Turnkey Medical Office
For Sale
$249,000
100-200 N Village Ave, Rockville Centre, NY 11570
Street-level professional suite with four treatment rooms, private office, and waiting area for healthcare or legal services.
Property Size860 SF
Price / SF$289.53
Days on Market273
Property Features for 100-200 N Village Ave
General Information
Standard status
Active
Size
860 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
Douglas Elliman Real Estate
(516) 522-4969
Listed By:
Jessica Hollenstein ABR CBR RSPS S
(516) 522-4969
Source:
Exprealty
Added: Nov 20, 2025
Changed: Aug 17
Last Checked: Aug 19 at 12:24PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This 860-square-foot professional co-op is a turnkey suite designed for client-facing practices. The interior includes four treatment rooms, a private office, and a waiting area, supporting a layout that can accommodate medical, therapeutic, or other confidential professional services. The unit was operated as a chiropractic office and is offered for immediate use.
The space is located at street level and provides easy access in a medical corridor setting. It is described as being conveniently located near major highways, with the train station approximately 0.4 miles away.
The configuration is well-suited for providers who need multiple treatment rooms along with a dedicated private office and reception-style waiting space. The co-op is also presented as flexible for similar professional uses, including attorneys and other qualified healthcare practitioners seeking a ready-to-operate office environment.
The space is located at street level and provides easy access in a medical corridor setting. It is described as being conveniently located near major highways, with the train station approximately 0.4 miles away.
The configuration is well-suited for providers who need multiple treatment rooms along with a dedicated private office and reception-style waiting space. The co-op is also presented as flexible for similar professional uses, including attorneys and other qualified healthcare practitioners seeking a ready-to-operate office environment.
Key Highlights
- 860 sq. ft. professional co‑op suite currently set up for office use
- Includes four treatment rooms plus a private office and waiting area
- Street‑level unit with easy access in the medical corridor of RVC
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
$15,088
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
6.06%
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%
$301,760
$301.8K
Cap Rate 7%
$215,543
$215.5K
Cap Rate 9%
$167,644
$167.6K
Market Conditions
NOI Build-Up for 860 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
$29.2K $33.96/SF
− Vacancy
−$4.1K −$4.72/SF
EGI
$25.1K $29.24/SF
− OpEx
−$10.1K −$11.70/SF
NOI
$15.1K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
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%
$301,760
Cap Rate 7%
$215,543
Cap Rate 9%
$167,644
Alternative Uses
Best Use
Healthcare Medical
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$211.3K
$184.9K – $246.5K
NOI $14,788 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$568.6K
$497.5K – $663.4K
NOI $39,803 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,843
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Street-level professional suite with four treatment rooms, private office, and waiting area for healthcare or legal services.
Where is this medical office space located?
The property is located at 100-200 N Village Ave Rockville Centre, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 860 sq. ft. professional co‑op suite currently set up for office use; Includes four treatment rooms plus a private office and waiting area; Street‑level unit with easy access in the medical corridor of RVC
