Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2150 Merrick Rd Merrick, NY 11566
    Back to Search
    Property profile & analytics

    2150 Merrick Rd Merrick, NY 11566

    View on Map
    • Retail properties & Spaces
    • 2,412 SF
    • 0.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Citizens / Bank / Loan Service
    • Citizens ATM / Atm

    Property Details for 2150 Merrick Rd

    Year built
    2017
    Lot size
    0.31 lot acres
    Property size
    2,412 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a 2,412 square foot retail property located at 2150 Merrick Road in Merrick, New York, within a prime Nassau County business corridor. The property sits on a 0.31-acre lot and is currently 100% occupied by a national tenant boasting a BBB+ credit rating, ensuring a stable and secure income stream. The existing lease is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, significantly reducing landlord responsibilities. The lease features a long-term commitment extending through 2035, with options for an additional 20 years. Furthermore, the lease includes a built-in mechanism for secure growth, with annual rent increases tied to a 10% Consumer Price Index (CPI) block. This provides a hedge against inflation and ensures consistent rental income growth. The tenant demonstrates a strong commitment to the Northeast and Long Island markets, further solidifying the investment's stability and long-term potential. The building itself encompasses 2,490 square feet, entirely dedicated to retail space. This property offers a compelling investment opportunity for those seeking a low-maintenance, high-return asset with significant long-term growth potential. Contact us today for detailed financial information and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Merrick
    County
    Nassau County
    State
    New York
    Longitude
    -73.5445
    Latitude
    40.6586

    Comparable in this City

    • Value Estimation by Request
      2,870 SF

      2150 Merrick Rd

      Individual retail properties • 2,870 SF
      2150 Merrick Rd, Merrick, NY 11566
      View Details
    • Value Estimation by Request
      1.00 Acre

      2071 Merrick Rd

      Retail properties & Spaces • 1.00 Acre
      2071 Merrick Rd, Merrick, NY 11566
      View Details
    • Value Estimation by Request
      5,737 SF

      28-36 Merrick Ave

      Individual retail properties • 5,737 SF
      28-36 Merrick Ave, Bellmore, NY 11566
      View Details
    • Value Estimation
      $500,000
      1,258 SF

      1 Lansdowne Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,258 SF
      1 Lansdowne Ave, Merrick, NY 11566-3822
      View Details
    • Value Estimation by Request
      2,240 SF

      69-71 Merrick Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      69-71 Merrick Ave, Merrick, NY 11566
      View Details
    • Value Estimation
      $645,000
      2,380 SF

      1811 Merrick Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      1811 Merrick Ave, Merrick, NY 11566-2718
      View Details

    Similar Nearby for Sale

    • $729,000

      Merrick Mixed-Use Property For Sale

      Mixed-use property with retail tenant and vacant flex space.
      174 Merrick Rd, Merrick, NY 11566
      View Details
    • Contact for pricing
      22,865 SF

      Redevelopment Opportunity in High-Traffic Location

      1.5+ acre lot with redevelopment potential and existing building.
      4235 Merrick Rd, Merrick, NY 11566
      View Details
    • $2,625,000
      5,482 SF

      Renovated Commercial Building, North Merrick

      Updated commercial property in North Merrick with strong tenant mix.
      On Merrick Rd Merrick Ave, Merrick, NY 11566
      View Details

    Similar Nearby for Lease

    • $3,600 /Mo

      Commercial Space in Merrick, NY

      Partially completed food establishment for lease in Merrick, NY.
      2165 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing

      Merrick Avenue Commercial Space

      Commercial space available for lease on Merrick Avenue.
      28-36 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      960 SF

      Retail Space with Private Parking

      Retail space with on-site parking in high-traffic Nassau County.
      2019 Merrick Rd, Merrick, NY 11566
      View Details
    • $4,000 /Mo

      Prime Merrick Avenue Storefront

      Vacant 1,128 sq ft storefront in bustling commercial district.
      373 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      14,489 SF

      Retail Space in High-Income Area

      Street-front retail location near major retailers and transportation.
      117 Merrick Ave, Merrick, NY 11566
      View Details
    • Contact for pricing
      10,302 SF

      Retail Space in Merrick Commons

      Retail space with high visibility in an upscale neighborhood.
      1686 Merrick Rd, Merrick, NY 11566
      View Details
    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.
    2150 Merrick Rd
    Merrick, NY 11566
    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
    2150 Merrick Rd, Merrick, NY, 11566
    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!