Office Building with Gated
New
For Sale
$599,000
946 Little East Neck Road, West Babylon, NY 11704
Commercial Sale, West Babylon, NY
Property Size1,218 SF
Lot Size0.16 Acres
Price / SF$491.79
Days on Market3
Property Features for 946 Little East Neck Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
E
Rooms
Basement
Parking
1
Parking features
Parking Lot
Fencing
Fenced
Basement
Storage Space
Accessibility
Accessible Approach with Ramp
Elementary school district
West Babylon
Middle school district
West Babylon
High school district
West Babylon
Directions
Google Maps
Standard status
Active
APN
0100-138-00-03-00-068-001
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12089
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Ductless
Water source
Public
Amenities
central A/C
public sewer
full basement
kitchen
reception area
three additional rooms
two bathrooms
Building Details
Year built
1991
Building materials
Frame
Listing Agency:
NextHome OrangeDot
(631) 314-4880
Listed By:
Anthony J. Pellicane
(516) 852-9753
Added: Sep 22
Last Checked: Sep 24 at 2:06AM
MLS# 1045614
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 1,218 SF office property, built in 1991, is arranged for professional and commercial occupancy with a reception area, three additional rooms, two bathrooms, kitchen, and full basement. The parcel measures 0.1609 acres and includes six parking spaces, including one accessible space, within a fenced private parking area. Public water and public sewer serve the property, while oil heat and ductless cooling are listed among the building systems.
Zoned E, the property is located at 946 Little East Neck Road in West Babylon, with access to Sunrise Highway, Southern State Parkway, other major roadways, and the Long Island Rail Road. The source information identifies potential fit for medical, dental, accounting, insurance, legal, and other professional uses, subject to permitted-use requirements.
Zoned E, the property is located at 946 Little East Neck Road in West Babylon, with access to Sunrise Highway, Southern State Parkway, other major roadways, and the Long Island Rail Road. The source information identifies potential fit for medical, dental, accounting, insurance, legal, and other professional uses, subject to permitted-use requirements.
Key Highlights
- 1,218 SF office property on a 0.1609‑acre parcel
- Six parking spaces, including one handicap‑accessible space
- Reception area, three additional rooms, two bathrooms, kitchen, and full basement
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
$29,466
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
4.92%
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%
$589,320
$589.3K
Cap Rate 7%
$420,943
$420.9K
Cap Rate 9%
$327,400
$327.4K
Market Conditions
NOI Build-Up for 1,218 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
$46.8K $38.40/SF
− Vacancy
−$7.5K −$6.14/SF
EGI
$39.3K $32.26/SF
− OpEx
−$9.8K −$8.06/SF
NOI
$29.5K $24.19/SF
Area
Babylon, NY
Vacancy
16.00%
Lease Rate
$38.40 /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%
$589,320
Cap Rate 7%
$420,943
Cap Rate 9%
$327,400
Alternative Uses
Best Use
Office B
$420.9K
$368.3K – $491.1K
NOI $29,466 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,251 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 11704, NY
40,367
Population
13,406
Households
3
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.9 sq mi
ZIP Area
5,110
Density / Sq Mi
$127,034
Median Household Income
$55,098
Median Earnings
$2,089
Median Rent
$485,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible professional property with private parking, basement storage, and a multi-room layout for permitted commercial uses.
Where is this office building located?
The property is located at 946 Little East Neck Road West Babylon, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,218 SF office property on a 0.1609‑acre parcel; Six parking spaces, including one handicap‑accessible space; Reception area, three additional rooms, two bathrooms, kitchen, and full basement
