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$326.35
Days on Market503
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
Listing Agency:
Rechler Equity Partners
(516) 848-2773
Listed By:
Ted Trias
(516) 848-2773
Source:
Moodyscre
Added: Mar 15, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:38AM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $464.4k | $21.60 |
| − Vacancy | −$28.3k | −$1.32 |
| EGI | $436.1k | $20.28 |
| − OpEx | −$130.8k | −$6.08 |
| NOI | $305.3k | $14.20 |
21,500 SF · lease $21.60/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$4.36M
$3.82M – $5.09M
NOI $305,250 @ 7.0% cap · market cap 4.35%
Second Best
Flex RnD
$3.56M
$3.11M – $4.15M
NOI $249,071 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$6.55M
$5.73M – $7.64M
NOI $458,493 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Constance Food Group — 545 Johnson Ave, Bohemia, NY 11716
- Señor Taco Catering Services (office) — 1560 Lakeland Ave, Bohemia, NY 11716
- J&B Restaurant Partners — 4250 Veterans Memorial Hwy 1st Floor, Suite 1070W, Bohemia, NY 11716
- Florian Food Service Inc — 50 Feldland St # 1, 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 $7,016,500.
What are key features of this property?
This property features: 100% Office/R&D suitability; Fully air conditioned for comfortable working conditions; Fully sprinklered
