Mixed-Use Building with Upper
For Sale
Contact for pricing
831 Merrick Rd, Baldwin, NY 11510
Street-level commercial space is complemented by additional upper-floor area.
Property Size2,178 SF
Lot Size0.06 Acres
Price / SF$550.96
Days on Market201
Property Features for 831 Merrick Rd
General Information
Standard status
Active
Size
2,178 SF
Lot size
0.06 Acres
Property subtype
Mixed Use, Retail, Multifamily
Additional Details
Road Access
Yes
Building Details
Year Built
1911
Buildings
1
Building Size
2,178 SF
Listing Agency:
Mahler Realty
Listed By:
Tracy Lynn · License #NY 10301209685
Source:
Crexi
Added: Feb 11
Changed: Aug 30
Last Checked: Aug 30 at 11:20AM
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 Mahler Realty
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 2,178 square feet within a building constructed circa 1911. The layout includes commercial space at street level and additional area on the upper floor, creating a two-level configuration suited to a combination of business functions.
The property occupies a 0.06-acre lot along Merrick Road in Baldwin, Nassau County, with direct street presence on the local thoroughfare. The ground-floor commercial area is identified for office, retail, or business use, while the upper-floor space adds flexibility for additional occupancy or supporting functions.
The property occupies a 0.06-acre lot along Merrick Road in Baldwin, Nassau County, with direct street presence on the local thoroughfare. The ground-floor commercial area is identified for office, retail, or business use, while the upper-floor space adds flexibility for additional occupancy or supporting functions.
Key Highlights
- Approximately 2,178 square feet of mixed‑use space
- 0.06‑acre lot along Merrick Road
- Building constructed circa 1911
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
$43,131
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
3.59%
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%
$862,620
$862.6K
Cap Rate 7%
$616,157
$616.2K
Cap Rate 9%
$479,233
$479.2K
Market Conditions
NOI Build-Up for 2,178 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
$65.3K $30.00/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$61.6K $28.29/SF
− OpEx
−$18.5K −$8.49/SF
NOI
$43.1K $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%
$862,620
Cap Rate 7%
$616,157
Cap Rate 9%
$479,233
Alternative Uses
Best Use
Retail
$616.2K
$539.1K – $718.9K
NOI $43,131 @ 7.0% cap · market cap 3.59%
Second Best
Mixed Use
$429.4K
$375.7K – $500.9K
NOI $30,056 @ 7.0% cap · market cap 2.50%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,803 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
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?
Mixed-use property - Street-level commercial space is complemented by additional upper-floor area.
Where is this mixed-use property located?
The property is located at 831 Merrick Rd Baldwin, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 2,178 square feet of mixed‑use space; 0.06‑acre lot along Merrick Road; Building constructed circa 1911
