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    Jericho Shopping & Office Plz Jericho, NY 11753
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    Jericho Shopping & Office Plz, Jericho, NY 11753

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    • Retail properties & Spaces
    • 6,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Jericho Shopping & Office Plz

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Jericho, NY commercial property, Jericho Shopping & Office Plaza, offers 6,000 square feet of prime retail and office space, currently entirely vacant and ready for immediate occupancy. The building is situated in Nassau County and boasts a flexible layout, accommodating multiple tenants. Individual suites range from a minimum of 1,225 square feet to a maximum contiguous space of 4,775 square feet, providing options for businesses of various sizes. The property's "Traditional Office" subtype ensures a professional and functional environment, ideal for a wide range of commercial enterprises. Its location in Jericho, NY, offers excellent accessibility and visibility, making it an attractive proposition for businesses seeking a strategic presence in a thriving market. The address is Jericho Shopping & Office Plaza, Jericho, NY 11753. This presents a unique opportunity to establish or expand your business in a well-maintained building with ample space to suit your specific needs. The entire 6,000 square feet is available for lease, allowing for a single large tenant or the possibility of dividing the space to accommodate multiple occupants. This versatile property is perfectly positioned to meet the demands of today's dynamic business landscape. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jericho
    County
    Nassau
    State
    New York
    Longitude
    -73.5417
    Latitude
    40.7853

    Comparable in this City

    • Value Estimation by Request

      318 Broadway

      Office Spaces
      318 Broadway, Jericho, NY 11753
      View Details
    • Value Estimation by Request
      238 SF

      141 Old Cedar Swamp Rd

      NURSERY, GREENHOUSE, FLORIST
      141 Old Cedar Swamp Rd, Jericho, NY 11753-1221
      View Details
    • Value Estimation by Request
      130,296 SF

      Broadway & Market St

      Lifestyle centers
      0 Broadway & Market St, Jericho, NY 11753
      View Details
    • Value Estimation
      $20,270,000
      95,935 SF

      28 Jericho Tpke

      DEPARTMENT STORE
      28 Jericho Tpke, Jericho, NY 11753-1004
      View Details
    • Value Estimation by Request
      22,053 SF

      84 Jericho Tpke

      Lifestyle centers
      84 Jericho Tpke, Jericho, NY 11753
      View Details
    • Value Estimation by Request
      1,845 SF

      50 Jericho Tpke

      OFFICE BUILDING
      50 Jericho Tpke, Jericho, NY 11753-1014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 333 Jericho Turnpike.
      333 Jericho Tpke, Jericho, NY 11753
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Jericho, New York.
      366 North Broadway, Jericho, NY 11753
      View Details
    • Contact for pricing
      3,800 SF

      Restaurant/Retail Space with Parking

      Restaurant/retail space featuring parking, dining rooms, and bar lounge.
      399 Jericho Tpke, Jericho, NY 11753
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 400 Jericho Turnpike, Jericho, NY.
      400 Jericho Tpke, Jericho, NY 11753
      View Details
    • Contact for pricing
      103,544 SF

      Office Building with Open Layout

      Headquarters-type building featuring an open layout and abundant parking.
      200 Jericho Quadrangle, Jericho, NY 11753
      View Details
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    Jericho, NY 11753
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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.

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