Corner Storefront
New
For Sale
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711-715 N Wellwood Ave, Lindenhurst, NY 11757
Commercial building on a primary corridor with corner positioning and E zoning.
Property Size4,600 SF
Lot Size0.37 Acres
Price / SF$347.83
Days on Market7
Property Features for 711-715 N Wellwood Ave
General Information
Standard status
Active
Size
4,600 SF
Lot size
0.37 Acres
Property subtype
Retail, Mixed Use
Zoning
E
Lease Type
Gross
Additional Details
Asking Price
$1,600,000
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Tripoint Real Estate
Listed By:
Christopher Cardenas · License #10491213447
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 8:13AM
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 Tripoint Real Estate
Investment Insights
Based on property information with market context.
This 4,600-square-foot storefront property occupies a ±0.37-acre corner parcel and is positioned along North Wellwood Avenue. The building is zoned E, supporting a range of commercial and industrial uses subject to municipal approvals.
The property sits within an established mixed-use commercial corridor surrounded by national retailers, local businesses, residential neighborhoods, and community amenities. Its placement along one of Lindenhurst’s primary commercial thoroughfares provides convenient access and exposure to the surrounding commercial activity.
The property sits within an established mixed-use commercial corridor surrounded by national retailers, local businesses, residential neighborhoods, and community amenities. Its placement along one of Lindenhurst’s primary commercial thoroughfares provides convenient access and exposure to the surrounding commercial activity.
Key Highlights
- 4,600 SF commercial building
- ±0.37‑acre corner parcel
- E zoning allows commercial and industrial uses subject to municipal approvals
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
$89,935
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
5.62%
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%
$1,798,700
$1.8M
Cap Rate 7%
$1,284,786
$1.3M
Cap Rate 9%
$999,278
$999.3K
Market Conditions
NOI Build-Up for 4,600 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
$138.0K $30.00/SF
− Vacancy
−$9.5K −$2.07/SF
EGI
$128.5K $27.93/SF
− OpEx
−$38.5K −$8.38/SF
NOI
$89.9K $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%
$1,798,700
Cap Rate 7%
$1,284,786
Cap Rate 9%
$999,278
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,935 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,096 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building on a primary corridor with corner positioning and E zoning.
Where is this storefront property located?
The property is located at 711-715 N Wellwood Ave Lindenhurst, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,600 SF commercial building; ±0.37‑acre corner parcel; E zoning allows commercial and industrial uses subject to municipal approvals
