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

    Medford Ave Patchogue, NY

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

    Two one-story masonry buildings with parking for 120 cars.

    Type:OFFICE
    Property size:
    21,766 SF
    Lot size:
    1.47 Acres
    Price / SF:
    $379/SF
    Added:
    Nov 27, 2024
    Days on Market:
    512
    Last Refresh:
    Apr 5 at 9:57 pm

    Property Features for Medford Ave

    General Information

    Standard status
    Active
    Size
    21,766 SF
    Lot size
    1.47 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at Medford Ave Contact us

    We can help!

    Listing Contact
    Ryan Rodger

    Listing agent Ryan Rodger

    Listing office United Properties Corp.

    Listing date Nov 27, 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 United Properties Corp.

    Overview

    Two Buildings with 17 Stores

    This property features two one-story masonry buildings comprising 17 stores. The site includes parking space for 120 cars.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -73.0077
    Latitude
    40.7682

    Nearby Similar for Sale

    • $629,000

      Renovated Commercial Property with Warehouse

      Renovated commercial property featuring warehouse, office, and modern amenities.
      14 E 3rd Street, Patchogue, NY 11772
      View Details
    • $850,000

      Versatile Mixed-Use Property Near Patchogue

      Mixed-use property with professional space, residential unit, and large garage.
      127 N Ocean Avenue, Patchogue, NY 11772
      View Details
    • $2,800,000

      East Patchogue Commercial Building For Sale

      Commercial building in developing East Patchogue, fully leased, month-to-month tenants.
      318 East Main Street, Patchogue, NY 11772
      View Details
    • $625,000

      Patchogue Two-Family Home For Sale

      Legal two-family home near train, downtown, beaches, and shopping.
      19 Academy Street, Patchogue, NY 11772
      View Details
    • $550,000

      Patchogue Legal Two-Family Residence

      Legal two-family property in Patchogue Village, New York.
      13 Academy Street, Patchogue, NY 11772
      View Details
    • $1,050,000
      4,102 SF

      Historic Home Converted Office Space

      Two-story converted historic home with office space and storage.
      139 N Ocean Avenue, Patchogue, NY 11772
      View Details
    • $2,700,000

      Patchogue Investment Opportunity With Upside

      Long Island property with value-add potential and corporate tenant.
      282 / 274 Medford Ave, Patchogue, NY 11772
      View Details
    • $1,700,000
      12,197 SF

      Auto Repair Shop For Sale

      Auto repair shop with six bays in thriving Patchogue.
      72 Terry Street, Patchogue, NY 11772
      View Details
    • Contact for pricing
      24,000 SF

      Patchogue Village Freestanding Office Building

      Freestanding office building in Patchogue Village with long-term tenant.
      75 Oak St, Patchogue, NY 11772
      View Details
    • Contact for pricing
      8,000 SF

      Operating Daycare Facility For Sale

      8,000 SF daycare facility on 1.87 acres for sale.
      7 Crossway Boulevard, Patchogue, NY, 11772
      View Details
    • $3,350,000
      1,350 SF

      Profitable Gas Station Investment Opportunity

      Gas station with convenience store in Patchogue, NY for sale.
      234 Medford Avenue, Patchogue, NY 11772
      View Details
    • $759,000

      Patchogue Village Three-Family Colonial

      Legal three-family home in Patchogue Village with detached garage.
      43 West Avenue, Patchogue, NY 11772
      View Details

    FAQs

    What type of property is this?
    Office building - Two one-story masonry buildings with parking for 120 cars.
    Where is this office building located?
    The property is located at Medford Ave Patchogue, NY.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: Two one‑story masonry buildings; Features 17 stores; Parking for 120 cars
    (516) 223-6200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Rodger
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!