Prime Medical Office
For Sale
Contact for pricing
Pending
125 MINEOLA AVE, Roslyn Heights, NY 11577
Medical office spaces in affluent Long Island communities.
Property Size27,324 SF
Days on Market163
Property Features for 125 MINEOLA AVE
General Information
Standard status
Pending
Size
27,324 SF
Total Parking Spaces
53
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$1,034,381
Building Details
Year Built
1965
Stories
3
Units
53
Tenancy
Single
Listing Agency:
CBRE - Healthcare Capital Markets
Listed By:
Jaime Jones Vantsa · License #100103493
Source:
Crexi
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 2 at 8:37PM
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 CBRE - Healthcare Capital Markets
Investment Insights
Based on property information with market context.
Located in Roslyn Heights, a hamlet in the Town of North Hempstead in Nassau County, this property offers a location in an affluent Long Island community. The area has a population of over 6,700 residents and highly rated public schools. The population is steadily growing, indicating a rising demand for local services. In 2023, individuals within a 3-mile radius spent more than $463.5 million on healthcare expenditures. The Western Nassau submarket has over 8 million square feet of office inventory across 99 properties and an 11.2% availability rate. The property provides immediate access to I-495 and the Northern State Parkway, which connects Long Island and provides access to Manhattan and the greater Tri-State area.
Key Highlights
- Strategic location with exceptional connectivity to major roadways like I‑495 and Northern State Parkway, providing easy access to Long Island, Manhattan, and the greater Tri‑State area.
- Several properties benefit from high daily traffic counts, offering excellent exposure for businesses.
- Strong healthcare spending within a 3‑mile radius of some properties indicates a robust demand for healthcare services.
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
$479,365
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
3.24%
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%
$9,587,300
$9.6M
Cap Rate 7%
$6,848,071
$6.8M
Cap Rate 9%
$5,326,278
$5.3M
Market Conditions
NOI Build-Up for 27,324 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
$927.9K $33.96/SF
− Vacancy
−$129.0K −$4.72/SF
EGI
$798.9K $29.24/SF
− OpEx
−$319.6K −$11.70/SF
NOI
$479.4K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
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%
$9,587,300
Cap Rate 7%
$6,848,071
Cap Rate 9%
$5,326,278
Alternative Uses
Best Use
Healthcare Medical
$6.85M
$5.99M – $7.99M
NOI $479,365 @ 7.0% cap · market cap 3.24%
Second Best
Office B
$6.71M
$5.87M – $7.83M
NOI $469,847 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$18.07M
$15.81M – $21.08M
NOI $1,264,623 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11577, NY
12,695
Population
4,453
Households
2.9
Avg Household Size
44
Median Age
68%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
4,232
Density / Sq Mi
$183,233
Median Household Income
$91,292
Median Earnings
$2,037
Median Rent
$945,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office spaces in affluent Long Island communities.
Where is this medical office space located?
The property is located at 125 MINEOLA AVE Roslyn Heights, NY.
What is the asking price?
The asking price for this property is $14,775,000.
What are key features of this property?
This property features: Strategic location with exceptional connectivity to major roadways like I‑495 and Northern State Parkway, providing easy access to Long Island, Manhattan, and the greater Tri‑State area.; Several properties benefit from high daily traffic counts, offering excellent exposure for businesses.; Strong healthcare spending within a 3‑mile radius of some properties indicates a robust demand for healthcare services.
