Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    98-100 Willis Avenue Mineola, NY 11501

    View on Map
    For Lease
    $1,250 /Mo

    COMMERCIAL - Mineola, NY

    Lot size:
    0.08 Acres
    Added:
    Oct 8, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 98-100 Willis Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    2223-09-452-00-0629-0
    Lot size
    0.08 Acres

    Taxes and HOA fees

    TaxYear
    2024

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Number of units
    6
    Building materials
    Brick

    We can help!

    Listing Contact
    Rory Sherman
    Rory Sherman

    Listing agent Rory Sherman License #10401346353

    Listing office Charles Rutenberg Realty Inc 255 Executive Dr Ste 208, Plainview, NY

    Listing date Oct 8, 2025

    MLS# 922664

    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.

    Overview

    Renovated Law Office in Mineola

    This newly renovated office building offers six offices for rent within an existing law office on the second floor. The available offices, suitable for law-related purposes, measure 12x14 and 12x12. The first floor features a shared reception area and two large conference rooms suitable for remote depositions and client meetings. In addition to the offices, three cubicles are available for support staff. The 5600 square foot building is located in Mineola, NY, and is a five-minute walk from the Mineola LIRR. Both private and municipal parking options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mineola
    County
    Nassau
    State
    New York
    Longitude
    -73.637099
    Latitude
    40.74265

    Nearby Similar for Lease

    • Contact for pricing

      Mineola Office Suite For Lease

      Professional office suite in Mineola's thriving business district.
      100 2nd Street, Mineola, NY 11501
      View Details
    • Contact for pricing

      Mineola Commercial Space For Rent

      2,200 sq ft commercial space ideal for showroom/retail/storage.
      230 Herricks Road, Mineola, NY 11501
      View Details
    • Contact for pricing

      Finished Office Suite in Mineola

      Professional lower-level office suite in a high-traffic location.
      302 Willis Avenue, Mineola, NY 11501
      View Details
    • $29/mo

      Mineola Office Space For Rent

      Office space with restaurant, concierge, and parking near train.
      170 Old Country Rd, Mineola, NY
      View Details
    • $38/mo

      Mineola Commercial Space For Lease

      New construction retail/office space with high visibility in Mineola, NY.
      144 2nd St, Mineola, NY
      View Details
    • Contact for pricing

      Mineola Office Space For Rent

      Office space available near transportation, shops, and restaurants.
      22 Jericho Tpke, Mineola, NY
      View Details
    • $26/mo

      Retail Space on Jericho Turnpike

      Retail space for rent on a highly visible, busy street.
      214 E Jericho Tpke, Mineola, NY
      View Details
    • Contact for pricing

      Retail Space on Jericho Turnpike

      Retail space available at a signalized intersection with ample parking.
      520-550 Jericho Tpke, Mineola, NY
      View Details
    • Contact for pricing

      Retail Space in Mineola Center

      Retail space available in Mineola shopping center on Jericho Turnpike.
      330-352 E Jericho Tpke, Mineola, NY
      View Details
    • $24/mo

      Renovated Office Space For Rent

      Completely renovated office space with private entrance and parking.
      156 1st St, Mineola, NY
      View Details
    • Contact for pricing

      Mineola Office Space Available

      Large office building in Mineola, New York available for rent.
      300 Old Country Rd, Mineola, NY
      View Details
    • Contact for pricing

      Mineola Office Space Available

      Office building with 108,600 square feet available for rent.
      120 Mineola Blvd, Mineola, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated office building with six offices for rent.
    Where is this office units located?
    The property is located at 98-100 Willis Avenue Mineola, NY.
    What is the lease rate?
    The lease rate is $1,250 /Mo.
    What are key features of this property?
    This property features: Newly renovated office building featuring six private offices.; Shared reception area and two large conference rooms.; Convenient location: a five minute walk from Mineola LIRR.
    (631) 258-8552
    We can help!
    Listing Contact
    Rory Sherman
    Rory Sherman
    Real Estate License ID: 10401346353
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!