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    5500 Sunrise Hwy Massapequa, NY 11758
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    Property profile & analytics

    5500 Sunrise Hwy Massapequa, NY 11758

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    • Strip malls
    • 10,656 SF
    • 1.74 lot acres
    For Lease
    $5,365,000
    View Listing →
    Retail Space on Sunrise Highway For Lease
    $5,365,000
    14,000 SF

    Retail Space on Sunrise Highway

    Retail space available in Massapequa shopping center.

    5500 Sunrise Hwy, Massapequa, NY
    View Listing
    Property ID
    US63-1185268
    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
    Location Intelligence

    Current Use by Public Records

    • Discount LIquor / Specialty Food Shop / Wine and Liquor Store
    • Roy’s Shoe Repair / (Bike/Boat/Book/etc) Store
    • McDonald's / Restaurant / Take-out & Catering
    • DRD SLC Management / Consultant
    • Volpe Psychological Services, P.C. / Physician / Medical Clinic

    Property Details for 5500 Sunrise Hwy

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Property size
    10,656 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    53-00E-00-0429
    APU
    5300E000429

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa
    County
    Nassau
    State
    New York
    Longitude
    -73.4346
    Latitude
    40.6774
    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
    $173,641
    $17,798
    $4,274
    $22,072
    -
    $0.00
    $0.00
    $2,207,200

    Comparable in this City

    • Value Estimation
      $2,710,000
      6,254 SF

      1310 Hicksville Rd

      SHOPPING CENTER, STRIP CENTER • 6,254 SF
      1310 Hicksville Rd, Massapequa, NY 11758-1219
      View Details
    • Value Estimation
      $14,850,000
      34,108 SF

      802 Hicksville Rd, Unit 826

      SHOPPING CENTER, STRIP CENTER • 34,108 SF
      802 Hicksville Rd, Massapequa, NY 11758-1262
      View Details
    • Value Estimation by Request
      12,508 SF

      4125 Merrick Rd, Unit 4153

      SHOPPING CENTER, STRIP CENTER • 12,508 SF
      4125 Merrick Rd, Massapequa, NY 11758-6012
      View Details
    • Value Estimation
      $43,825,000
      41,624 SF

      934 Carmans Rd

      SHOPPING CENTER, STRIP CENTER • 41,624 SF
      934 Carmans Rd, Massapequa, NY 11758-3505
      View Details
    • Value Estimation
      $10,680,000
      22,665 SF

      1276-1354 Hicksville Rd

      SHOPPING CENTER, STRIP CENTER • 22,665 SF
      1276-1354 Hicksville Rd, Massapequa, NY 11758
      View Details
    • Value Estimation
      $12,590,000
      29,650 SF

      4250 Jerusalem Ave

      SHOPPING CENTER, STRIP CENTER • 29,650 SF
      4250 Jerusalem Ave, Massapequa, NY 11758-3315
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,160 SF

      Massapequa 6-Store Shopping Center

      Six-store shopping center in Massapequa, New York, available for sale.
      1 Park Ln, Massapequa, NY 11758
      View Details
    • New
      $1,650,000
      0.34 Acres

      Massapequa Retail Strip Mall For Sale

      Fully leased retail strip mall with stable, long-term tenants.
      5640-18 Merrick Rd, Massapequa, NY 11758
      View Details
    • $925,000

      Massapequa Commercial Building with Retail Spaces

      Versatile commercial property with income, land, and development potential.
      565 Broadway, Massapequa, NY 11758
      View Details
    • $1,599,900

      Massapequa Retail Stores For Sale

      Three retail stores in high-traffic Massapequa location.
      4342-4348 Merrick Rd, Massapequa, NY 11758
      View Details
    • Contact for pricing

      Massapequa Retail/Medical Redevelopment Opportunity

      23,000 SF building on 1.5 acres for sale.
      4235 Merrick Rd, Massapequa, NY 11758
      View Details
    • Contact for pricing
      12,800 SF

      Retail Property on Merrick Road

      Retail property available for sale on Merrick Road.
      4125 Merrick Rd, Massapequa, NY 11758
      View Details

    Similar Nearby for Lease

    • 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

      Vibrant Shopping Center in Massapequa

      195,000+ sq ft shopping center in Massapequa, New York.
      941 Carmans Rd, Massapequa Park, NY 11758
      View Details
    • Contact for pricing
      3,974 SF

      Massapequa Corner Retail Property

      Prime retail space in Massapequa with high traffic volume.
      1150 N Broadway, Massapequa, NY 11758
      View Details
    • $61,000
      19,628 SF

      Turnkey Dog Grooming Salon

      Fully equipped dog grooming salon in high-traffic Massapequa location.
      1495 Hicksville Rd, Massapequa, NY 11758
      View Details
    • $5,000 /Mo
      24,498 SF

      Retail Space in Prime Location

      1500 sqft retail space for rent in Massapequa, NY.
      632 Broadway, Massapequa, NY 11758
      View Details
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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.

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