Turnkey Medical Office
101a-200 N Village Ave Rockville Centre, NY 11570
For Sale
$499,000
Turnkey ground-level professional suite with private offices, reception, waiting area, and dedicated treatment space.
Property Size1,700 SF
Price / SF$293.53
Days on Market191
Property Features for 101a-200 N Village Ave
General Information
- Standard status
- Active
- Size
- 1,700 SF
Listing Agency:
Douglas Elliman Real Estate
(516) 522-4969
Listed By:
Jessica Hollenstein ABR CBR RSPS S
(516) 522-4969
Source:
Exprealty
Added: Jan 16
Changed: Jul 10
Last Checked: Jul 25 at 3:24PM
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 ground-level, double-entrance professional co-op suite offers a fully built-out, turnkey layout designed for day-to-day patient or client visits. The space totals 1,700 SF and includes seven private offices or treatment rooms, a reception office, a dedicated waiting area, two restrooms, and a storage room. Currently operating as a quiet therapy counseling office, the suite is presented as well maintained and ready for immediate occupancy.
The unit is located in an established, high-traffic area and benefits from strong visibility. Convenient on-street parking is available for clients and staff, supporting efficient access for scheduled appointments and walk-in visits.
With its mix of reception, waiting, treatment/private office rooms, and restrooms, the space is well aligned for attorneys and a broad range of medical and therapeutic uses such as therapy, psychiatry, and similar professional practices. Flexible use allows a new professional to customize the arrangement as needed, while keeping the existing professional infrastructure in place.
The unit is located in an established, high-traffic area and benefits from strong visibility. Convenient on-street parking is available for clients and staff, supporting efficient access for scheduled appointments and walk-in visits.
With its mix of reception, waiting, treatment/private office rooms, and restrooms, the space is well aligned for attorneys and a broad range of medical and therapeutic uses such as therapy, psychiatry, and similar professional practices. Flexible use allows a new professional to customize the arrangement as needed, while keeping the existing professional infrastructure in place.
Key Highlights
- 1,700 SF ground‑level professional co‑op with double‑entrance access
- Turnkey layout with seven private offices/treatment rooms plus reception and dedicated waiting area
- Includes two restrooms and a separate storage room
Financial Insights For Healthcare Medical
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 | $57.7k | $33.96 |
| − Vacancy | −$8.0k | −$4.72 |
| EGI | $49.7k | $29.24 |
| − OpEx | −$19.9k | −$11.70 |
| NOI | $29.8k | $17.54 |
1,700 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$426.1K
$372.8K – $497.1K
NOI $29,824 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$417.6K
$365.4K – $487.2K
NOI $29,232 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Turnkey ground-level professional suite with private offices, reception, waiting area, and dedicated treatment space.
Where is this medical office space located?
The property is located at 101a-200 N Village Ave Rockville Centre, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,700 SF ground‑level professional co‑op with double‑entrance access; Turnkey layout with seven private offices/treatment rooms plus reception and dedicated waiting area; Includes two restrooms and a separate storage room
