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    1536 Northern Blvd Manhasset, NY 11030
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    1536 Northern Blvd Manhasset, NY 11030

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GENROSE Stone + Tile | Manhasset NY / Hardware & Home Improvement / Carpet & Flooring Store
    • Country Ceramic Tile & Kitchen / General Contractor
    • House of Quarry / Production Facility / Building Supply

    Property Details for 1536 Northern Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Showrooms

    Description

    This exceptional 1,500-square-foot retail space presents a prime opportunity in the thriving Manhasset market. Located at 1536 Northern Boulevard, this single-tenant property boasts a Class A designation and is situated on a heavily trafficked thoroughfare, ensuring high visibility and foot traffic. The property is classified as both retail and showroom space, offering versatility for a wide range of businesses. The space is currently undergoing improvements, with brand new HVAC systems being installed to ensure optimal climate control for tenants and customers. A significant advantage is the inclusion of a sizable basement area, providing ample storage or additional functional space. This location in Manhasset, NY (zip code 11030) offers easy access to major transportation routes and a strong customer base. The property's prime location and modern amenities make it an ideal choice for businesses seeking a high-impact presence in a desirable area. This is a rare opportunity to secure a well-appointed retail space in a highly sought-after location. Contact us today to learn more about this exceptional property and 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
    Manhasset
    County
    Nassau
    State
    New York
    Longitude
    -73.6898
    Latitude
    40.7935

    Comparable in this City

    • Value Estimation
      $2,885,000
      4,127 SF

      2101 Northern Blvd, Unit 2103

      DEPARTMENT STORE • 4,127 SF
      2101 Northern Blvd, Manhasset, NY 11030-3528
      View Details
    • Value Estimation by Request
      180,948 SF

      Northern Blvd. & Shelter Rock Rd

      Office properties & Spaces • 180,948 SF
      0 Northern Blvd. & Shelter Rock Rd, Manhasset, NY 11030
      View Details
    • Value Estimation
      $1,005,000
      615 SF

      25 Orch St

      NURSERY, GREENHOUSE, FLORIST • 615 SF
      25 Orch St, Manhasset, NY 11030-1928
      View Details
    • Value Estimation
      $15,730,000
      52,745 SF

      1440 Northern Blvd

      DEPARTMENT STORE • 52,745 SF
      1440 Northern Blvd, Manhasset, NY 11030-3006
      View Details
    • Value Estimation
      $8,680,000
      12,424 SF

      1100 Northern Blvd

      DEPARTMENT STORE • 12,424 SF
      1100 Northern Blvd, Manhasset, NY 11030-3024
      View Details
    • Value Estimation by Request
      1,300 SF

      564-600 Plandome Rd

      Restaurants • 1,300 SF
      564-600 Plandome Rd, Manhasset, NY 11030
      View Details

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      Manhasset Office Space Available

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      Manhasset Commercial Property For Sale

      Commercial property in prime Manhasset business section, close to train.
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    Similar Nearby for Lease

    • Contact for pricing
      180,948 SF

      Manhasset Executive Office Suites

      Prime Manhasset Office Space Available
      0 Northern Blvd. & Shelter Rock Rd, Manhasset, NY 11030
      View Details
    • Contact for pricing
      1,226 SF

      Restaurant Space Near LIRR Station

      Restaurant-permitted space with parking near Manhasset LIRR station.
      433 Plandome Rd, Manhasset, NY 11030
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    • Contact for pricing
      4,500 SF

      Manhasset Retail/Office Space Available

      Prime location with high visibility and flexible space options.
      1180 Northern Blvd, Manhasset, NY 11030
      View Details
    • Contact for pricing
      1,722 SF

      Manhasset Retail Space For Rent

      Retail opportunity on Miracle Mile with dedicated parking.
      1516-1524 Northern Blvd, Manhasset, NY 11030
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Manhasset, NY

      Retail space with parking and high-income neighborhood in Manhasset.
      550-600 Plandome Rd, Manhasset, NY 11030
      View Details
    • Contact for pricing

      Retail Space in Manhasset

      Single tenant retail space available for rent in Manhasset.
      71-73 East Shore Rd, Manhasset, NY 11030
      View Details
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    Manhasset, NY 11030
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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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