Property profile

3041 Jericho Tpke East Northport, NY 11731

OFF-MARKET
Other investment properties
Property ID
US63-2141018
0.25 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail building configured for a single-tenant, net-leased use, historically operated by 7-Eleven with a corporate-backed arrangement. It is located on a hard signalized corner along Jericho Turnpike and Verleye Avenue in East Northport, Long Island, with access off Jericho Turnpike (a primary thoroughfare) and Verleye Avenue. The site is positioned within a retail corridor featuring a mix of major national retailers in the surrounding area, and it has an estimated traffic volume of over 36,500 vehicles per day. The building contains 2,624 square feet and is situated within a 5-mile radius of a population exceeding 200,000.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 0.25 ac (10,890 SF)
Zoning code C6
APN 0400-217.00-02.00-084.000
UPID US63-2141018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Bank Credit Union
  • Bank Loan Service
  • Postal Service Courier Service

Location

3041 Jericho Tpke East Northport, NY 11731-6215
East Northport metro Census 111801 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.55M

Owner & transaction history

since 2021
Last sale
$4.3M
1 recorded transaction
2021
Price N/A

Zoning & alternative use

C6 · East Northport, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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