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    4342 Merrick Rd Massapequa, NY 11758
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    4342 Merrick Rd, Massapequa, NY 11758

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    • Investment properties
    • 1,770 SF
    • 0.18 lot acres
    For Sale
    $1,599,900
    View Listing →
    Massapequa Retail Investment Opportunity For Sale
    $1,599,900
    3,599 SF

    Massapequa Retail Investment Opportunity

    Retail property in high-traffic Massapequa location with income potential.

    4342 Merrick Rd, Massapequa, NY 11758
    View Listing
    Property ID
    US63-2775487
    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.
    Value Estimations
    Cap Rate Potential
    2.4%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Levelupcuts / Barber Shop
    • Pierce the Barber / Barber Shop
    • M&H FOOT RELAXATION / Gym & Fitness Center

    Property Details for 4342 Merrick Rd

    Year built
    1976
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    65-188-00-0211
    APU
    65188000211

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 3, 2025 — Pamm Singh LLC — Deed · related $350k · Jrjb LLC
    Aug 11, 2022 $1,075,000 Pamm Singh LLC Porta Properties IV LLC Deed —
    Jun 6, 2012 $575,000 Portia Properties IV LLC 267 Kingston Realty Corp Grant Deed —
    Aug 12, 1997 $400,000 Nicholas Adesso Hirsch,gertrude P Grant Deed $380k · Individual

    Description

    This exceptional investment opportunity presents a thriving three-store retail property ideally situated on Merrick Road in the heart of Massapequa, NY. The property boasts a total of 3,599 square feet situated on a 0.18-acre lot, providing ample space for its current tenants and potential for future expansion or redevelopment. The building is currently occupied by a restaurant, a convenience store, and a barber shop, generating a substantial monthly income stream. The restaurant contributes $5,950, the convenience store $2,100, and the barber shop $3,288, totaling a significant monthly revenue. The property features eight convenient on-site parking spaces, ensuring easy access for customers and employees. This prime location on a busy, high-traffic thoroughfare guarantees excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. The motivated seller presents a unique chance to acquire a stable, income-producing asset in a desirable and densely populated area. This property is an excellent addition to any investor's portfolio, offering both immediate returns and significant long-term potential. The strong tenant occupancy and consistent rental income make this a low-risk, high-reward investment opportunity. Don't miss this chance to secure a piece of Massapequa's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $788,000
      Market price range: $316k - $788k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,555,000
      AUTO REPAIR, GARAGE
      $1,165,000
      OFFICE BUILDING
      $1,130,000
      WAREHOUSE, STORAGE
      $890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa
    County
    Nassau
    State
    New York
    Longitude
    -73.4735
    Latitude
    40.6664
    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
    $40,520
    $2,402
    $3,525
    $5,927
    -
    $0.00
    $0.00
    $592,700

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      Merrick Ave

      STORE/OFFICE (MIXED USE)
      Merrick Ave, Massapequa, NY 11758
      View Details
    • Value Estimation by Request
      0.01 Acres

      526 Broadway

      STORE/OFFICE (MIXED USE)
      526 Broadway, Massapequa, NY 11758-5004
      View Details
    • Value Estimation
      $785,000
      3,750 SF

      517 Broadway

      STORE/OFFICE (MIXED USE)
      517 Broadway, Massapequa, NY 11758-5005
      View Details
    • Value Estimation
      $1,930,000
      14,011 SF

      17 Broadway, Unit 37

      STORE/OFFICE (MIXED USE)
      17 Broadway, Massapequa, NY 11758-5003
      View Details
    • Value Estimation
      $720,000
      5,445 SF

      596 Broadway, Unit 616

      STORE/OFFICE (MIXED USE)
      596 Broadway, Massapequa, NY 11758-5024
      View Details
    • Value Estimation by Request
      2,350 SF

      810 Broadway, Unit 818

      STORE/OFFICE (MIXED USE)
      810 Broadway, Massapequa, NY 11758-2335
      View Details

    Similar Nearby for Sale

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      Massapequa Retail Stores For Sale

      Three retail stores in high-traffic Massapequa location.
      4342-4348 Merrick Rd, Massapequa, NY 11758
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    • $1,599,900

      Commercial Land on Merrick Road

      Commercial land available on Merrick Road in Massapequa, NY.
      4342-4348 Merrick Rd, Massapequa, NY 11758
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      12,800 SF

      Retail Property on Merrick Road

      Retail property available for sale on Merrick Road.
      4125 Merrick Rd, Massapequa, NY 11758
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      Massapequa Retail/Medical Redevelopment Opportunity

      23,000 SF building on 1.5 acres for sale.
      4235 Merrick Rd, Massapequa, NY 11758
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      Massapequa Land Ready for Development

      Vacant land parcel in Massapequa, excellent development potential.
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    Similar Nearby for Lease

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      3,974 SF

      Massapequa Corner Retail Property

      Prime retail space in Massapequa with high traffic volume.
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      Retail Space in Prime Location

      1500 sqft retail space for rent in Massapequa, NY.
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    • $3,500 /Mo
      11,652 SF

      Massapequa Storefront For Rent

      Large storefront in prime Massapequa location, available now.
      832 N Broadway, Massapequa, NY 11758
      View Details
    View Listing
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    Massapequa, NY 11758
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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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