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

    865 Merrick Ave Westbury, NY 11590

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building with convenient location, parking, and modern amenities.

    Property size:
    4,586 SF
    Lot size:
    4.40 Acres

    Property Features for 865 Merrick Ave

    General Information

    Size
    4,586 SF
    Lot size
    4.40 Acres

    We can help!

    Listing Contact
    Michael Levenstein
    Michael Levenstein
    Source: Moodyscre

    Listing Agency: The Rochlin Organization Listing Agent: Michael Levenstein

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

    Learn more

    Overview

    Westbury Office Building for Sale

    This office building is conveniently located minutes from the Meadowbrook Parkway. The N35 NICE bus stops in front of the property, and the LIRR Westbury Station is nearby. The property features ample covered and non-covered parking and 24/7 access. Professional on-site ownership and management are provided. The building includes a 3-story glass atrium, a highly efficient HVAC system, a lounge-style seating area with WiFi, and 2 executive conference rooms. An on-site Courtyard by Marriott features meeting spaces and a cafe. Multiple fiber optic high-speed data carriers and a full building emergency power generator are available. The property is close to restaurants and shopping and across from Eisenhower Park.
    Location Intelligence

    Current Use by Public Records

    Spark451 Advertising Agency Prometric Testing Center Training Center Endo Pharmaceuticals Inc Industrial Manufacturer HOTEL Hotel & Motel Medical Society of the State ... Charitable Organization

    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
    Westbury
    County
    Nassau
    State
    New York
    Longitude
    -73.588236
    Latitude
    40.745183

    Nearby Similar for Lease

    • $8,800 /Mo

      Westbury Office Space For Lease

      Adaptable office space in a well-connected Long Island location.
      95 State St, Westbury, NY 11590
      View Details
    • $2,475 /Mo

      Westbury Office Space For Lease

      Affordable office space in the heart of Westbury Village.
      242 Drexel Ave, Westbury, NY 11590
      View Details
    • $2,350 /Mo

      Westbury Office Space For Rent

      Affordable office space in the heart of Westbury Village.
      242 Drexel Ave, Westbury, NY 11590
      View Details
    • $3,750 /Mo
      5,001 SF

      Westbury Retail/Office Space Available

      Commercial space in downtown Westbury, suitable for retail or office.
      247-01 Post Ave, Westbury, NY 11590
      View Details
    • $3,700 /Mo
      3,759 SF

      Prime Office/Retail Space, Westbury

      High-traffic location, ideal for medical or retail operations.
      2242 Hempstead Tpke, Westbury, NY 11554
      View Details
    • $23,000

      Westbury Office Space for Rent

      12,000 sqft office space available for rent.
      990 Westbury Rd, Westbury, NY 11590
      View Details
    • Contact for pricing

      New Mixed-Use Retail Space

      Ground-level retail space in revitalized downtown district.
      249 Drexel Ave, Westbury, NY 11590
      View Details
    • Contact for pricing

      Westbury Warehouse Space Available

      Warehouse space available for rent in Westbury, New York.
      1600 Shames Dr, Westbury, NY 11590
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space Near Transportation Hubs

      Retail space available near major parkways and train station.
      157 Post Ave, Westbury, NY 11590
      View Details
    • Contact for pricing
      1,680 SF

      Prime Retail Space in Westbury

      High-visibility retail space in New Cassel's commercial corridor.
      701-715 Prospect Ave, Westbury, NY 11590
      View Details
    • Contact for pricing
      10,064 SF

      Westbury Restaurant Space Available

      Equipped restaurant space with ample parking and high traffic.
      829 Merrick Ave, Westbury, NY 11590
      View Details
    • Contact for pricing
      2,234 SF

      Westbury Office Space For Rent

      Office space for rent with convenient amenities and parking.
      1400 Old Country Rd, Westbury, NY 11590
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with convenient location, parking, and modern amenities.
    Where is this office building located?
    The property is located at 865 Merrick Ave Westbury, NY.
    What are key features of this property?
    This property features: - On-site Courtyard by Marriott with meeting spaces and cafe.; - Conveniently located near Meadowbrook Parkway, N35 NICE bus, and LIRR Westbury Station.; - 24/7 access with ample covered and non-covered parking.
    (516) 935-8300 Call to check price and availability
    Request Owner's contact information
    865 Merrick Ave Westbury, NY 11590
    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.
    865 Merrick Ave
    Westbury, NY 11590
    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
    865 Merrick Ave Westbury, NY 11590
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Levenstein
    Michael Levenstein
    Real Estate License ID: 0301212139
    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!