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Property profile

821 Merrick Rd Baldwin, NY 11510

Retail space
Property ID
US63-2359282
View Sample
1,785 SF 0.05 ac lot Built 1946
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 1,785 square foot commercial property, located at 821 Merrick Road in Baldwin, NY 11510, presents a compelling investment opportunity. Situated on a 2,260 square foot lot, this one-story building boasts 8-10 foot ceilings and offers a flexible open layout ideal for a variety of uses, including retail, office, or restaurant operations. The prime location on heavily trafficked Merrick Road ensures high visibility and convenient access for customers and employees. Ample parking is available, and the property benefits from excellent proximity to major roadways, public transportation, and local amenities. Large windows provide abundant natural light and showcase the business to passersby. The property's versatility allows for customization to meet specific business needs, making it an attractive option for entrepreneurs and established businesses alike. Baldwin's growing community offers a blend of residential and commercial activity, creating a strong potential customer base. This property represents a solid foundation for future growth and success.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,785 SF
Lot 0.05 ac (2,260 SF)
APN 54-102-00-0002
UPID US63-2359282

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
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Hardware & Home Improvement General Contractor
  • Take-out & Catering Catering Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2022
Last sale
$305,000
4 recorded transactions
2022
$305,000
2012
$145,000
2011
Price N/A
1989
$139,000

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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More about this property
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