Flex Building with
For Sale
$5,300,000
17 E Jericho Turnpike, Huntington, NY 11746
Commercial Sale, Huntington, NY
Property Size19,000 SF
Lot Size0.55 Acres
Price / SF$278.95
Days on Market328
Property Features for 17 E Jericho Turnpike
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Standard status
Active
APN
0400-198-00-01-00-061-001
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
81413
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Listing Agency:
Precise Building Tech Corp
(516) 799-1900
Listed By:
Joy B. Kannett · License #NY 01234567
(516) 567-0241
Added: Oct 13, 2025
Changed: Aug 20
Last Checked: Sep 5 at 6:06PM
MLS# 923807
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property includes a showroom, office area, warehouse space, and attic storage within a commercial building on a 0.55-acre lot. The property is equipped with central air, natural gas heat, a parking lot, public water, public sewer, and cable availability.
Positioned on Jericho Turnpike in Huntington, the building is near Route 110. An existing lease remains in place through January 31, 2027, with the tenant responsible for $82,000 per year in taxes through the lease term.
Positioned on Jericho Turnpike in Huntington, the building is near Route 110. An existing lease remains in place through January 31, 2027, with the tenant responsible for $82,000 per year in taxes through the lease term.
Key Highlights
- 0.55‑acre commercial lot on Jericho Turnpike
- Building includes showroom, office, warehouse, and attic storage areas
- Existing lease runs through January 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$273,258
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,465,160
$5.5M
Cap Rate 7%
$3,903,686
$3.9M
Cap Rate 9%
$3,036,200
$3.0M
Market Conditions
NOI Build-Up for 19,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$456.0K $24.00/SF
− Vacancy
−$91.7K −$4.82/SF
EGI
$364.3K $19.18/SF
− OpEx
−$91.1K −$4.79/SF
NOI
$273.3K $14.38/SF
Area
Livingston County, NY
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,465,160
Cap Rate 7%
$3,903,686
Cap Rate 9%
$3,036,200
Alternative Uses
Best Use
Office B
$3.90M
$3.42M – $4.55M
NOI $273,258 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$3.68M
$3.22M – $4.29M
NOI $257,690 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,344 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fireside Caterers of Huntington — 120 W Jericho Turnpike, Huntington Station, NY 11746
- Huntington Townhouse — South Huntington, NY 11746
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines showroom, office, warehouse, and attic storage areas with an existing lease through January 2027.
Where is this flex space located?
The property is located at 17 E Jericho Turnpike Huntington, NY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 0.55‑acre commercial lot on Jericho Turnpike; Building includes showroom, office, warehouse, and attic storage areas; Existing lease runs through January 31, 2027
