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    16 Middle Country Rd Coram, NY 11727

    Sponsored
    For Sale
    $3,350,000

    High-yield, 100% occupied shopping center. Strong tenant base.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000 square foot shopping center, located at 16 Middle Country Road in Coram, New York (zip code 11727), presents a compelling investment opportunity. The property boasts a strong pro-forma NOI of $217,385 and a pro-forma cap rate of 6.49%, reflecting its significant income potential. Currently operating at 100% occupancy, the center features nine units within a single-story building situated on a 40,507 square foot lot. The asking price is $3,350,000, translating to a price per square foot of $335. The property benefits from a triple net (NNN) lease structure with a remaining term of 10 years, minimizing landlord responsibilities. Ample parking is available for shoppers and tenants, with 70 spaces provided. The center's prominent location on the south side of Middle Country Road, between Fife and Erna Drives, ensures high visibility and accessibility. A pylon sign further enhances the property's marketing potential. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location. The property is classified as a multi-tenant shopping center.

    Property Features for 16 Middle Country Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,000 SF

    Building Details

    Stories
    1
    Units
    9

    HighLights

    • 10,000 SF multi‑tenant shopping center in Coram, NY (11727) on a 40,507 SF lot.
    • Strong pro‑forma NOI of $217,385 and 6.49% cap rate.
    • $3,350,000 asking price ($335/SF); 100% occupancy with nine units.
    • Triple‑net (NNN) lease with 10 years remaining.
    • High visibility location on Middle Country Road with ample parking (70 spaces) and pylon signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    PIZZERÍA LA PITAHAYA Restaurant Happy Garden Chinese ... Chinese Restaurant LA PITAHAYA Taco Restaurant Good Samaritan Haitian ... Caterer ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Coram
    County
    Suffolk
    State
    New York
    Longitude
    -72.9780279
    Latitude
    40.8738888

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, 100% occupied shopping center. Strong tenant base.
    Where is this lifestyle center located?
    The property is located at 16 Middle Country Rd Coram, NY.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: 10,000 SF multi-tenant shopping center in Coram, NY (11727) on a 40,507 SF lot.; Strong pro-forma NOI of $217,385 and 6.49% cap rate.; $3,350,000 asking price ($335/SF); 100% occupancy with nine units.
    Request Owner's contact information
    16 Middle Country Rd Coram, NY 11727
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    Coram, NY 11727
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    Realmo Value Estimation

    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.

    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.

    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
    16 Middle Country Rd Coram, NY 11727
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