based on property information with market context.

This 1.5-acre mixed-use property includes a leased commercial building operating as a deli, a single-family 3-bedroom home generating steady rental income, and additional spacious vacant land accessible from Flanders Road. The offering also presents development flexibility, including the opportunity to develop a 3,750-square-foot commercial building for a range of business uses.

The site is described as being located along a busy roadway between major highways, with approximately 22,000 vehicles passing daily and a bus stop directly in front, supporting visibility and convenient public access.

Overall, the property combines current income with available land for additional residential unit creation or expanded portfolio development, subject to applicable approvals.

Key Highlights

• 1.5‑acre property with public water and fenced grounds
• Includes a 3‑bedroom single‑family home with steady current rental income
• Leased commercial building operating as a deli

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,316

Cap Rate

3.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,466,320 $1.5M

Cap Rate 7%

$1,047,371 $1.0M

Cap Rate 9%

$814,622 $814.6K

Market Conditions

NOI Build-Up for 3,750 SF

Gross rent

$112.5K $30.00/SF

− Vacancy

−$7.8K −$2.07/SF

EGI

$104.7K $27.93/SF

− OpEx

−$31.4K −$8.38/SF

NOI

$73.3K $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%

$1,466,320

Cap Rate 7%

$1,047,371

Cap Rate 9%

$814,622

Alternative Uses

Best Use

Retail

$1.05M

$916.5K – $1.22M (±1% cap)

NOI $73,316 @ 7.0% cap · market cap 3.26%

Second Best

Mixed Use

$953.7K

$834.5K – $1.11M (±1% cap)

NOI $66,758 @ 7.0% cap · market cap 2.97%

Theoretical Best

Office A

$1.14M

$999.6K – $1.33M (±1% cap)

NOI $79,970 @ 7.0% cap · market cap 3.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Torito Chapin Deli ... Discount Store

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD

Traffic count

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

88

Businesses Nearby

10k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

7-Eleven Shops & Services

9,764 visits/mo 0.2 miles

One Stop Flanders Market Shops & Services

425 visits/mo 0.2 miles

Demographics for 11901, NY

30,936

Population

13,126

Households

2.4

Avg Household Size

42

Median Age

21%

College-Educated

79%

High-School Grad

56.7 sq mi

ZIP Area

546

Density / Sq Mi

$83,252

Median Household Income

$39,949

Median Earnings

$2,195

Median Rent

$437,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Leased deli building, 3-bedroom rental home, and vacant land on a busy roadway with direct access from Flanders Road.

Where is this mixed-use property located?

The property is located at 669 Flanders Road Flanders, NY.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 1.5‑acre property with public water and fenced grounds; Includes a 3‑bedroom single‑family home with steady current rental income; Leased commercial building operating as a deli