Property profile

55 Veterans Memorial Hwy Commack, NY 11725

FOR SALE
Commercial real estate
Property ID
US63-1172749
0.76 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, triple-net leased mixed-use property located at 55 Veterans Memorial Highway in Commack, New York. Priced at $3,950,000, this property offers significant potential for passive income generation. The building boasts ample parking, ensuring convenient access for tenants and patrons. Currently operating under a triple-net lease structure, the property benefits from a 100% occupancy rate, minimizing vacancy risks and maximizing rental income. Detailed financial information, including a property profile, lease abstract, and rent schedule, is available upon request. This offering represents a compelling investment opportunity, particularly attractive to those seeking a stable, high-occupancy commercial property. Note that this is one of three similar properties available for sale

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.76 ac (33,106 SF)
APN 0800-116.00-01.00-007.000
UPID US63-1172749

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
  • Physician Medical Clinic
  • Physician
  • Marriage Or Relationship Counselor
  • Physician
  • Physician

Location

55 Veterans Memorial Hwy Commack, NY 11725
Commack metro Census 135205 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
$2.61M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.58M

Owner & transaction history

since 2022
Last sale
$2.3M
3 recorded transactions
2022
$2.3M
2003
$795,000
1969
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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