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    425 Jerusalem Ave Uniondale, NY 11553
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    425 Jerusalem Ave Uniondale, NY 11553

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    • Lifestyle centers
    • 4,550 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J&D Good Taste / Restaurant

    Property Details for 425 Jerusalem Ave

    Year built
    1969
    Property size
    4,550 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a 4,550 square foot retail strip center located at 425 Jerusalem Ave, Uniondale, NY 11553, in Nassau County. The property, built in 1969, boasts five individual retail units currently operating at 100% occupancy under a net lease with a remaining term of 10 years. Generating a strong Net Operating Income (NOI) of $146,340 and an attractive 8.36% cap rate, this property offers a compelling return on investment. The asking price is $1,750,000, translating to $384.62 per square foot. The property features a substantial 100' x 110' parking lot. A significant advantage lies in the existing foundation, allowing for potential expansion by adding more stores or even a second floor. The property's prime Uniondale location ensures high visibility and accessibility. While currently configured as a five-unit retail center, the potential for expansion and increased revenue streams makes this a truly unique and lucrative investment opportunity. The seller may consider selling the building without the church (if applicable). Further development opportunities exist on the ample parking lot, potentially allowing for the construction of additional retail space or even residential units, significantly increasing rental income. This property is a rare find, combining immediate income with substantial future growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Uniondale
    County
    Nassau
    State
    New York
    Longitude
    -73.6017
    Latitude
    40.702

    Comparable in this City

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    • Value Estimation
      $665,000
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      959 Nassau Rd, Unit 979

      SHOPPING CENTER, STRIP CENTER • 19,711 SF
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    • Value Estimation
      $585,000
      2,503 SF

      604-606 Jerusalem Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,503 SF
      604-606 Jerusalem Ave, Uniondale, NY 11553
      View Details
    • Value Estimation
      $555,000
      1,484 SF

      940 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 1,484 SF
      940 Frnt St, Uniondale, NY 11553-1541
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    • Value Estimation
      $735,000
      3,150 SF

      420 Uniondale Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      420 Uniondale Ave, Uniondale, NY 11553-1909
      View Details
    • Value Estimation
      $845,000
      2,040 SF

      2 Stanton Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      2 Stanton Blvd, Uniondale, NY 11553-2723
      View Details

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    Uniondale, NY 11553
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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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