Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    372-2382 Grand Ave Baldwin, NY 11510
    Back to Search
    Property profile & analytics

    372-2382 Grand Ave Baldwin, NY 11510

    View on Map
    • Retail properties & Spaces
    • 12,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 372-2382 Grand Ave

    Property size
    12,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional multi-tenant retail property, located at 372-2382 Grand Avenue in Baldwin, Nassau County, New York, offers a unique investment opportunity. The 12,000 square foot building presents eight available spaces, ideal for a variety of retail businesses or a combination of retail and residential uses. Each unit offers flexibility, with sizes ranging from a minimum of 975 square feet to a maximum contiguous space of 1,350 square feet. Currently, a significant portion of the building, totaling 8,175 square feet, is vacant, presenting a substantial opportunity for immediate occupancy and customization. The property's classification includes both retail store and apartment subtypes, suggesting versatile usage potential. Situated in the vibrant Baldwin, NY community, with a zip code of 11510, this location provides excellent visibility and accessibility. The property's address is conveniently located on Grand Avenue, offering high foot traffic and potential for strong customer engagement. This is an exceptional chance to secure a prime retail space in a thriving Nassau County market. The property's size and layout offer significant potential for both short-term and long-term growth. Serious inquiries are encouraged to explore the possibilities of this versatile and well-located commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.6006
    Latitude
    40.626

    Comparable in this City

    • Value Estimation by Request
      7,364 SF

      254-264 Merrick Rd

      Multifamily properties • 7,364 SF
      254-264 Merrick Rd, Baldwin, NY 11510
      View Details
    • Value Estimation
      $2,975,000
      13,064 SF

      2363 Grand Ave

      APARTMENT HOUSE (5+ UNITS) • 13,064 SF
      2363 Grand Ave, Baldwin, NY 11510-3102
      View Details
    • Value Estimation
      $1,095,000
      2,901 SF

      725 Baldwin Ave

      APARTMENT HOUSE (5+ UNITS) • 2,901 SF
      725 Baldwin Ave, North Baldwin, NY 11510-2719
      View Details
    • Value Estimation by Request
      1,134 SF

      1846 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,134 SF
      1846 Grand Ave, North Baldwin, NY 11510-2427
      View Details
    • Value Estimation
      $1,550,000
      2,243 SF

      773 Merrick Rd

      APARTMENT HOUSE (5+ UNITS) • 2,243 SF
      773 Merrick Rd, Baldwin, NY 11510-3524
      View Details
    • Value Estimation
      $1,375,000
      2,000 SF

      21 Edna Ct

      APARTMENT HOUSE (5+ UNITS) • 2,000 SF
      21 Edna Ct, Baldwin, NY 11510-3101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,700 SF

      Mixed-Use Building For Sale

      Two-story building with retail stores and apartments.
      2372 Grand Ave, Baldwin, NY 11510
      View Details
    • $799,000

      Retail Property with Upside Potential

      Retail property with 100% collectable rents and updated fire codes.
      1951-1953 Grand Ave, Baldwin, NY 11510
      View Details
    • $799,999

      Mixed-Use Property in Baldwin

      Mixed-use property with residential and retail income potential.
      2074 Grand Ave, Baldwin, NY 11510
      View Details
    • Contact for pricing
      15,410 SF

      Retail Property on Merrick Road

      Retail property available for sale in Baldwin, New York.
      980-998 Merrick Rd, Baldwin, NY 11510
      View Details
    • Contact for pricing
      9,636 SF

      Retail Property in North Baldwin

      Retail property available for sale in North Baldwin, NY.
      1886-1892 Grand Ave, North Baldwin, NY 11510
      View Details

    Similar Nearby for Lease

    • New
      $7,000 /Mo
      6,033 SF

      Auto Repair Facility For Lease

      Turnkey auto repair facility with parking in high-visibility location.
      1599 Grand Ave, North Baldwin, NY 11510
      View Details
    • Contact for pricing

      Retail Space Near Baldwin Station

      Retail space near train station and national retailers.
      619 Seaman Ave, Baldwin, NY 11510
      View Details
    • $20 SF/Yr

      Updated Retail Space on Grand

      Dual-building retail property on North Baldwin's primary commercial corridor.
      1621-1623 Grand Ave, Baldwin, NY 11510
      View Details
    • $2,600 /Mo

      Retail Space on Grand Avenue

      Retail space available for rent on Grand Avenue.
      2100-2106 Grand Ave, Baldwin, NY 11510
      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.
    372-2382 Grand Ave
    Baldwin, NY 11510
    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
    372-2382 Grand Ave, Baldwin, NY, 11510
    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!