Smithtown, NY
Commercial Real Estate Market Trends & Data

$746 Avg asking sale price
$27 Avg asking lease rate
8,194 SF Avg unit lease size
7,860 SF Avg building size for sale
6.99% Average cap rate

Smithtown's Demographic Profile

Smithtown has 8,151 households and a median income of $154,712, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 25,028
# Households 8,151
Median age 46
Median household income $154,712
Avg household size 3.0
Renter-occupied housing units 1,034
5-year population change -2%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Smithtown $598 5,500 SF 6.60%
Saint James $722 5,214 SF 6.60%
Nearby Retail Markets Avg Cost/SF Typical Size
Smithtown $504 7,830 SF
Hauppauge $449 5,465 SF
Kings Park $587 5,026 SF
Saint James $524 11,290 SF
Nesconset $474 12,940 SF

Commercial Properties For Sale in Smithtown

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

198 Terry Rd

Smithtown, NY 11787

  • 1,683 SF Office Building
  • $948,000
For Sale

405-407 Lake Ave

Saint James, NY 11780

  • 3,040 SF Retail Building
  • 5.02% Cap Rate
  • $2,200,000
For Sale

80 Davids Dr

Hauppauge, NY 11788

  • 33,988 SF Industrial Building
  • $9,000,000
For Sale

554 Route 111

Hauppauge, NY 11788

  • 2,600 SF Retail Building
  • $1,495,000
For Sale

1038 West Jericho Tpke

Smithtown, NY 11787

  • 4,300 SF Office Building
  • $1,600,000
For Sale

199 E Main St

Smithtown, NY 11787

  • 4,741 SF Office Building
  • 6.60% Cap Rate
  • $1,350,000

Average Price For Sale

↻ Updated Monthly

Average Size 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 Smithtown pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Smithtown $746 7,860 SF
Hauppauge $379 32,556 SF
Kings Park $428 3,300 SF
Saint James $560 8,123 SF
Head Of The Harbor $500 6,000 SF

Regional Demographic Comparison

This comparison places Smithtown 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 Smithtown or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Smithtown 25,028 8,151 46 $154,712 3 1,034 -2%
Hauppauge 20,062 7,038 44 $135,761 3 1,231 -1%
Kings Park 16,203 5,858 46 $115,441 3 1,076 -2%
Saint James 15,807 5,436 48 $149,863 3 616 -1%
Head Of The Harbor 1,568 480 46 $239,465 3 42 -1%

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

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

Smithtown 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 Smithtown?

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

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

How does Smithtown compare to nearby commercial real estate markets?

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

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