Industrial
For Sale
$14,000,000
122 Railroad Avenue, Center Moriches, NY 11934
Access is provided from Moriches Bypass through Railroad Avenue.
Property Size55,000 SF
Days on Market9
Property Features for 122 Railroad Avenue
General Information
Standard status
Active
Size
55,000 SF
Net Operating Income
$334,220
Taxes and HOA fees
Annual Taxes
$54,399
Amenities
Other
Building Details
Building Size
55,000 SF
Listing Agency:
(631) 394-0733
Listed By:
Todd Romano CBR
(631) 394-0733
Source:
Evrealestate
Added: Aug 2
Changed: Aug 5
Last Checked: Aug 10 at 3:50AM
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 Todd Romano CBR
Investment Insights
Based on property information with market context.
This industrial property is located at 122 Railroad Avenue in Center Moriches, Suffolk County, New York. Interior features are listed as none.
Access to the property follows Moriches Bypass to Railroad Avenue and then to number 122.
Access to the property follows Moriches Bypass to Railroad Avenue and then to number 122.
Key Highlights
- 122 Railroad Avenue, Center Moriches, NY 11934
- Access via Moriches Bypass to Railroad Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$780,872
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,617,440
$15.6M
Cap Rate 7%
$11,155,314
$11.2M
Cap Rate 9%
$8,676,356
$8.7M
Market Conditions
NOI Build-Up for 55,000 SF
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.
Gross rent
$1.19M $21.60/SF
− Vacancy
−$72.5K −$1.32/SF
EGI
$1.12M $20.28/SF
− OpEx
−$334.7K −$6.08/SF
NOI
$780.9K $14.20/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,617,440
Cap Rate 7%
$11,155,314
Cap Rate 9%
$8,676,356
Alternative Uses
Best Use
Industrial
$11.16M
$9.76M – $13.01M
NOI $780,872 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.76M
$14.66M – $19.55M
NOI $1,172,889 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 11934, NY
8,364
Population
2,819
Households
3
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
1,521
Density / Sq Mi
$154,588
Median Household Income
$72,237
Median Earnings
$1,853
Median Rent
$556,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Access is provided from Moriches Bypass through Railroad Avenue.
Where is this industrial property located?
The property is located at 122 Railroad Avenue Center Moriches, NY.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 122 Railroad Avenue, Center Moriches, NY 11934; Access via Moriches Bypass to Railroad Avenue
