Add Listing
    For Lease
    • 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

    5 Hub Dr Melville, NY 11747

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

    Warehouse space for lease in Melville, New York.

    Property size:
    46,665 SF
    Lot size:
    46,665 SF

    Property Features for 5 Hub Dr

    General Information

    Standard status
    Active
    Size
    46,665 SF

    We can help!

    Listing Contact
    Philip Heilpern
    Philip Heilpern
    Source: Cbre

    Listing Agent: Philip Heilpern

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

    Learn more

    Overview

    Melville Warehouse Space Available

    This warehouse property, located in Melville, New York, offers 46665 square feet of space. The property features a 5% office component, 20-foot clear ceiling height, gas heat, and a fully sprinklered environment. Loading is facilitated by 3 docks. The lease term extends through March 31, 2030.
    Location Intelligence

    Current Use by Public Records

    Bi-Lo Distributors Ltd Big Box & Wholesale Store DigIt Signage Technologies ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    Cadogan Tate, Mayflower

    Location Insight

    • Map
    • Local Demand
    City
    Melville
    County
    Suffolk
    State
    New York
    Longitude
    -73.437077
    Latitude
    40.760539

    Nearby Similar for Lease

    • $599 /Mo
      98,001 SF

      Melville Office Space For Rent

      Cost-effective, centrally located office spaces with flexible sizes and amenities.
      25 Melville Park Rd, Melville, NY 11747
      View Details
    • $1,700 /Mo
      9,148 SF

      Route 110 Commercial Space

      Office or commercial space on Route 110 in Melville.
      807 Walt Whitman Rd, Melville, NY 11747
      View Details
    • Sponsored
      Contact for pricing

      NY, Melville - Broadhollow Rd

      Discover many ways to work your way in IA, Cedar Rapids - N River Blvd NE
      555 Broadhollow Rd, Melville, NY 11747
      View Details
    • Contact for pricing

      Melville Broadhollow

      Discover many ways to work your way in 445 Park Avenue
      200 Broadhollow Rd, Melville, NY 11747
      View Details
    • $4,000 /Mo

      Melville Retail or Office Space

      Prime Melville location near Walt Whitman Mall, ideal for various uses.
      675 Walt Whitman Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      123,011 SF

      Renovated Melville Office Building

      Recently renovated 400,000 SF office building with modern amenities.
      3 Huntington Quadrangle, Melville, NY 11747
      View Details
    • $1,700 /Mo

      Melville Office Space For Rent

      Two-room office space available on Route 110 in Melville.
      807 Walt Whitman Rd, Melville, NY 11747
      View Details
    • $4,000 /Mo

      Prime Retail or Office Space

      Newly renovated retail/office space in Melville with high visibility.
      675 Walt Whitman Rd, Melville, NY 11747
      View Details
    • $599 /Mo

      Cost-Effective Melville Office Spaces

      Centrally located office spaces available for rent, starting at $599.
      25 Melville Park Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      5,505 SF

      Renovated Office Building For Rent

      Fully renovated office building with cafe and highway access.
      275 Broadhollow Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      3,369 SF

      Melville Office Space For Rent

      Office space with modern amenities and ample parking available for lease.
      145 Pinelawn Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      1,895 SF

      Melville Office Space For Rent

      Office space with modern amenities and ample parking.
      155 Pinelawn Rd, Melville, NY 11747
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space for lease in Melville, New York.
    Where is this warehouse located?
    The property is located at 5 Hub Dr Melville, NY.
    What are key features of this property?
    This property features: - Lease term through March 31, 2030; - Benefit from **three loading docks** for efficient operations; - **20’ clear ceiling height** offers ample vertical storage space
    (631) 370-6080
    Request Owner's contact information
    5 Hub Dr Melville, NY 11747
    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.
    5 Hub Dr
    Melville, NY 11747
    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
    5 Hub Dr Melville, NY 11747
    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!
    Listing Contact
    Philip Heilpern
    Philip Heilpern
    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!