Industrial Warehouse with
For Sale
$1,500,000
96 Nassau Rd, Roosevelt, NY 11575
Freestanding industrial warehouse with mezzanine office and loading dock.
Property Size7,425 SF
Lot Size0.15 Acres
Price / SF$202.02
Days on Market152
Property Features for 96 Nassau Rd
General Information
Standard status
Active
Size
7,425 SF
Lot size
0.15 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$27,039
Building Details
Building Size
7,425 SF
Year Built
1959
Stories
2
Units
1
Listing Agency:
Douglas Elliman Real Estate
(516) 984-5596
Listed By:
Charles Maione · License #30MA0969498
(516) 984-5596
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
The property features a one and part two-story freestanding industrial warehouse building with approximately 7,425 square feet of gross building area. This includes an estimated 1,800 square feet of second-floor mezzanine space suitable for office and storage. The warehouse is equipped with a 14-foot roll-up door and a loading dock. It has 400 amp 240 Volt 3-Phase Electric power. The building includes a 1-ton crane with a 50-foot span and height ranging from 10 to 14 feet. The ceilings are 18 feet high, and LED lighting is installed throughout. Natural light is enhanced by two skylights and southern window exposure. The property has three heating units and one AC unit.
Key Highlights
- 7,425 sq ft industrial warehouse with 1,800 sq ft mezzanine office/storage
- Loading dock with 14 ft roll‑up door
- 400 amp 240 Volt 3‑Phase Electric
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
$129,032
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
8.60%
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%
$2,580,640
$2.6M
Cap Rate 7%
$1,843,314
$1.8M
Cap Rate 9%
$1,433,689
$1.4M
Market Conditions
NOI Build-Up for 7,425 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
$163.1K $21.96/SF
− Vacancy
−$11.3K −$1.52/SF
EGI
$151.8K $20.44/SF
− OpEx
−$22.8K −$3.07/SF
NOI
$129.0K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
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%
$2,580,640
Cap Rate 7%
$1,843,314
Cap Rate 9%
$1,433,689
Alternative Uses
Best Use
Warehouse
$1.84M
$1.61M – $2.15M
NOI $129,032 @ 7.0% cap · market cap 8.60%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,262 @ 7.0% cap · market cap 7.08%
Theoretical Best
Specialty Retail
$4.91M
$4.30M – $5.73M
NOI $343,648 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11575, NY
18,048
Population
4,597
Households
3.9
Avg Household Size
35
Median Age
28%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
10,027
Density / Sq Mi
$133,534
Median Household Income
$41,477
Median Earnings
$2,579
Median Rent
$457,100
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?
Warehouse - Freestanding industrial warehouse with mezzanine office and loading dock.
Where is this warehouse located?
The property is located at 96 Nassau Rd Roosevelt, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,425 sq ft industrial warehouse with **1,800 sq ft mezzanine office/storage**; Loading dock with 14 ft roll‑up door; 400 amp 240 Volt 3‑Phase Electric
