185 Oval Dr, Islandia, NY
20,000 SF industrial facility on 1.75 acres for sale.
- Added:
- Sep 3, 2024
- Days on Market:
- 672
- Last Refresh:
- May 20 at 8:37 pm
Property Features for 185 Oval Dr
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.24 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 185 Oval Dr Contact usListing office Avison Young | Long Island (516) 314-2362
Listing date Sep 3, 2024
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 Avison Young | Long Island
HighLights
- Strategic location off Long Island Expressway (Exit 57) provides excellent transportation access.
- Expansive 20,000 square foot industrial facility on 1.75 acres.
- Ample parking space for employees and visitors.
- 16’ ceiling heights suitable for various equipment and inventory needs.
- Features one loading dock and two drive‑in access points for efficient logistics.
- Ideal setting for business operations.
Overview
Local Financial Insights For Warehouse
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 | $384.0k | $19.20 |
| − Vacancy | −$23.4k | −$1.17 |
| EGI | $360.6k | $18.03 |
| − OpEx | −$54.1k | −$2.70 |
| NOI | $306.5k | $15.32 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Motor Parkway RV & Boat Storage — 1516 Motor Pkwy, Islandia, NY 11749
- Extra Space Storage — 3016 Express Dr S, Islandia, NY 11749
- David R. Maltz & Co., Inc. — 39 Windsor Pl suite b, Central Islip, NY 11722
- Statewide Auto Auction Inc — 39 Windsor Pl, Central Islip, NY 11722
Location Insight
- Map
- Local Demand
- City
- Islandia
- County
- Suffolk
- State
- New York
- Longitude
- -73.1938
- Latitude
- 40.8032
