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

    1601 Veterans Memorial Hwy Islandia, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Exceptional office suites for lease in central Suffolk County.

    Type:OFFICE
    Property size:
    4,831 SF
    Lot size:
    3.20 Acres
    Added:
    Feb 20, 2023
    Days on Market:
    1166
    Last Refresh:
    Apr 5 at 9:34 pm

    Property Features for 1601 Veterans Memorial Hwy

    General Information

    Standard status
    Active
    Size
    4,831 SF
    Lot size
    3.20 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1601 Veterans Memorial Hwy Contact us

    We can help!

    Listing Contact
    Marian Campi-Conde
    Marian Campi-Conde

    Listing agent Marian Campi-Conde License #10401322792

    Listing office NAI Long Island

    Listing date Feb 20, 2023

    Source Moodyscre

    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 NAI Long Island

    Overview

    Islandia Office Space For Rent

    This property offers exceptional office suites for lease in a prime location with visibility from the Long Island Expressway, Exit 57, and direct access to Motor Parkway. Situated in the central business district of central Suffolk County, the property features a large reception area, four private offices, a bullpen, and a kitchen. The property size is 4831 square feet. The lease is full-service gross plus electric.
    Location Intelligence

    Current Use by Public Records

    Mansfield David A Law Firm Haley Weinblatt & Calcagni Law Firm Access Insurance Brokerage Insurance Agency One Suffolk Square Corporate Office Crystal Run Crossing Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Islandia
    County
    Suffolk
    State
    New York
    Longitude
    -73.1713
    Latitude
    40.7966

    Nearby Similar for Lease

    • Contact for pricing

      High-Profile Corner Retail Opportunity

      Freestanding building on a heavily trafficked corridor, ideal for retail.
      1968 Veterans Memorial Hwy, Islandia, NY 11749
      View Details
    • $13 SF/Yr

      Islandia Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for rent in Islandia.
      208-210 Blydenburg Rd, Islandia, NY
      View Details
    • Contact for pricing

      Long Island Expressway Visible Property

      Commercial property with direct access and high visibility.
      1013 Old Nichols Road, Islandia, NY, 11749
      View Details
    • Contact for pricing

      Retail Space on Veterans Highway

      Retail space with high visibility and accessibility.
      1900 Veterans Hwy, Islandia, NY
      View Details
    • Contact for pricing

      Islandia Office Space Available

      30,000 SF office space with multiple amenities for lease.
      11 Oval Dr, Islandia, NY
      View Details
    • Contact for pricing

      Islandia Industrial Space Available

      Industrial space available for rent in Islandia, New York.
      100 Patco Ct, Islandia, NY 11749
      View Details
    • Contact for pricing

      Islandia Office Space Available

      Office space for rent in Islandia, New York.
      2950 Express Dr S, Islandia, NY
      View Details
    • Contact for pricing

      Islandia Office Space For Rent

      Well-maintained office suites available in Islandia industrial park.
      163-165 Brg Rd, Islandia, NY
      View Details
    • $19 SF/Yr

      Islandia Office Space For Rent

      Office space available for lease in Islandia, New York.
      3033 Expressway Dr N , Islandia, NY
      View Details
    • Contact for pricing

      Islandia Office Suites For Rent

      Clean office suites available in Islandia industrial park.
      163 Bridge Rd, Islandia, NY 11749
      View Details
    • $19 SF/Yr

      Islandia Office Space Available

      2764 square feet of office space for rent.
      3750 Express Dr S, Islandia, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Exceptional office suites for lease in central Suffolk County.
    Where is this office units located?
    The property is located at 1601 Veterans Memorial Hwy Islandia, NY.
    What are key features of this property?
    This property features: Prime location with visibility from the Long Island Expressway, Exit 57; Full‑Service Gross plus Electric lease structure; Direct Access to Motor Parkway
    (631) 761-9628 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marian Campi-Conde
    Marian Campi-Conde
    Real Estate License ID: 10401322792
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    1601 Veterans Memorial Hwy, Islandia, NY

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!