Two-Story Office
1092 West Jericho Turnpike, Smithtown, NY 11787
For Sale
Contact for pricing
An upper-level suite is available for lease or owner occupancy.
Property Size8,129 SF
Lot Size0.95 Acres
Price / SF$338.29
Days on Market8
Property Features for 1092 West Jericho Turnpike
General Information
Standard status
Size
Class
Lot size
Property subtype
Additional Details
Road Access
Tenant in Place
Property Use
Building Details
Buildings
Stories
Building Size
Tenancy
Owner Occupied
Listing Agency:
Douglas Elliman Commercial Division
Listed By:
Michael Murphy · License NY #10491211076
(631) 858-2460
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 4:58AM
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 Commercial Division
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The two-story office property contains 8,129 square feet on a 0.95-acre parcel. Two tenants occupy the building, while a 1,700-square-foot second-floor suite is available for lease or owner use. The suite has modern finishes, natural light, large windows and a conference room. Building features include four-zone gas heat and 800-amp electrical service. Tenants pay their proportional share of building expenses.
The property fronts West Jericho Turnpike in Smithtown, with access to major roadways, retailers, restaurants and the local business community. On-site parking is provided.
The property fronts West Jericho Turnpike in Smithtown, with access to major roadways, retailers, restaurants and the local business community. On-site parking is provided.
Key Highlights
- 8,129‑square‑foot office building on 0.95 acres
- Two‑story building with two tenants in place
- 1,700‑square‑foot second‑floor suite available for lease or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,730
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,994,600
$4.0M
Cap Rate 7%
$2,853,286
$2.9M
Cap Rate 9%
$2,219,222
$2.2M
Market Conditions
NOI Build-Up for 8,129 SF
Gross rent
$317.0K $39.00/SF
− Vacancy
−$50.7K −$6.24/SF
EGI
$266.3K $32.76/SF
− OpEx
−$66.6K −$8.19/SF
NOI
$199.7K $24.57/SF
Area
Smithtown, NY
Vacancy
16.00%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,994,600
Cap Rate 7%
$2,853,286
Cap Rate 9%
$2,219,222
Alternative Uses
Best Use
Office B
$2.85M
$2.50M – $3.33M
NOI $199,730 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.03M
$4.40M – $5.87M
NOI $352,343 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 11787, NY
35,361
Population
12,147
Households
2.9
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
2,373
Density / Sq Mi
$141,505
Median Household Income
$64,248
Median Earnings
$2,349
Median Rent
$642,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Suffolk County, NY
Properties on Market for Office buildings in Suffolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - An upper-level suite is available for lease or owner occupancy.
Where is this office building located?
The property is located at 1092 West Jericho Turnpike Smithtown, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 8,129‑square‑foot office building on 0.95 acres; Two‑story building with two tenants in place; 1,700‑square‑foot second‑floor suite available for lease or owner occupancy
