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

    179 Little East Neck Rd Babylon, NY 11702

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,950,000

    Triple-net lease, 100% occupied, ample parking.

    Property Features for 179 Little East Neck Rd

    General Information

    Property type
    Other commercial real estate

    We can help!

    Listing Contact
    Fethiye Huryilmaz

    Listing Agency: Douglas Elliman Real Estate Listing Agent: Fethiye Huryilmaz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment property, located at 179 Little East Neck Road in Babylon, New York, presents a rare opportunity to acquire a highly profitable commercial asset. Currently operating under a triple-net lease, the property boasts 100% occupancy, ensuring a consistent and reliable income stream. The ample parking available significantly enhances the property's appeal to tenants and customers. This offering includes all necessary documentation for a thorough due diligence process, including a comprehensive property profile, lease abstract, and detailed rent schedule. This Babylon location is just one of four available properties
    Location Intelligence

    Current Use by Public Records

    Sikowitz Joel Law Firm Babylon's Electrical Repair ... Food Market Majesty Abstract Services ... Title Company PFY Advocacy Group

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Babylon
    County
    Suffolk County
    State
    New York
    Longitude
    -73.33327
    Latitude
    40.6892

    Nearby Similar for Sale

    • $2,999,995
      2,645 SF

      West Babylon Industrial/Retail Opportunity

      Two buildings on just shy of 1 acre in West Babylon.
      1250 Wellwood Ave, West Babylon, NY 11704
      View Details
    • $2,999,995
      0.86 Acres

      West Babylon Commercial Opportunity

      Two buildings on just shy of 1 acre in West Babylon.
      1250 Wellwood Ave, West Babylon, NY 11704
      View Details
    • $219,000
      630 SF

      Babylon Office Space Opportunity

      Office space in Babylon Village, awaiting your creative touch.
      454 Deer Park Ave, Babylon, NY 11702
      View Details
    • $674,990
      Pending

      West Babylon Two-Family Home

      Legal two-family home with large yard in West Babylon.
      1558 9Th St, West Babylon, NY 11704
      View Details
    • $1,399,000
      4,333 SF

      West Babylon Commercial Property For Sale

      Commercial property with long-term tenant and 5% cap rate.
      771a-775 Famingdale Rd, West Babylon, NY 11704
      View Details
    • $559,000
      0.11 Acres

      Commercial Property in West Babylon

      Commercial property in West Babylon featuring multiple rooms and parking.
      640 Sunrise Hwy, West Babylon, NY 11704
      View Details
    • $675,000
      1,281 SF

      West Babylon Mixed-Use Property

      Mixed-use property in prime location with excellent traffic visibility.
      946 Little East Neck Rd, West Babylon, NY 11704
      View Details
    • $1,500,000
      2,410 SF

      West Babylon Retail Opportunity

      Commercial building suitable for investors or business owners.
      292 Little East Neck Rd, West Babylon, NY 11704
      View Details
    • $4,877,000
      Pending

      Babylon Village Mixed-Use Investment

      Mixed-use property in Babylon Village, across from the train station.
      240 Deer Park Ave, Babylon, NY 11702
      View Details
    • $399,000

      Free Standing Building on Sunrise

      One-story building on Sunrise Hwy, West Babylon, NY.
      764 Sunrise Hwy, West Babylon, NY 11704
      View Details
    • $799,000

      West Babylon Retail Investment Opportunity

      Well-maintained retail property with consistent income and excellent returns.
      1026-1026A Little East Neck Rd, West Babylon, NY 11704
      View Details
    • $325,000

      Fire Island Avenue Property

      Property located on Fire Island Avenue, Babylon, NY.
      470 Fire Island Ave, Babylon, NY 11702
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Triple-net lease, 100% occupied, ample parking.
    Where is this commercial real estate located?
    The property is located at 179 Little East Neck Rd Babylon, NY.
    What is the asking price?
    The asking price for this property is $3,950,000.
    (516) 746-0440
    Request Owner's contact information
    179 Little East Neck Rd Babylon, NY 11702
    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.
    179 Little East Neck Rd
    Babylon, NY 11702
    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
    179 Little East Neck Rd Babylon, NY 11702
    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

    We can help!
    Listing Contact
    Fethiye Huryilmaz
    (516) 746-0440
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!