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    1377 Jerusalem Ave Merrick, NY 11566
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    1377 Jerusalem Ave Merrick, NY 11566

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    • Commercial real estate
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Queen Bee Nail & Spa / Nail Salon

    Property Details for 1377 Jerusalem Ave

    Property type
    Commercial real estate

    Description

    This thriving nail salon, located at 1377 Jerusalem Avenue in Merrick, NY, presents a fantastic opportunity for an ambitious entrepreneur. Priced affordably at $88,000, this turnkey business boasts a loyal clientele and benefits from a high volume of foot traffic, ensuring a consistent stream of customers. The salon is immediately available for a new owner to take over, eliminating any lengthy transition periods. All necessary equipment and infrastructure are in place, allowing for a seamless transfer of ownership and immediate commencement of operations. This is an exceptional chance to acquire an established business with a proven track record of success in a desirable location. The sale includes the existing business operations, providing a ready-made platform for continued growth and profitability. No square footage is specified for the property itself, but the high foot traffic location speaks to its prime commercial viability. The property is situated on a lot of zero acres, indicating a compact and efficient business footprint. This presents a low-risk, high-reward investment opportunity in a bustling commercial area. Serious inquiries are encouraged to explore this exceptional business acquisition prospect. The business is ready for immediate takeover, offering a swift and efficient transition for the new owner. This is a rare chance to step into a profitable and established enterprise with minimal setup time.

    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
    -73.5689
    Latitude
    40.6939

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      150 Hewlett Ave

      COMMERCIAL (GENERAL) • 1,400 SF
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    • Value Estimation by Request
      2,050 SF

      61 Sunrise Hwy

      COMMERCIAL (GENERAL) • 2,050 SF
      61 Sunrise Hwy, Merrick, NY 11566-3813
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    • Value Estimation by Request
      792 SF

      1500 Jerusalem Ave

      COMMERCIAL (GENERAL) • 792 SF
      1500 Jerusalem Ave, Merrick, NY 11566-1306
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    • Value Estimation by Request
      1,008 SF

      1835 Merrick Ave

      COMMERCIAL (GENERAL) • 1,008 SF
      1835 Merrick Ave, Merrick, NY 11566-2736
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    • Value Estimation by Request
      1,354 SF

      1094 Merrick Ave

      COMMERCIAL (GENERAL) • 1,354 SF
      1094 Merrick Ave, Merrick, NY 11566-1041
      View Details
    • Value Estimation by Request
      1,024 SF

      124 Merrick Ave

      COMMERCIAL (GENERAL) • 1,024 SF
      124 Merrick Ave, Merrick, NY 11566-3434
      View Details

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      Renovated Office Space, Merrick

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      Prime Merrick Avenue Storefront

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    1377 Jerusalem Ave
    Merrick, NY 11566
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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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