Merrick, NY
Commercial Real Estate Market Trends & Data

$418 Avg asking sale price
$29 Avg asking lease rate
4,693 SF Avg unit lease size
6,593 SF Avg building size for sale
8.59% Average cap rate

Merrick's Demographic Profile

Merrick has 7,389 households and a median income of $170,589, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 22,003
# Households 7,389
Median age 44
Median household income $170,589
Avg household size 3.0
Renter-occupied housing units 469
5-year population change -1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Merrick $337 4,257 SF 11.02%
Bellmore $564 6,750 SF 8.21%
Freeport $369 5,354 SF 11.02%
Wantagh $515 6,100 SF 8.21%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Merrick $309 10,416 SF 11.02%
Freeport $341 8,314 SF 11.02%
Nearby Retail Markets Avg Cost/SF Typical Size
Merrick $486 7,628 SF
Bellmore $480 6,384 SF
Freeport $448 7,903 SF
North Merrick $1,265 790 SF
Roosevelt $486 6,734 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Freeport $404 9,650 SF 5.70%
Garden City $246 14,250 SF 5.31%
Mineola $246 14,250 SF 5.31%

Commercial Properties For Sale in Merrick

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

111 Woodcleft Ave

Freeport, NY 11520

  • 0.34 AC Lot
  • 1 Commercial Lot
  • $750,000
For Sale

116 Woodcleft Ave

Freeport, NY 11520

  • 3,000 SF Retail Building
  • $750,000
For Sale

19 Suffolk St

Freeport, NY 11520

  • 5,098 SF Office Building
  • 11.02% Cap Rate
  • $1,500,000
For Sale

1 Lansdowne Ave

Merrick, NY 11566

  • 2,200 SF Retail Building
  • $950,000
For Sale

174 Merrick Rd

Merrick, NY 11566

  • 1,180 SF Retail Building
  • $725,000
For Sale

1.15 Acre (50,000sf) Waterfront Property/Lot

Freeport, NY 11520

  • 1.15 AC Lot
  • 1 Industrial Lot
  • $1,899,999

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 Merrick pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Merrick $418 6,593 SF
Bellmore $396 9,847 SF
Freeport $412 7,190 SF
North Merrick $1,265 790 SF
Roosevelt $392 6,964 SF

Regional Demographic Comparison

This comparison places Merrick 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 Merrick or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Merrick 22,003 7,389 44 $170,589 3 469 -1%
Bellmore 15,930 5,408 43 $154,282 3 613 -2%
Freeport 44,390 13,472 40 $101,660 3 4,573 -1%
North Merrick 11,961 3,911 43 $135,068 3 260 -2%
Roosevelt 16,482 3,837 37 $113,852 4 1,115 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Merrick, 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 Merrick

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

Merrick 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 Merrick?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Merrick. 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 Merrick?

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

How does Merrick compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Merrick. 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 Merrick acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Merrick, 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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