Mineola Office Unit For
126 3rd St Mineola, NY 11501
126 3rd St, Mineola, NY, 11501
$945,000
For Sale
$945,000
Office unit with 3,150 square feet of space.
Property Size3,150 SF
Price / SF$300
Days on Market95
Property Features for 126 3rd St
General Information
- Standard status
- Active
- Size
- 3,150 SF
- Property subtype
- office
Listing Agency
Melville
(631) 962-7384
Listed by
Joseph Lopresti · License #40LO0967062
(631) 962-7384
Source
Property.jll
Added: Apr 15 Checked: Jul 17 at 3:06 am
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 Melville
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office unit with a total area of 3,150 square feet. Located in Mineola, NY, the property is suitable for office use.
Key Highlights
- 3,150 square feet of office space
Local 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 | $88.1k | $27.96 |
| − Vacancy | −$15.9k | −$5.03 |
| EGI | $72.2k | $22.93 |
| − OpEx | −$18.1k | −$5.73 |
| NOI | $54.2k | $17.20 |
3,150 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$773.8K
$677.1K – $902.8K
NOI $54,166 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,790 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office unit with 3,150 square feet of space.
Where is this office units located?
The property is located at 126 3rd St Mineola, NY.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 3,150 square feet of office space
