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

    998-1054 Old Country Road, Plainview, NY 11803

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in Plainview, New York.

    Type:Retail, Restaurant
    Property size:
    10,000 SF
    Added:
    Mar 26, 2026
    Days on Market:
    57
    Last Refresh:
    May 12 at 9:16 pm

    Property Features for 998-1054 Old Country Road

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 998-1054 Old Country Road Contact us

    We can help!

    Listing Contact
    Jason Sobel

    Listing agent Jason Sobel License #10401286654

    Listing office RIPCO Real Estate

    Listing date Mar 26, 2026

    Source Crexi

    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 RIPCO Real Estate

    HighLights

    • Retail for Lease
    • Spaces available up to 10,000 SF and 1,403 SF.
    • Divisible space.
    • Surrounded by top national and local tenants.
    • Strong daily traffic.
    • New concepts like My Gym, Duck Donuts, and Jersey Mike’s coming soon.

    Overview

    Retail spaces are available for lease, with one space offering 10,000 square feet that can be divided, and another space offering 1,403 square feet. The property is surrounded by national and local tenants and will soon feature new concepts such as My Gym, Duck Donuts, and Jersey Mike’s. The location benefits from strong daily traffic.
    Location Intelligence

    Current Use by Public Records

    Morton Village Plaza Shopping Center & Mall

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Nassau
    State
    New York
    Longitude
    -73.47414
    Latitude
    40.775721

    Nearby Similar for Lease

    • $23 SF/Yr
      22,100 SF

      Long Island Warehouse and Office

      Warehouse and office space for rent in Long Island.
      1 Fairchild Ct, Plainview, NY
      View Details
    • $32 SF/Yr
      1,607 SF

      Plainview Office Space Available

      Office space for rent with convenient highway access and parking.
      255 Executive Dr, Plainview, NY
      View Details
    • Contact for pricing

      2.73 Acres Truck Parking Available

      2.73 acres for truck, car, van, parkway parking.
      35 South Service Road, Plainview, NY, 11803
      View Details
    • Contact for pricing
      6,000 SF

      Medical Office Space Available

      6,000 SF medical office space for rent.
      1074 Old Country Rd, Plainview, NY
      View Details
    • Contact for pricing
      30,000 SF

      Plainview Office Space Available

      30000 sqft office space for rent in Plainview, NY.
      303 Sunnyside Boulevard, Plainview, NY, 11803
      View Details
    • Contact for pricing
      22,075 SF

      Plainview Retail Space Available

      Retail property available for lease in Plainview, New York.
      219 South Service Road, Plainview, NY, 11803
      View Details
    • Contact for pricing
      20,040 SF

      Renovated Flex Space Available

      20,040 SF renovated building with customizable interiors.
      210 Express St, Plainview, NY 11803
      View Details
    • Contact for pricing
      765 SF

      Retail Spaces in Plainview Center

      Retail and restaurant spaces available in Plainview shopping center.
      589-613 Old Country Rd, Plainview, NY
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space Near ShopRite Available

      Retail space available near ShopRite, Petco, and other retailers.
      375 S Oyster Bay Rd, Plainview, NY
      View Details
    • Contact for pricing
      10,500 SF

      Plainview Warehouse Space Available

      10,500 SF warehouse with office space for lease.
      151 Dupont St, Plainview, NY
      View Details
    • Contact for pricing
      1,112 SF

      Retail Space in Manetto Hill

      Retail space available in Plainview's Manetto Hill Plaza.
      52-80 Manetto Hill Mall, Plainview, NY
      View Details
    • Contact for pricing
      68,910 SF

      Plainview Office Building For Rent

      Office building in Plainview, NY, featuring customized tenant spaces.
      45 Executive Dr, Plainview, NY
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available in Plainview, New York.
    Where is this retail space located?
    The property is located at 998-1054 Old Country Road Plainview, NY.
    What are key features of this property?
    This property features: Retail for Lease; Spaces available up to 10,000 SF and 1,403 SF.; Divisible space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Sobel
    Real Estate License ID: 10401286654
    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
    998-1054 Old Country Road, Plainview, NY 11803
    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!