Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Space For Rent Title is generated by Realmo AI

    789 Merrick Rd, Valley Stream, NY 11580

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr

    Medical office space featuring exam rooms and parking.

    Type:Commercial
    Added:
    Apr 15, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 14 at 6:33 am

    Property Features for 789 Merrick Rd

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Dennis Arango
    Dennis Arango

    Listing agent Dennis Arango License #30AR0958027

    Listing office John Savoretti Realty

    Listing date Apr 15, 2026

    Source Elliman

    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 John Savoretti Realty

    HighLights

    • Walker's Paradise (Walk Score: 91)
    • Medical Office Space
    • 3 Exam Rooms
    • Large Waiting Area
    • 2 Bathrooms
    • Parking In The Rear Of Building

    Overview

    This medical office space for rent features a large waiting area and three exam rooms. The property includes two bathrooms. Parking is available in the rear of the building. The location has a walk score of 91, indicating it is a walker's paradise. The bike score is 52, indicating it is bikeable. The transit score is 58, indicating good transit.
    Location Intelligence

    Current Use by Public Records

    may may Nail ... Nail Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Banfield Pet Hospital — 14 West Circle, Valley Stream, NY 11581
    • Valley Stream Veterinarian Service — 179 Elm St, Valley Stream, NY 11580

    Location Insight

    • Map
    • Local Demand
    City
    Valley Stream
    County
    Nassau
    State
    New York
    Longitude
    -73.725323
    Latitude
    40.673814

    Nearby Similar for Lease

    • $2,000/Mo
      450 SF

      Renovated Office Space Near LIRR

      Renovated office space in Valley Stream, utilities included.
      5 Sunrise Plaza, Valley Stream, NY 11580
      View Details
    • $2,650/Mo

      Valley Stream Commercial Space Available

      Commercial space for rent in Valley Stream, New York.
      72 S central Avenue, Valley Stream, NY 11580
      View Details
    • $6,000/Mo
      3,392 SF

      Valley Stream Commercial Space Available

      3392 sq ft space with existing bar/restaurant equipment.
      156 Rockaway Avenue, Valley Stream, NY 11580
      View Details
    • $1,000/Mo

      Second-Floor Independent Office Space

      Independent office suite on the second floor, available for rent on W Merrick Road in Valley Stream.
      475 W Merrick Road, Valley Stream, NY 11580
      View Details
    • $8,460/Mo

      Medical Office Space Available

      Medical office space for rent, available June 15, 2026.
      64 S Central Avenue, Valley Stream, NY 11580
      View Details
    • $4,475/Mo

      Medical Office Space For Rent

      Medical office space available for rent in Valley Stream.
      66-68 S central Avenue, Valley Stream, NY 11580
      View Details
    • Sponsored
      Contact for pricing

      Valley Stream

      70 Sunrise Hwy, Unit 500, Valley Stream, NY 11581
      View Details
    • $2,000/Mo
      450 SF

      Renovated Office Space Near LIRR

      Recently renovated office space in Valley Stream, utilities included.
      5 Sunrise Plz Suite 207, Valley Stream, NY 11580
      View Details
    • $5,000/Mo
      1,800 SF

      Valley Stream First-Floor Office Space

      1,800 SF office space with flexible layout on Merrick Road.
      550 W Merrick Rd, Valley Stream, NY 11580
      View Details
    • $6,000/Mo

      Valley Stream Office Space Available

      2100 sqft office space in downtown Valley Stream.
      11 E Hawthorne Avenue, Valley Stream, NY 11580
      View Details
    • $3,500/Mo
      1,660 SF

      Versatile Commercial Space in Valley Stream

      1660 sq ft space suitable for office, retail, distribution.
      139 N Central Ave 5, Valley Stream, NY 11580
      View Details
    • $3,000/Mo

      Valley Stream Renovated Office Space

      Renovated office space near transportation in Valley Stream, NY.
      124 Rockaway Avenue, Valley Stream, NY 11580
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space featuring exam rooms and parking.
    Where is this medical office space located?
    The property is located at 789 Merrick Rd Valley Stream, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Walker's Paradise (Walk Score: 91); Medical Office Space; 3 Exam Rooms
    (516) 459-3655
    We can help!
    Listing Contact
    Dennis Arango
    Dennis Arango
    Real Estate License ID: 30AR0958027
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    789 Merrick Rd, Valley Stream, NY 11580
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!