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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8205 Jericho Tpke Woodbury, NY 11797

    • Retail properties
    • 2,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Historical Chapel / Wedding Service / Church
    • Iglesia Pentecostal Unida Despertar / Church
    • Temple Shalom, Inc. / Church / Mosque
    • The Assembly of the Saints in Christ / Church
    • New Age Marketing Group / Advertising Agency / Marketing & Advertising

    Property Details for 8205 Jericho Tpke

    Property size
    2,200 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional 2,200 square foot freestanding storefront is available for sale at $1,400,000 ($636.36/sq ft). Located at 8205 Jericho Turnpike in Woodbury, Nassau County, New York (zip code 11797), this vacant property presents a unique opportunity for retail businesses seeking high visibility and accessibility. The building boasts excellent retail exposure on Jericho Turnpike, a major thoroughfare known for its high traffic volume. Its strategic location offers easy access to all major parkways, ensuring convenient access for customers and employees alike. The property is a single-unit building, ideal for a variety of retail uses. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for property taxes, insurance, and maintenance. This turnkey opportunity allows for immediate occupancy and the potential to establish a thriving business in a prime commercial location. The property is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. Don't miss this chance to own a highly visible and strategically located retail space in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Nassau
    State
    New York
    Longitude
    -73.4692
    Latitude
    40.8161

    Comparable in this City

    • Value Estimation
      $2,605,000
      3,945 SF

      150 Woodbury Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,945 SF
      150 Woodbury Rd, Woodbury, NY 11797-1412
      View Details
    • Value Estimation
      $795,000
      2,577 SF

      7975 Jericho Tpke

      RETAIL STORES (PERSONAL SERVICES) • 2,577 SF
      7975 Jericho Tpke, Woodbury, NY 11797-1210
      View Details
    • Value Estimation by Request
      85,722 SF

      Jericho Tpke. & Woodbury Rd

      Office Properties & Spaces • 85,722 SF
      0 Jericho Tpke. & Woodbury Rd, Woodbury, NY 11797
      View Details
    • Value Estimation
      $1,540,000
      6,090 SF

      7600 Jericho Tpke

      FINANCIAL BUILDING • 6,090 SF
      7600 Jericho Tpke, Woodbury, NY 11797-1728
      View Details
    • Value Estimation
      $645,000
      4,086 SF

      8225 Jericho Tpke

      FINANCIAL BUILDING • 4,086 SF
      8225 Jericho Tpke, Woodbury, NY 11797-1802
      View Details
    • Value Estimation by Request
      11,569 SF

      7550 Jericho Tpke

      GYM, HEALTH SPA • 11,569 SF
      7550 Jericho Tpke, Woodbury, NY 11797-1711
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      2,085 SF

      New Retail Space Available

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      Retail space available in the well-known Woodbury Common.
      8285 Jericho Tpke, Woodbury, NY 11797
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      Retail space available in a well-known shopping center.
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      8027 Jericho Tpke, Woodbury, NY 11797
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    • $22 SF/Yr
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      Woodbury Office Space For Rent

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    8205 Jericho Tpke
    Woodbury, NY 11797
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    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
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