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

    1 Arrowood Lane Melville, NY 11747

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    Commercial - Melville, NY

    Lot size:
    0.20 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    13
    Last Refresh:
    Apr 30 at 5:06 pm

    Property Features for 1 Arrowood Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0400-235-00-02-00-095-000
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    17985

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucille DiLorenzo

    Listing agent Lucille DiLorenzo

    Listing office Realty Connect USA L I Inc 35 Arkay Dr Ste 300, Hauppauge, NY

    Listing date Apr 18, 2026

    MLS# 11715577 Listing URL

    Copyright © 2026 My State 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

    Prime Corner Property on Route 110

    This well-maintained and thoughtfully renovated 5-bedroom ranch is located on the corner of Route 110 and Arrowood Lane, offering exceptional visibility and convenience. The property is just moments from the Northern State Parkway and LIE 495, with a nearby bus route, making it ideal for commuters. It presents an outstanding opportunity for a home office or income-producing property. Potential R7 zoning (buyer to verify) adds further flexibility and value. The property features central air conditioning and natural gas forced-air heating for year-round comfort. A full basement provides ample storage and potential for additional living or workspace. Set on a 0.2-acre lot, the property includes a large yard ideal for entertaining, fully enclosed with white PVC fencing for added privacy. Additional highlights include a separate hot water heater, excellent overall condition, and location within a highly regarded school district. The property is located in Melville, Suffolk County, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • ABS Automation, Inc. — 345 old country rd, melville, ny 11747
    • Office Technology Experts — 734 Walt Whitman Rd, Melville, NY 11747
    • Meyer - PeopleSoft ERP Consulting & Support — 937 Walt Whitman Rd, Melville, NY 11747
    • STONAVIGATOR — 718 Walt Whitman Rd, Melville, NY 11747
    • 365livetech — 143 Old Country Rd, Melville, NY 11747

    Location Insight

    • Map
    • Local Demand
    City
    Melville
    County
    Suffolk
    State
    New York
    Longitude
    -73.411373
    Latitude
    40.802692

    Nearby Similar for Sale

    • $1,100,000

      Prime Melville Corner Property

      Well-maintained property with high visibility and potential for various uses.
      1 Arrowood Lane, Melville, NY 11747
      View Details
    • $750,000

      Residential Land in Melville, NY

      Residential land available in Half Hollow Hills School District.
      25 Grossman Street, Melville, NY 11747
      View Details
    • $5,200,000
      24,338 SF

      Melville Office Building For Sale

      Office building in Melville Business Corridor with ample parking.
      135 Maxess Road, Melville, NY, 11747
      View Details
    • $18,000,000
      54,000 SF

      Melville Office Building For Sale

      54,000 SF office building in Melville, NY.
      10 Melville Park Rd, Melville, NY
      View Details
    • Contact for pricing
      6,150 SF

      Melville Office Space Available

      Office space with shared amenities in Melville, New York.
      707 Walt Whitman Rd, Melville, NY
      View Details
    • $4,950,000
      17,280 SF

      Melville Office Building For Sale

      17,280 SF office building available in Melville, NY.
      60 Broadhollow Rd, Melville, NY 11747
      View Details
    • $7,995,000

      Cleared Land Near Expressway

      Mostly cleared, level land suitable for new construction.
      115 Baylis Rd, Melville, NY 11747
      View Details
    • $2,150,000

      Retail Land For Sale

      Commercial land available for retail development.
      93 Ruland Rd, Melville, NY 11747
      View Details

    FAQs

    What type of property is this?
    Office property - Well-maintained property with high visibility and R7 zoning potential.
    Where is this office property located?
    The property is located at 1 Arrowood Lane Melville, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime corner location on Route 110 with high visibility and R7 zoning potential (buyer to verify).; Convenient access to Northern State Parkway, LIE 495, and nearby bus route for easy commuting.; **Well‑maintained and renovated 5‑bedroom ranch in excellent overall condition.**
    (631) 881-5659
    We can help!
    Listing Contact
    Lucille DiLorenzo
    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!