Melville Office Building For
For Sale
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10 Melville Park Rd, Melville, NY
54,000 SF office building in Melville, NY.
Property Size54,000 SF
Lot Size4.00 Acres
Price / SF$333.33
Days on Market335
Property Features for 10 Melville Park Rd
General Information
Standard status
Active
Size
54,000 SF
Lot size
4.00 Acres
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Long Island
(631) 425-1240
Listed By:
David Pennetta
Source:
Moodyscre
Added: Sep 4, 2025
Changed: Jul 6
Last Checked: Jul 22 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Long Island
Investment Insights
Based on property information with market context.
This is a 54,000 square foot office building located in Melville, New York.
Key Highlights
- 54,000 SF office building
- Location in Melville, NY
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.51M | $27.96 |
| − Vacancy | −$271.8k | −$5.03 |
| EGI | $1.24M | $22.93 |
| − OpEx | −$309.5k | −$5.73 |
| NOI | $928.6k | $17.20 |
54,000 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$13.27M
$11.61M – $15.48M
NOI $928,552 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.45M
$14.39M – $19.19M
NOI $1,151,563 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,063
Businesses Nearby
Explore this area
Business Placement
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 - 54,000 SF office building in Melville, NY.
Where is this office building located?
The property is located at 10 Melville Park Rd Melville, NY.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: 54,000 SF office building; Location in Melville, NY
