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    Two-Building Office Plaza Title is generated by Realmo AI

    Jericho Plaza 1 & 2, Jericho, NY 11753

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    Well-appointed office campus with renovated common areas, conference facilities, and direct expressway access.

    Type:Office
    Property size:
    102,655 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:50 am

    Property Features for Jericho Plaza 1 & 2

    General Information

    Standard status
    Active
    Size
    102,655 SF
    Property subtype
    Office

    Properties For Sale

    at Jericho Plaza 1 & 2 Contact us

    We can help!

    Listing Contact
    Chris Wittmann
    Chris Wittmann

    Listing agent Chris Wittmann

    Listing office Lincoln Property Company | New York City

    Listing date Jun 2, 2026

    Source Lpc

    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 Lincoln Property Company | New York City

    HighLights

    • Two‑building, three‑story office campus at Jericho Plaza
    • Completely renovated lobbies, conference center, common areas, elevator cabs, and restrooms
    • Concierge and 24‑hour security desks with on‑site property management
    • Direct access from Exit 40E of the LIE (Long Island Expressway)
    • Tenant‑only fitness center and newly renovated full‑service café
    • 1.1/1,000 SF surface parking ratio

    Overview

    1 & 2 Jericho Plaza is a two-building, three-story office campus designed for modern workplace needs. The property features completely renovated lobbies, upgraded common areas, conference center space, and refreshed restroom facilities, along with elevator cab service throughout. In addition to on-site support, the buildings include concierge and 24-hour security desks, a tenant-only fitness center, and a full-service café within the property.

    The campus is positioned for ease of arrival and commuting, with direct access from Exit 40E of the Long Island Expressway (I-495). On-site property management is available, and the property includes surface parking with a stated 1.1 per 1,000 SF parking ratio.

    For tenants, this configuration supports a wide range of professional office users that value finished common areas, on-site amenity offerings, and straightforward access to a major roadway. For buyers, the combination of renovated infrastructure, controlled building services, and an established office presentation makes the property well-suited for continued office use and future leasing programs.
    Location Intelligence

    Current Use by Public Records

    Easy Insurance Agency ... Insurance Agency American Insurance NY Insurance Agency Kennis Tong Financial Advisor Gallagher Insurance, Risk ... Insurance Agency Kintetsu World Express ... Freight Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jericho
    County
    Nassau
    State
    New York
    Longitude
    -73.5462649
    Latitude
    40.7861205

    FAQs

    What type of property is this?
    Office building - Well-appointed office campus with renovated common areas, conference facilities, and direct expressway access.
    Where is this office building located?
    The property is located at Jericho Plaza 1 & 2 Jericho, NY.
    What are key features of this property?
    This property features: Two‑building, three‑story office campus at Jericho Plaza; Completely renovated lobbies, conference center, common areas, elevator cabs, and restrooms; Concierge and 24‑hour security desks with on‑site property management
    (212) 752-1041
    We can help!
    Listing Contact
    Chris Wittmann
    Chris Wittmann
    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.

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