Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Islandia Office Space Available Title is generated by Realmo AI

    2950 Express Dr S, Islandia, NY

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space for rent in Islandia, New York.

    Type:OFFICE
    Property size:
    519 SF
    Lot size:
    6.30 Acres
    Added:
    Dec 26, 2024
    Days on Market:
    527
    Last Refresh:
    May 20 at 8:12 pm

    Property Features for 2950 Express Dr S

    General Information

    Standard status
    Active
    Size
    519 SF
    Lot size
    6.30 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2950 Express Dr S Contact us

    We can help!

    Listing Contact
    Craig J. Padover

    Listing agent Craig J. Padover

    Listing office Aresco Management

    Listing date Dec 26, 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 Aresco Management

    HighLights

    • LIE exposure and visibility
    • 360 degree parking with a generous 5:1 ratio
    • Enjoy 24 Hour / 7 Day Access
    • Full Service Cafe
    • Impressive Two Story atrium lobby
    • Benefit from Wide 31'x31' column spacing

    Overview

    This office space in Islandia, New York, features a building energy management system and a full-service cafe. The property includes two passenger elevators and a two-story atrium lobby. It offers 24-hour, 7-day access, along with basement storage options. The building has wide 31'x31' column spacing and a floor load capacity of 140 lbs. per square foot. Parking is available with a 360-degree layout and a 5:1 ratio. The property benefits from exposure to the Long Island Expressway and visibility. The available space measures 519 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dhac Inc Medical Clinic Arrow Electronics Inc. Industrial Manufacturer Reassuring Health Insurance ... Insurance Agency Pardon My Cheesesteak Restaurant Norstar Bank of Long ... Bank

    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
    Islandia
    County
    Suffolk
    State
    New York
    Longitude
    -73.1586
    Latitude
    40.8083

    Nearby Similar for Lease

    • Contact for pricing
      14,595 SF

      High-Profile Corner Retail Opportunity

      Freestanding building on a heavily trafficked corridor, ideal for retail.
      1968 Veterans Memorial Hwy, Islandia, NY 11749
      View Details
    • $13 SF/Yr
      10,000 SF

      Islandia Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for rent in Islandia.
      208-210 Blydenburg Rd, Islandia, NY
      View Details
    • Contact for pricing
      178,239 SF

      Long Island Expressway Visible Property

      Commercial property with direct access and high visibility.
      1013 Old Nichols Road, Islandia, NY, 11749
      View Details
    • Contact for pricing
      4,831 SF

      Islandia Office Space For Rent

      Exceptional office suites for lease in central Suffolk County.
      1601 Veterans Memorial Hwy, Islandia, NY
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space on Veterans Highway

      Retail space with high visibility and accessibility.
      1900 Veterans Hwy, Islandia, NY
      View Details
    • Contact for pricing
      2,570 SF

      Islandia Industrial Space Available

      Industrial space available for rent in Islandia, New York.
      100 Patco Ct, Islandia, NY 11749
      View Details
    • Contact for pricing
      30,000 SF

      Islandia Office Space Available

      30,000 SF office space with multiple amenities for lease.
      11 Oval Dr, Islandia, NY
      View Details
    • $19 SF/Yr
      1,363 SF

      Islandia Office Space For Rent

      Office space available for lease in Islandia, New York.
      3033 Expressway Dr N , Islandia, NY
      View Details
    • Contact for pricing
      1,100 SF

      Islandia Office Space For Rent

      Well-maintained office suites available in Islandia industrial park.
      163-165 Brg Rd, Islandia, NY
      View Details
    • $19 SF/Yr
      2,764 SF

      Islandia Office Space Available

      2764 square feet of office space for rent.
      3750 Express Dr S, Islandia, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in Islandia, New York.
    Where is this office units located?
    The property is located at 2950 Express Dr S Islandia, NY.
    What are key features of this property?
    This property features: LIE exposure and visibility; 360 degree parking with a generous 5:1 ratio; Enjoy 24 Hour / 7 Day Access
    (631) 435-8100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Craig J. Padover
    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

    Thank You for Inquiry
    2950 Express Dr S, Islandia, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!