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    32 Chichester Ave Center Moriches, NY 11934

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    For Lease
    $20 SF/Yr

    Warehouse space for lease with flexible configurations.

    Type:Industrial
    Property size:
    4,830 SF
    Added:
    Apr 26, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 26 at 12:55 am

    Property Features for 32 Chichester Ave

    General Information

    Standard status
    Active
    Size
    4,830 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Nick Messina
    Nick Messina

    Listing agent Nick Messina License #10401241235

    Listing office Douglas Elliman Real Estate

    Listing date Apr 26, 2026

    Source Elliman

    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

    Overview

    Versatile Warehouse Space Available

    This property offers warehouse space for lease, with a total area of 1,830 square feet. An additional 3,000 square feet is also available, and the spaces can be leased separately or combined to create a total of 4,830 square feet. Each unit includes a private bathroom. Ramp access can be added if required. The property is zoned L1, making it suitable for a variety of light industrial and commercial uses. The rent includes real estate taxes and insurance. The tenant is responsible for CAM charges. Additional office space is available in the adjacent building, ranging from 1,161 to 5,329 square feet. Yard space and additional parking are available upon request. The location has a walk score of 56, indicating it is somewhat walkable, and a bike score of 43, meaning it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Land Air Water ... Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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

    • Orchard Creek Marina — 57 Ocean Ave, Center Moriches, NY 11934
    • BD Industrial Park LLC — 147 N Clinton St, Center Moriches, NY 11934

    Location Insight

    • Map
    • Local Demand
    City
    Center Moriches
    County
    Suffolk
    State
    New York
    Longitude
    -72.796892
    Latitude
    40.804301

    Nearby Similar for Lease

    • $20 SF/Yr

      Warehouse Space For Lease

      Warehouse space for lease, suitable for light industrial and commercial uses.
      32 Chichester Avenue, Center Moriches, NY 11934
      View Details
    • $25 SF/Yr

      Flexible Commercial Space Available

      L1 zoned office suites available for lease in Center Moriches.
      32 Office Space Chichester Avenue, Center Moriches, NY 11934
      View Details
    • $700/Mo

      Office Space with Shared Amenities

      Office space for rent with shared conference and reception.
      373 Main St, Center Moriches, NY 11934
      View Details
    • $700/Mo

      Main Street Office Space Available

      Office units for rent on Main Street with utilities included.
      377 Main St, Center Moriches, NY, 11934-3524
      View Details
    • $19 SF/Yr

      Colonial Style Retail Space

      Retail space available in colonial style shopping center.
      760 Main St, Center Moriches, NY
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space for lease with flexible configurations.
    Where is this warehouse located?
    The property is located at 32 Chichester Ave Center Moriches, NY.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Flexible Space: 1,830 SF, with up to 4,830 SF available by combining units.; L1 Zoning: Suitable for a variety of light industrial and commercial uses.; Rent Includes: Real estate taxes and insurance are included in the rent.
    (631) 767-1424
    We can help!
    Listing Contact
    Nick Messina
    Nick Messina
    Real Estate License ID: 10401241235
    Learn More
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    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
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