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    460 Jericho Tpke Dix Hills, NY 11746
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    460 Jericho Tpke Dix Hills, NY 11746

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    • Retail properties & Spaces
    • 6,200 SF
    • 0.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 460 Jericho Tpke

    Lot size
    0.25 lot acres
    Property size
    6,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dix Hills
    County
    Suffolk
    State
    New York
    Longitude
    -73.3591
    Latitude
    40.8127

    Comparable in this City

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      4,762 SF

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      Retail properties & Spaces • 4,762 SF
      153-169 Walt Whitman Rd, Huntington Station, NY 11746
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    • Value Estimation by Request
      11,000 SF

      283 Jericho Tpke

      Retail properties & Spaces • 11,000 SF
      283 Jericho Tpke, Huntington Station, NY 11746
      View Details
    • Value Estimation by Request
      2.00 Acres

      460 Jericho Tpke Huntington Sta

      Land • 2.00 Acres
      460 Jericho Tpke Huntington Sta, Dix Hills, NY 11746
      View Details
    • Value Estimation by Request
      0.12 Acres

      1986 New York Ave

      Land • 0.12 Acres
      1986 New York Ave, Huntington Station, NY 11746
      View Details
    • Value Estimation by Request

      1986 New York Ave

      Land
      1986 New York Ave, Huntington Station, NY 11746
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,400 SF

      Huntington Station Retail Investment Gem

      Retail shops on Jericho Turnpike with mixed-use potential.
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    • $5,300,000
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      Jericho Turnpike Mixed-Use Building

      19,000 SF building on Jericho Turnpike, Huntington.
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    • $1,699,000
      2,600 SF

      Restaurant Building with Private Parking

      Restaurant property with frontage, private parking, and owner financing.
      1711 New York Ave, Huntington Station, NY 11746
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Huntington Station, NY.
      153-169 Walt Whitman Rd, Huntington Station, NY 11746
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    • Contact for pricing

      Retail Center in Huntington, NY

      Retail center with diverse tenants and ample parking.
      1840 New York Ave, Huntington Station, NY 11746
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      Auto Repair Shop For Rent

      Auto repair shop for rent in high-traffic location.
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      10,000 SF

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      Retail space in a neighborhood strip center for lease.
      1800 New York Ave, Huntington Station, NY 11746
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    • $15,000 /Mo
      10,454 SF

      Versatile Huntington Station Commercial Space

      7000 sq ft office/retail/showroom space with gated lot.
      211 Depot Rd, Huntington Station, NY 11746
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    • Contact for pricing
      11,010 SF

      Retail Space in Turnpike Plaza

      Grocery-anchored retail space with excellent visibility on Route 25.
      717 E Jericho Tpke, Huntington Station, NY 11746
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    460 Jericho Tpke
    Dix Hills, NY 11746
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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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