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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5599 Merrick Rd Massapequa, NY 11758-6215

    • Turn key restaurants
    • 2,700 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2021
    $1,650,000
    Value Estimations
    $1,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5462347
    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

    • Turn key restaurants

    Property Details for 5599 Merrick Rd

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    2,700 SF
    Property type
    Turn key restaurants
    APN
    53-018-00-0055
    APU
    53018000055

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,925,000
      ML approach
      $1,615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,007,000
      Market price range: $942k - $4.18M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,395,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,370,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa
    County
    Nassau
    State
    New York
    Longitude
    -73.4316
    Latitude
    40.6697
    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
    $35,904
    $5,216
    $844
    $6,060
    -
    $0.00
    $0.00
    $606,000

    Comparable in this City

    • Value Estimation
      $1,030,000
      36,000 SF

      5523 Merrick Rd

      RESTAURANT • 36,000 SF
      5523 Merrick Rd, Massapequa, NY 11758-6215
      View Details
    • Value Estimation
      $985,000
      480 SF

      201 Jerusalem Ave

      RESTAURANT • 480 SF
      201 Jerusalem Ave, Massapequa, NY 11758-3308
      View Details
    • Value Estimation by Request
      5,304 SF

      45 Carmans Rd

      RESTAURANT • 5,304 SF
      45 Carmans Rd, Massapequa, NY 11758-4748
      View Details
    • Value Estimation
      $960,000
      4,860 SF

      4320 Merrick Rd

      RESTAURANT • 4,860 SF
      4320 Merrick Rd, Massapequa, NY 11758-6019
      View Details
    • Value Estimation by Request
      2,500 SF

      4420 Sunrise Hwy

      RESTAURANT • 2,500 SF
      4420 Sunrise Hwy, Massapequa, NY 11758-5346
      View Details
    • Value Estimation
      $980,000
      360 SF

      Jerusalem Ave

      RESTAURANT • 360 SF
      Jerusalem Ave, Massapequa, NY 11758
      View Details

    Similar Nearby for Sale

    • $1,000,000
      450 SF

      Massapequa Redevelopment Opportunity

      Prime Retail Space, High Traffic Area
      4340 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,599,900

      Massapequa Retail Investment Opportunity

      Retail property in high-traffic Massapequa location with income potential.
      4342-4348 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,300,000

      Retail Building on Broadway

      2504 SF retail building on 0.532 acre lot.
      555 Broadway, Massapequa, NY 11758
      View Details
    • $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
    • $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

    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
      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
    • Contact for pricing
      6,088 SF

      Massapequa Retail Space For Lease

      New 6,088 SF Retail Building
      4440 Sunrise Hwy, Massapequa, NY 11758
      View Details
    • Contact for pricing
      1,305 SF

      Freestanding Retail Building with Parking

      Retail building with frontage and private parking in Massapequa.
      4303 Merrick Rd, Massapequa, NY 11758
      View Details
    • $70,000
      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
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    5599 Merrick Rd
    Massapequa, NY 11758-6215
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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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