Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Self-Storage Facility Under Construction Title is generated by Realmo AI

    1295 Lakeland Ave, Bohemia, NY

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

    Under construction: climate-controlled self-storage facility in Bohemia, NY.

    Type:INDUSTRIAL
    Property size:
    87,155 SF
    Lot size:
    2.06 Acres
    Added:
    Apr 4, 2024
    Days on Market:
    768
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 1295 Lakeland Ave

    General Information

    Standard status
    Active
    Size
    87,155 SF
    Lot size
    2.06 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Mario Vigliotta
    Mario Vigliotta

    Listing agent Mario Vigliotta License #10491210862

    Listing office NAI Long Island

    Listing date Apr 4, 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 NAI Long Island

    HighLights

    • New, state‑of‑the‑art, climate‑controlled self‑storage facility under construction.
    • Boasting a total of 87,155 RSF net rentable area.
    • Located on a 2.59 acre parcel on Lakeland Avenue in Bohemia.
    • Total of 112,494 gross sq. ft. divided among four buildings.
    • Divided among four buildings.
    • Currently under construction.

    Overview

    This 2.59-acre parcel on Lakeland Avenue in Bohemia is currently under construction to become a state-of-the-art, climate-controlled self-storage facility. The development will consist of four buildings with a total gross square footage of 112,494. The net rentable area is 87,155 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Suffolk Storage Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bohemia
    County
    Suffolk
    State
    New York
    Longitude
    -73.1066
    Latitude
    40.7747

    Nearby Similar for Sale

    • $7,550,000

      Bohemia Industrial Building For Sale

      30,800 SF industrial building on 2.02 acres, delivered vacant.
      200 Knickerbocker Avenue, Bohemia, NY 11716
      View Details
    • $1,500,000
      10,000 SF

      Multi-Tenant Building Near Veterans Highway

      10,000 SF multi-tenant building with established medical and administrative tenants.
      3330 Veterans Memorial Hwy, Bohemia, NY 11716
      View Details
    • Contact for pricing
      8,808 SF

      Bohemia Warehouse with Parking

      Well-maintained 8,808 SF warehouse with ample parking.
      50 Keyland Ct, Bohemia, NY
      View Details
    • Contact for pricing
      2,500 SF

      Bohemia Warehouse with Office Space

      2,500 SF warehouse with office, convenient location.
      1531-1563 Lincoln Ave, Bohemia, NY
      View Details
    • $7,016,500
      21,500 SF

      Bohemia Flex Space Available

      Flex space with office/R&D, drive-in, and ample power.
      50 Orville Dr, Bohemia, NY
      View Details
    • Contact for pricing
      10,000 SF

      Renovated Industrial and Office Units

      Immaculate, renovated 10,000 SF building with office and industrial units.
      30 Floyds Run, Bohemia, NY
      View Details
    • Contact for pricing
      27,000 SF

      Bohemia Warehouse with Highway Frontage

      27,000 sq ft warehouse with drive-in and dock access.
      3800 Veterans Memorial Hwy, Bohemia, NY
      View Details
    • $600,000
      5,000 SF

      Turnkey Auto Collision Shop Business

      Profitable auto collision shop business for sale in Bohemia, NY.
      1568 Ocean Ave, Bohemia, NY 11716
      View Details
    • Contact for pricing
      3,200 SF

      Bohemia Flex/Industrial Condo Unit

      Well-maintained 3,200 SF flex/industrial condo for sale.
      100-122 Keyland Ct, Bohemia, NY
      View Details
    • Contact for pricing

      Warehouse-Office Space in Bohemia, NY

      Versatile warehouse and office space with strategic location in Bohemia.
      3800 Veterans Memorial Hwy, Bohemia, NY 11716
      View Details
    • Contact for pricing
      14,080 SF

      Industrial Building in Bohemia, NY

      Multi-occupancy industrial building with separate metering in Bohemia, NY.
      90 Knickerbocker Ave, Bohemia, NY
      View Details
    • Contact for pricing
      1,850 SF

      Industrial Unit in Bohemia

      1,850 SF industrial unit for sale in Bohemia, NY.
      305 Knickerbocker Ave, Bohemia, NY
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Under construction: climate-controlled self-storage facility in Bohemia, NY.
    Where is this self storage facility located?
    The property is located at 1295 Lakeland Ave Bohemia, NY.
    What are key features of this property?
    This property features: New, state‑of‑the‑art, climate‑controlled self‑storage facility under construction.; Boasting a total of 87,155 RSF net rentable area.; Located on a 2.59 acre parcel on Lakeland Avenue in Bohemia.
    (631) 807-6734 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mario Vigliotta
    Mario Vigliotta
    Real Estate License ID: 10491210862
    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

    Thank You for Inquiry
    1295 Lakeland Ave, Bohemia, 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!