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    Property profile & analytics

    2170 Jericho Tpke Commack, NY 11725

    • Investment properties
    • 0.58 lot acres
    For Lease
    View listing
    Last Sale
    Sep 09, 2024
    $2,450,000
    Value Estimations
    $2,450,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0585158
    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

    • Investment properties

    Property Details for 2170 Jericho Tpke

    Lot size
    0.58 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    0800-116.00-01.00-001.001
    APU
    800116000100001001

    Description

    This exceptional 3,100 square foot retail space, located at 2170 Jericho Turnpike in Commack, New York, presents a fantastic opportunity for a single-tenant business. Situated in Suffolk County, this property boasts a generous 25,264 square foot lot and ample parking with 43 spaces, ensuring convenient access for customers and employees. The entire building is currently vacant, offering a blank canvas for a new tenant to customize the space to their exact specifications. The property is classified as both Restaurant and Commercial, making it suitable for a wide range of businesses. Its prime location on Jericho Turnpike in Commack provides excellent visibility and accessibility, placing it within a thriving commercial area. The property's size and parking capacity make it ideal for businesses requiring significant space and convenient customer parking. This is a rare opportunity to secure a substantial retail space in a desirable location with high traffic volume. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The zip code is 11725.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,450,000
      ML approach
      $2,450,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Commack
    County
    Suffolk
    State
    New York
    Longitude
    -73.2845
    Latitude
    40.8427
    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
    2020
    $0.00
    $3,625
    $9,085
    $12,710
    -
    $416,667
    $1,044,253
    $1,460,920

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      285 Commack Rd Ste, Unit 4

      STORE/OFFICE (MIXED USE) • 1.30 Acres
      285 Commack Rd Ste, Commack, NY 11725-3403
      View Details
    • Value Estimation by Request
      1.60 Acres

      258 Commack Rd

      STORE/OFFICE (MIXED USE) • 1.60 Acres
      258 Commack Rd, Commack, NY 11725-3445
      View Details
    • Value Estimation by Request
      0.25 Acres

      95 Commack Rd

      STORE/OFFICE (MIXED USE) • 0.25 Acres
      95 Commack Rd, Commack, NY 11725-3450
      View Details
    • Value Estimation by Request
      0.44 Acres

      57 Commack Rd, Unit 65

      STORE/OFFICE (MIXED USE) • 0.44 Acres
      57 Commack Rd, Commack, NY 11725-3446
      View Details
    • Value Estimation by Request
      1.50 Acres

      6001-6005 Jericho Tpke

      STORE/OFFICE (MIXED USE) • 1.50 Acres
      6001-6005 Jericho Tpke, Commack, NY 11725
      View Details
    • Value Estimation
      $1,800,000
      0.54 Acres

      6059 Jericho Tpke, Unit 6067

      STORE/OFFICE (MIXED USE) • 0.54 Acres
      6059 Jericho Tpke, Commack, NY 11725-2807
      View Details

    Similar Nearby for Sale

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      Commack Retail and Warehouse Space

      Retail and warehouse space with multiple entry points.
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    Similar Nearby for Lease

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      8,135 SF

      Retail Space on Jericho Turnpike

      High-visibility retail space in Suffolk County with significant traffic.
      6500-6572 Jericho Tpke, Commack, NY 11725
      View Details
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      Commack Office Space Available

      3,361 square feet of office space for lease.
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    • $23 SF/Yr

      Commack Medical/Professional Office Suites

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      16,147 SF

      Jericho Turnpike Retail Space

      Large Commack Retail Building - For Lease
      5025 Jericho Tpke, Commack, NY 11725
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on Jericho Turnpike

      Retail space in affluent Long Island trade area for lease.
      5880-6050 Jericho Tpke, Commack, NY 11725
      View Details
    • Contact for pricing
      2,751 SF

      Commack Retail/Restaurant Space Available

      Retail or restaurant space with ample parking and grease trap.
      6230 Jericho Tpke, Commack, NY 11725
      View Details
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    Commack, NY 11725
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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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