Centereach, NY
Commercial Real Estate Market Trends & Data

$377 Avg asking sale price
$30 Avg asking lease rate
10,653 SF Avg unit lease size
18,720 SF Avg building size for sale
6.51% Average cap rate

Centereach's Demographic Profile

Centereach has 9,178 households and a median income of $120,172, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 28,929
# Households 9,178
Median age 41
Median household income $120,172
Avg household size 3.0
Renter-occupied housing units 1,503
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Centereach, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Centereach $444 19,465 SF 6.60%
South Setauket $315 19,465 SF 6.60%
Selden $295 37,884 SF 5.40%
Nearby Retail Markets Avg Cost/SF Typical Size
Centereach $401 21,371 SF
South Setauket $401 21,371 SF
Lake Grove $286 7,000 SF
Selden $407 52,487 SF
Farmingville $140 85,260 SF

Commercial Properties For Sale in Centereach

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Royal Plaza-West Building

Farmingville, NY 11738

  • 85,260 SF Retail Building
  • 10.01% Cap Rate
  • $6,950,000
For Sale

1545 Middle Country Rd

Centereach, NY 11720

  • 3,435 SF Retail Building
  • 4.50% Cap Rate
  • $3,066,000
For Sale

4.17 Acre Corner Development Site, Portion Rd

Ronkonkoma, NY 11779

  • 4.17 AC Lot
  • 1 Commercial Lot
  • $3,990,000
For Sale

220-226 N. Belle Mead Rd.

Setauket, NY

  • Office Building
  • 6.25% Cap Rate
  • $10,000,000
For Sale

4515 Nesconset Hwy

Port Jefferson Station, NY 11776

  • 2,700 SF Retail Building
  • $799,000
For Sale

2343 Middle Country Rd

Centereach, NY 11720

  • 8,459 SF Retail Building
  • 6.58% Cap Rate
  • $3,300,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Centereach pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Centereach $377 18,720 SF
South Setauket $377 18,720 SF
Lake Grove $238 4,625 SF
Selden $517 27,752 SF
Farmingville $140 85,260 SF

Regional Demographic Comparison

This comparison places Centereach alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Centereach or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Centereach 28,929 9,178 41 $120,172 3 1,503 -3%
South Setauket 26,905 8,504 41 $120,988 3 1,392 -3%
Lake Grove 10,879 3,830 44 $118,631 3 786 -1%
Selden 18,446 5,891 40 $104,865 3 1,210 -3%
Farmingville 14,396 4,450 41 $130,475 3 769 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Centereach, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Centereach

View All Commercial Real Estate For Sale in Centereach
Is Centereach a good market for a first-time commercial real estate investor?

Centereach offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Centereach?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Centereach. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Centereach?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Centereach. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Centereach compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Centereach. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Centereach acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Centereach, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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