Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4236 Merrick Rd Massapequa, NY 11758-6016

    • Investment properties
    • 2,603 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2021
    $935,000
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    3.7%
    Investment properties
    Location Intelligence
    Property ID
    US63-2344398
    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

    • Senator John Brooks / State Government Office
    • Acme Pharmacy / Pharmacy

    Property Details for 4236 Merrick Rd

    Year built
    1966
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    2,603 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    65-038-00-1359
    APU
    65038001359

    Description

    This exceptional single-tenant office space, located at 4236 Merrick Road in Massapequa, New York, presents a fantastic opportunity for businesses seeking a well-situated and functional workspace. The property, situated in Nassau County (zip code 11758), offers a total of 4,650 square feet, with 1,600 square feet currently available for lease. The building is classified as both retail and office space, making it suitable for a variety of businesses. The property's traditional office subtype ensures a professional and established environment. Its convenient location on Merrick Road provides excellent visibility and accessibility. The single-tenant occupancy offers privacy and control over the space. This is an ideal opportunity for a business looking to establish or expand its presence in the thriving Massapequa market. The available 1,600 square feet provides ample room for various office configurations, allowing for customization to meet specific business needs. The property's location in Nassau County, New York, offers access to a strong workforce and a vibrant local economy. Interested parties are encouraged to inquire further to explore the possibilities of this prime commercial real estate opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $980,000
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,159,000
      Market price range: $465k - $1.16M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $815,000
      Current use
      WAREHOUSE, STORAGE
      $1,310,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa
    County
    Nassau
    State
    New York
    Longitude
    -73.477
    Latitude
    40.6665
    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
    $63,539
    $2,109
    $7,511
    $9,620
    -
    $0.00
    $0.00
    $962,000

    Comparable in this City

    • Value Estimation by Request
      1,014 SF

      5720 Sunrise Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,014 SF
      5720 Sunrise Hwy, Massapequa, NY 11758
      View Details
    • Value Estimation
      $1,255,000
      1,527 SF

      2 Central Ave, Unit 6

      OFFICE/RESIDENTIAL (MIXED USE) • 1,527 SF
      2 Central Ave, Massapequa, NY 11758-4953
      View Details
    • Value Estimation
      $595,000
      3,078 SF

      4222-4226 Merrick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,078 SF
      4222-4226 Merrick Rd, Massapequa, NY 11758
      View Details
    • Value Estimation
      $1,000,000
      5,140 SF

      513 Central Ave, Unit 519

      OFFICE/RESIDENTIAL (MIXED USE) • 5,140 SF
      513 Central Ave, Massapequa, NY 11758-4900
      View Details
    • Value Estimation by Request
      1,206 SF

      95 Unqua Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,206 SF
      95 Unqua Rd, Massapequa, NY 11758-6778
      View Details
    • Value Estimation
      $1,085,000
      7,965 SF

      1095 Broadwaya-1101

      OFFICE/RESIDENTIAL (MIXED USE) • 7,965 SF
      1095 Broadwaya-1101, Massapequa, NY 11758-1702
      View Details

    Similar Nearby for Sale

    • $3,200,000
      5,304 SF

      Massapequa Retail Investment Opportunity

      Prime commercial property with stable tenant and luxury renovation.
      45 Carmans Rd, Massapequa, NY 11758
      View Details
    • $549,500

      Massapequa Commercial Office Space

      High-Visibility Office, Ample Parking
      5514 Merrick Rd, Massapequa, NY 11758
      View Details
    • Contact for pricing

      4235 Merrick Road, Massapequa

      Land
      4235 Merrick Rd, Massapequa, NY 11758
      View Details
    • $8,250,000
      12,800 SF

      Retail Property on Merrick Road

      Retail property available for sale on Merrick Road.
      4125 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,943,000
      3,599 SF

      Massapequa Retail Investment Opportunity

      High-traffic retail strip, strong income.
      4342 Merrick Rd, Massapequa, NY 11758
      View Details
    • $125,000
      2,176 SF

      Established Spa Business Opportunity

      Profitable beauty spa in high-traffic location with loyal clientele.
      28 Broadway Ave, Massapequa Park, NY 11758
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,150 SF

      Massapequa Retail Space For Rent

      Prime retail space in Massapequa strip mall, excellent visibility.
      185a Jerusalem Ave, Massapequa, NY 11758
      View Details
    • Contact for pricing
      876 SF

      Southgate Shopping Center Retail Space

      Retail and office spaces available within a busy shopping center.
      4900 Merrick Rd, Massapequa, NY 11758
      View Details
    • Contact for pricing
      4,600 SF

      Fully Built-Out Office Space

      Office space with full HVAC, generator, and usable basement.
      524 Hicksville Rd, Massapequa, NY 11758
      View Details
    • Contact for pricing
      14,000 SF

      Retail Space on Sunrise Highway

      Retail space available in Massapequa shopping center.
      5500 Sunrise Hwy, Massapequa, NY 11758
      View Details
    • Contact for pricing
      195,485 SF

      Carman's Plaza: Executive Office Suites

      Prime Massapequa Office Space Available
      941 Carmans Rd, Massapequa, NY 11758
      View Details
    • $463 /Mo
      1,150 SF

      Massapequa Retail Space For Lease

      Prime Massapequa location, 1150 sq ft retail space.
      185 Jerusalem Ave, North Massapequa, NY 11758
      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.
    4236 Merrick Rd
    Massapequa, NY 11758-6016
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.