Bohemia Flex Space
For Sale
Contact for pricing
50 Orville Dr, Bohemia, NY
Flex space with office/R&D, drive-in, and ample power.
Property Size21,500 SF
Lot Size1.64 Acres
Price / SF$306.77
Days on Market595
Property Features for 50 Orville Dr
General Information
Standard status
Active
Size
21,500 SF
Lot size
1.64 Acres
Property subtype
FLEX_R_AND_D
Properties For Sale
at 50 Orville Dr Contact us50 Orville Dr AVAILABLE, Now
Size
14,000 SF
Type
FLEX_R_AND_D
Lease Type
NET_NNN
Sublease
No
- 100% Office/R&D
- Fully Sprinklered
- Fully Air Conditioned
- 1 Drive-In
- 1,200 Amps Electric
Contact us 50 Orville Dr AVAILABLE, Now
Floor
1
Size
7,500 SF
Type
FLEX_R_AND_D
Lease Type
NET_NNN
Sublease
No
- 100% Office/R&D
- Fully Sprinklered
- Fully Air Conditioned
- 1,200 Amps Electric
Contact us 50 Orville Dr AVAILABLE, On Available Date
Floor
1
Size
6,566 SF
Type
FLEX_R_AND_D
Lease Type
NET_NNN
Sublease
No
- 100% Office/R&D
- 1 Drive-In
- Fully Sprinklered
- Fully Air Conditioned
- 400 Amps Electric
Contact us
Listing Agency:
Rechler Equity Partners
(631) 414-8400
Listed By:
Ted Trias
(516) 848-2773
Source:
Moodyscre
Added: Mar 15, 2025
Changed: Oct 25
Last Checked: Oct 28 at 6:43AM
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 Rechler Equity Partners
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.
This flex space property in Bohemia, NY, offers 21,500 square feet suitable for office and R&D purposes. The building is fully equipped with a sprinkler system and air conditioning. It includes one drive-in door and a 1,200 amp electrical system.
Key Highlights
- 100% Office/R&D suitability
- Fully air conditioned for comfortable working conditions
- Fully sprinklered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$305,250
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,105,000
$6.1M
Cap Rate 7%
$4,360,714
$4.4M
Cap Rate 9%
$3,391,667
$3.4M
Market Conditions
NOI Build-Up for 21,500 SF
Gross rent
$464.4K $21.60/SF
− Vacancy
−$28.3K −$1.32/SF
EGI
$436.1K $20.28/SF
− OpEx
−$130.8K −$6.08/SF
NOI
$305.3K $14.20/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,105,000
Cap Rate 7%
$4,360,714
Cap Rate 9%
$3,391,667
Alternative Uses
Best Use
Industrial
$4.36M
$3.82M – $5.09M
NOI $305,250 @ 7.0% cap · market cap 4.63%
Second Best
Flex RnD
$3.56M
$3.11M – $4.15M
NOI $249,071 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$6.55M
$5.73M – $7.64M
NOI $458,493 @ 7.0% cap · market cap 6.95%
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
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Constance Food Group — 545 Johnson Ave, Bohemia, NY 11716
- Señor Taco Catering Services (office) — 1560 Lakeland Ave, Bohemia, NY 11716
- Florian Food Service Inc — 50 Feldland St # 1, Bohemia, NY 11716
- J&B Restaurant Partners — 4250 Veterans Memorial Hwy 1st Floor, Suite 1070W, Bohemia, NY 11716
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with office/R&D, drive-in, and ample power.
Where is this flex space located?
The property is located at 50 Orville Dr Bohemia, NY.
What is the asking price?
The asking price for this property is $6,595,510.
What are key features of this property?
This property features: 100% Office/R&D suitability; Fully air conditioned for comfortable working conditions; Fully sprinklered
