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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    200 Merrick Rd Rockville Centre, NY 11570

    • Retail space
    • 2,712 SF
    • 0.07 lot acres
    For Lease
    View listing
    Last Sale
    Oct 20, 2023
    $1,200,000
    Value Estimations
    $1,200,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0293725
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vintage Savvy Boutique / Clothing & Fashion Store

    Property Details for 200 Merrick Rd

    Year built
    1908
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    2,712 SF
    Property type
    Retail space
    APN
    38-316-00-0119
    APU
    38316000119

    Description

    This exceptional retail space, totaling 1,500 square feet, is ideally situated at 200 Merrick Road in the thriving Rockville Centre submarket of Nassau County, New York. The property is a single-tenant building, offering a unique opportunity for a business seeking a prominent location within a bustling commercial area. Its address in Rockville Centre, NY 11570, provides excellent visibility and accessibility for customers. The building's classification as retail ensures its suitability for a wide range of businesses. The property's location within Nassau County offers access to a substantial consumer base and benefits from the established infrastructure and amenities of the area. This single-tenant occupancy presents a streamlined and efficient operational environment for the prospective tenant. The 1,500 square feet provide ample space for a variety of retail configurations, allowing for flexibility in layout and design to suit specific business needs. This property represents a compelling investment opportunity for businesses seeking a high-visibility location in a dynamic and well-established commercial district. The precise latitude and longitude coordinates are 40.6565623 and -73.648578 respectively. Serious inquiries are encouraged to explore the potential of this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,285,000
      ML approach
      $1,115,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,403,000
      Market price range: $897k - $2.04M
      AI Estimate
      $855,000
      Market price range: $59.4k - $1.66M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,555,000
      Current use
      OFFICE BUILDING
      $1,915,000
      Change: +23% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,830,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,755,000
      Change: +13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockville Centre
    County
    Nassau
    State
    New York
    Longitude
    -73.6486
    Latitude
    40.6565
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,942
    $862
    $4,616
    $5,478
    -
    $0.00
    $0.00
    $547,800

    Comparable in this City

    • Value Estimation
      $590,000
      1,026 SF

      169 Maple Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,026 SF
      169 Maple Ave, Rockville Centre, NY 11570-4313
      View Details
    • Value Estimation
      $1,300,000
      2,258 SF

      235 Merrick Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,258 SF
      235 Merrick Rd, Rockville Centre, NY 11570-5286
      View Details
    • Value Estimation
      $4,460,000
      16,126 SF

      261 Merrick Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,126 SF
      261 Merrick Rd, Rockville Centre, NY 11570-5211
      View Details
    • Value Estimation
      $880,000
      1,350 SF

      600 Merrick Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      600 Merrick Rd, Rockville Centre, NY 11570-5469
      View Details
    • Value Estimation
      $2,165,000
      6,800 SF

      298 Merrick Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
      298 Merrick Rd, Rockville Centre, NY 11570-5324
      View Details
    • Value Estimation
      $770,000
      2,750 SF

      211 Merrick Rd, Unit 215

      RETAIL STORES (PERSONAL SERVICES) • 2,750 SF
      211 Merrick Rd, Rockville Centre, NY 11570-5767
      View Details

    Similar Nearby for Sale

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      Sunrise Highway Retail Opportunity

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      9,900 SF

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      Rockville Centre Auto Shop For Sale

      Auto shop with eight drive-in bays and excellent signage.
      152-156 S Long Beach Rd, Rockville Centre, NY 11570
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,320 SF

      Retail Space on Sunrise Highway

      Retail space with high visibility and abundant parking nearby.
      239-241 Sunrise Hwy, Rockville Centre, NY 11570
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    • $7,200 /Mo
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      Prime Rockville Centre Commercial Space

      High-traffic location ideal for restaurant or retail business.
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      Retail Space on Sunrise Highway

      Retail property with high visibility and abundant parking nearby.
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      3,000 SF

      Retail/Office Space in Rockville Centre

      3,000 SF retail/office space with full basement.
      200 Merrick Rd, Rockville Centre, NY 11570
      View Details
    • $3,500 /Mo

      Prime Retail Space in Rockville

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      View Details
    • Contact for pricing
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      Rockville Centre Medical Office Space

      Prime Medical Office Suites Available Now
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      View Details
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    200 Merrick Rd
    Rockville Centre, NY 11570
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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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