Freestanding Corner
For Sale
$2,950,000
926 Nassau Road, Uniondale, NY 11553
Retail building with loading access, high ceilings, parking, and multiple-use zoning.
Property Size4,934 SF
Lot Size0.32 Acres
Price / SF$602.04
Days on Market192
Property Features for 926 Nassau Road
General Information
Standard status
Active
Size
4,934 SF
Total Parking Spaces
32
Lot size
0.32 Acres
Property subtype
Commercial
Zoning
484.14
Net Operating Income
$134,894
Site & Location
Corner Location
Yes
Traffic Count
26,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$138,000
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$38,167
Amenities
High 20' Ceilings
Loading Dock
3 Phase Power
Roll-Up Door
All New LED Lighting
CAC
Signalized Intersection
Strategically Placed Curb Cuts
Building Details
Building Size
4,934 SF
Year Built
1948
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Cohenandcohenrealty
Added: Feb 18
Changed: Aug 28
Last Checked: Aug 28 at 3:57PM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This freestanding corner retail building contains 4,900+ square feet on a 14,000+ square foot lot. The property includes 32 parking spaces, high 20-foot ceilings, a loading dock, roll-up door, sprinklers, three-phase power, central air conditioning, and new LED lighting. Multiple-use zoning is identified as 484.14. The building is currently leased to a beer distributor, with the lease expiring 2/1/29.
Positioned on Nassau Road at a signalized intersection, the property benefits from established curb cuts and reported daily traffic of 26,700+ vehicles per day. The site is a few blocks from the Southern State Parkway and is surrounded by a broad mix of retail, food service, banking, automotive, and credit union businesses, including The Home Depot, ShopRite, Walgreens, Aldi, and 7-Eleven.
Positioned on Nassau Road at a signalized intersection, the property benefits from established curb cuts and reported daily traffic of 26,700+ vehicles per day. The site is a few blocks from the Southern State Parkway and is surrounded by a broad mix of retail, food service, banking, automotive, and credit union businesses, including The Home Depot, ShopRite, Walgreens, Aldi, and 7-Eleven.
Key Highlights
- 4,900+ Sqft. freestanding corner building
- 14,000+ Sqft. lot with 32 parking spaces
- High 20' ceilings, loading dock, and roll‑up door
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
$226,784
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
7.69%
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%
$4,535,680
$4.5M
Cap Rate 7%
$3,239,771
$3.2M
Cap Rate 9%
$2,519,822
$2.5M
Market Conditions
NOI Build-Up for 4,900 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
$323.4K $66.00/SF
− Vacancy
−$21.0K −$4.29/SF
EGI
$302.4K $61.71/SF
− OpEx
−$75.6K −$15.43/SF
NOI
$226.8K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,535,680
Cap Rate 7%
$3,239,771
Cap Rate 9%
$2,519,822
Alternative Uses
Best Use
Specialty Retail
$3.24M
$2.83M – $3.78M
NOI $226,784 @ 7.0% cap · market cap 7.69%
Second Best
Retail
$1.39M
$1.21M – $1.62M
NOI $97,035 @ 7.0% cap · market cap 3.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,700 VPD
Traffic count
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 3%
Apparel 1%
BP
Shops & Services
19,632 visits/mo
0.2 miles
Sunoco
Shops & Services
14,684 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,994 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,668 visits/mo
0.1 miles
Valvoline Instant Oil Change
Shops & Services
2,204 visits/mo
0.0 miles
Demographics for 11553, NY
26,929
Population
7,365
Households
3.7
Avg Household Size
36
Median Age
22%
College-Educated
82%
High-School Grad
3.2 sq mi
ZIP Area
8,415
Density / Sq Mi
$105,994
Median Household Income
$41,564
Median Earnings
$2,122
Median Rent
$486,100
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?
Storefront property - Retail building with loading access, high ceilings, parking, and multiple-use zoning.
Where is this storefront property located?
The property is located at 926 Nassau Road Uniondale, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 4,900+ Sqft. freestanding corner building; 14,000+ Sqft. lot with 32 parking spaces; High 20' ceilings, loading dock, and roll‑up door
