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

    289 E Main St Smithtown, NY 11787

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,676 SF medical office on 2.73 acres.

    Property size:
    5,676 SF
    Lot size:
    2.27 Acres

    Property Features for 289 E Main St

    General Information

    Size
    5,676 SF
    Lot size
    2.27 Acres

    We can help!

    Listing Contact
    Jack Jawdat
    Jack Jawdat
    Source: Moodyscre

    Listing Agency: New York Commercial Real Estate Listing Agent: Jack Jawdat

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Building For Sale

    This 5,676 square foot building is situated on a 2.73-acre lot and is zoned for medical office use. The property features ample parking and is serviced by PSEG for electricity. The building is equipped with gas heating and air conditioning. Sewer services are provided by a septic system. The property's tax map number is 0803-003.000-0003-008.001, and the annual taxes are $22,626.59. The building is in good condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Animal Hospital of Nesconset Dr. Mary Leister

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.1767988
    Latitude
    40.8550713

    Nearby Similar for Sale

    • $899,991

      Versatile Commercial Building in Smithtown

      Upgraded commercial building in Smithtown, ideal for investors or business.
      47 W Main St, Smithtown, NY 11787
      View Details
    • $739,000
      Pending

      Smithtown Commercial Investment Opportunity

      Commercial property in Smithtown, suitable for investment or owner-occupancy.
      12 Manor Rd, Smithtown, NY 11787
      View Details
    • $930,000
      1,750 SF

      Renovated Freestanding Corner Building on 25A

      Completely renovated corner building with high visibility and smart technology.
      1221 Route 25A, Smithtown, NY 11787
      View Details
    • $224,999
      2,800 SF

      Established Auto Repair Business Opportunity

      Full-service auto repair and sales business in Smithtown, NY.
      974 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $349,999
      2,400 SF

      Established Auto Repair Business For Sale

      25-year auto repair business with 2000 customers in Smithtown, NY.
      988 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $899,999
      5,239 SF

      Main Street Mixed-Use Opportunity

      Thriving Smithtown mixed-use property with high visibility and growth potential.
      47 W Main St, Smithtown, NY 11787
      View Details
    • $2,500,000
      Pending

      Smithtown Medical Imaging Facility

      State-of-the-art medical imaging building with MRI and radiology suites.
      987 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $750,000

      Prime Retail Location in Smithtown

      Dynamic retail space in the heart of Smithtown for sale.
      117 E Main St, Smithtown, NY 11787
      View Details
    • $899,000
      Pending

      Commercial Property with Income Potential

      Two-structure commercial property with retail, office, and storage spaces.
      950 W Jericho Tpke, Smithtown, NY 11787
      View Details
    • $739,000
      Pending

      Office/Medical Investment Opportunity

      Office property with tenant income and owner-user potential.
      12 Manor Rd, Smithtown, NY 11787
      View Details
    • $1,300,000

      Retail Property in Smithtown, NY

      Located near St Catherine Hospital and Smithtown Landing Country Club.
      1217 25A N, Smithtown, NY 11787
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 5,676 SF medical office on 2.73 acres.
    Where is this medical office space located?
    The property is located at 289 E Main St Smithtown, NY.
    What are key features of this property?
    This property features: - 5,676 SF Building ideal for medical office use; - Situated on a spacious 2.73 Acre Lot; - Zoning permits Medical Office operations
    (631) 656-0360 Call to check price and availability
    Request Owner's contact information
    289 E Main St Smithtown, NY 11787
    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.
    289 E Main St
    Smithtown, NY 11787
    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
    289 E Main St Smithtown, NY 11787
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Jawdat
    Jack Jawdat
    (631) 656-0360 (631) 838-8788
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!