Melville Office Building For
135 Maxess Road Melville, NY 11747
For Sale
$5,200,000
Office building in Melville Business Corridor with ample parking.
Property Size24,338 SF
Price / SF$213.66
Days on Market123
Property Features for 135 Maxess Road
General Information
- Standard status
- Active
- Size
- 24,338 SF
- Property subtype
- Office
Properties For Sale
at 135 Maxess Road Contact us
Listing Agency:
(631) 370-6052
Listed By:
Paul Leone
(631) 370-6052
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 2:47AM
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 Paul Leone
Investment Insights
Based on property information with market context.
This commercial property is located in the heart of the Melville Business Corridor, offering convenient access to the Long Island Expressway. The building features a substantial amount of windowed office space or open workspace. Building signage is available. Elevator and ADA access are provided. The property includes a 4:1 parking ratio and covered parking. A new 5.2” R30 Poly ISO roof was installed in 2021 and comes with a 20-year Golden Seal Total System Warranty. A new HVAC system services all three floors. The property has a size of 24,338 square feet.
Key Highlights
- Located in the heart of the Melville Business Corridor, offering a prime business location.
- Seconds from Long Island Expressway, providing exceptional accessibility.
- New HVAC system to service all three floors.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $680.5k | $27.96 |
| − Vacancy | −$122.5k | −$5.03 |
| EGI | $558.0k | $22.93 |
| − OpEx | −$139.5k | −$5.73 |
| NOI | $418.5k | $17.20 |
24,338 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.98M
$5.23M – $6.98M
NOI $418,502 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.41M
$6.49M – $8.65M
NOI $519,014 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Office building in Melville Business Corridor with ample parking.
Where is this office building located?
The property is located at 135 Maxess Road Melville, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Located in the heart of the Melville Business Corridor, offering a prime business location.; Seconds from Long Island Expressway, providing exceptional accessibility.; New HVAC system to service all three floors.
