Single-Level Office
For Sale
$749,999
Pending
11 S Park Avenue, Bayshore, NY 11706
Commercial Sale, Bay Shore, NY
Property Size2,750 SF
Lot Size0.13 Acres
Days on Market103
Property Features for 11 S Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BUS1
Parking
1
Parking features
Driveway
Elementary school district
Bay Shore
Middle school district
Bay Shore
High school district
Bay Shore
Directions
W Main St to S Park
Special listing conditions
Third Party Approval
Standard status
Pending
APN
0500-419-00-04-00-034-000
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12292
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Frame
Listing Agency:
Goldilocks Real Estate
(516) 874-3033
Listed By:
Holly Gottlieb ABR SRES
(516) 680-8173
Added: May 17
Changed: Aug 20
Last Checked: Aug 27 at 1:06PM
MLS# 957326
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 2,750-square-foot office unit occupies a single level and is offered in its existing condition. The layout includes high ceilings and a flexible interior suitable for office operations, with brick-and-frame construction, forced-air heating, and natural gas service. Cable is available, and the property is connected to public water and public sewer systems.
Located at 11 S Park Avenue in Bay Shore, the property includes a private driveway for on-site access. Municipal parking is situated across the street, providing additional parking for employees and visitors. Shops, restaurants, transportation, and major roadways are located nearby. The property is identified with BUS1 zoning and includes a 0.13-acre lot.
Located at 11 S Park Avenue in Bay Shore, the property includes a private driveway for on-site access. Municipal parking is situated across the street, providing additional parking for employees and visitors. Shops, restaurants, transportation, and major roadways are located nearby. The property is identified with BUS1 zoning and includes a 0.13-acre lot.
Key Highlights
- Approximately 2,750 square feet of single‑level office space
- BUS1 zoning on a 0.13‑acre lot
- Private driveway with municipal parking across the street
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
$47,287
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
6.30%
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%
$945,740
$945.7K
Cap Rate 7%
$675,529
$675.5K
Cap Rate 9%
$525,411
$525.4K
Market Conditions
NOI Build-Up for 2,750 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
$76.9K $27.96/SF
− Vacancy
−$13.8K −$5.03/SF
EGI
$63.0K $22.93/SF
− OpEx
−$15.8K −$5.73/SF
NOI
$47.3K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
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%
$945,740
Cap Rate 7%
$675,529
Cap Rate 9%
$525,411
Alternative Uses
Best Use
Office B
$675.5K
$591.1K – $788.1K
NOI $47,287 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.8K
$733.1K – $977.4K
NOI $58,644 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 11706, NY
66,263
Population
21,435
Households
3.1
Avg Household Size
37
Median Age
26%
College-Educated
82%
High-School Grad
16.9 sq mi
ZIP Area
3,921
Density / Sq Mi
$115,112
Median Household Income
$44,917
Median Earnings
$1,885
Median Rent
$464,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Brick-and-frame office space with private driveway access, municipal parking nearby, and public water and sewer service.
Where is this office units located?
The property is located at 11 S Park Avenue Bayshore, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Approximately 2,750 square feet of single‑level office space; BUS1 zoning on a 0.13‑acre lot; Private driveway with municipal parking across the street
