Turnkey Ground-Floor Medical Office
For Sale
$999,995
103-8 Nesconset Hwy, East Setauket, NY 11733
Ground-floor, turnkey office suite previously used by a medical practitioner, with possible expansion options.
Property Size2,500 SF
Price / SF$399
Days on Market482
Property Features for 103-8 Nesconset Hwy
General Information
Standard status
Active
Size
2,500 SF
Taxes and HOA fees
Annual Taxes
$15,565
Listing Agency:
Voro LLC
Listed By:
Imtiaz Vesamia
(877) 943-8676
Source:
Exprealty
Added: May 11, 2025
Changed: Aug 21
Last Checked: Sep 4 at 11:55AM
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 Voro LLC
Investment Insights
Based on property information with market context.
This offering presents a turnkey office suite totaling 2,500 square feet, positioned for direct day-to-day use. The space is described as having been previously used by a medical practitioner, and it is offered as either a for-sale opportunity for the right end user or as an NNN lease option for qualified tenants. The layout includes a ground floor unit, designed for easier patient or customer access.
The property is located at 103-8 Nesconset Hwy in East Setauket, New York. Because the suite is on the ground level, access for visitors is intended to be straightforward and convenient, supporting professional uses where clear arrival and entry matter.
For buyers and operators, the space can fit professional medical office needs given its prior use and turnkey presentation. A potential buyer may also consider expanding the space with proper permits, subject to approvals. This makes the property worth evaluating for a medical practice seeking a ready-to-occupy environment, or for those exploring an NNN lease structure for an office use aligned with the suite’s existing configuration.
The property is located at 103-8 Nesconset Hwy in East Setauket, New York. Because the suite is on the ground level, access for visitors is intended to be straightforward and convenient, supporting professional uses where clear arrival and entry matter.
For buyers and operators, the space can fit professional medical office needs given its prior use and turnkey presentation. A potential buyer may also consider expanding the space with proper permits, subject to approvals. This makes the property worth evaluating for a medical practice seeking a ready-to-occupy environment, or for those exploring an NNN lease structure for an office use aligned with the suite’s existing configuration.
Key Highlights
- Approximately 2,500 SF turnkey office suite for sale
- Ground‑floor suite for easier patient/customer access
- Suite 103 previously used by a medical practitioner
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
$42,989
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
4.30%
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%
$859,780
$859.8K
Cap Rate 7%
$614,129
$614.1K
Cap Rate 9%
$477,656
$477.7K
Market Conditions
NOI Build-Up for 2,500 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
$69.9K $27.96/SF
− Vacancy
−$12.6K −$5.03/SF
EGI
$57.3K $22.93/SF
− OpEx
−$14.3K −$5.73/SF
NOI
$43.0K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
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%
$859,780
Cap Rate 7%
$614,129
Cap Rate 9%
$477,656
Alternative Uses
Best Use
Office B
$614.1K
$537.4K – $716.5K
NOI $42,989 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$571.2K
$499.8K – $666.4K
NOI $39,985 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$761.6K
$666.4K – $888.6K
NOI $53,313 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11733, NY
17,967
Population
6,547
Households
2.7
Avg Household Size
46
Median Age
63%
College-Educated
97%
High-School Grad
11.7 sq mi
ZIP Area
1,536
Density / Sq Mi
$174,931
Median Household Income
$76,192
Median Earnings
$2,386
Median Rent
$653,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Just Cats Health Care — 226 N Belle Mead Rd Ste A, Setauket- East Setauket, NY 11733
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor, turnkey office suite previously used by a medical practitioner, with possible expansion options.
Where is this medical office space located?
The property is located at 103-8 Nesconset Hwy East Setauket, NY.
What is the asking price?
The asking price for this property is $999,995.
What are key features of this property?
This property features: Approximately 2,500 SF turnkey office suite for sale; Ground‑floor suite for easier patient/customer access; Suite 103 previously used by a medical practitioner
