Freestanding Medical Office
For Sale
$2,950,000
325 W Park Ave, Long Beach, NY 11561
Single-story office/medical layout with treatment rooms and ample on-site parking for patient and client access.
Property Size5,084 SF
Lot Size0.23 Acres
Price / SF$580.25
Days on Market84
Property Features for 325 W Park Ave
General Information
Standard status
Active
Size
5,084 SF
Total Parking Spaces
10
Lot size
0.23 Acres
Property subtype
Commercial
Additional Details
Traffic Count
28,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$51,717
Building Details
Building Size
5,084 SF
Year Built
1957
Stories
1
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Tamta Gigilashvili · License #10401363424
(646) 696-0309
Source:
Elliman
Added: Jun 13
Changed: Sep 3
Last Checked: Sep 2 at 8:02PM
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
Investment Insights
Based on property information with market context.
This freestanding single-story professional office/medical building offers 5,084 square feet of practical space designed for client-facing operations. The interior includes multiple private offices, treatment rooms, reception areas, conference space, waiting areas, and restrooms, creating a workable flow for medical, dental, wellness, and other professional services. The building is equipped with central air conditioning and forced-air heating to support year-round comfort.
The property is located on Park Avenue, described as one of Long Beach’s main commercial corridors with more than 28,000 vehicles passing daily. It also features abundant parking with 10+ on-site spaces plus ample street parking in front of the building and throughout the surrounding area. The location is positioned less than half a mile from the Long Beach LIRR Station and is surrounded by established businesses, retail centers, restaurants, and residential neighborhoods.
With a client-ready layout and straightforward parking, the property can fit a range of service-oriented users seeking a dedicated building rather than shared space. The combination of reception, waiting, and treatment areas supports medical and wellness uses, while the multiple offices and conference space also support traditional professional office needs.
The property is located on Park Avenue, described as one of Long Beach’s main commercial corridors with more than 28,000 vehicles passing daily. It also features abundant parking with 10+ on-site spaces plus ample street parking in front of the building and throughout the surrounding area. The location is positioned less than half a mile from the Long Beach LIRR Station and is surrounded by established businesses, retail centers, restaurants, and residential neighborhoods.
With a client-ready layout and straightforward parking, the property can fit a range of service-oriented users seeking a dedicated building rather than shared space. The combination of reception, waiting, and treatment areas supports medical and wellness uses, while the multiple offices and conference space also support traditional professional office needs.
Key Highlights
- Freestanding single‑story office/medical building built in 1957 with 5,084 SF of professional space
- Multiple private offices, treatment rooms, reception areas, conference space, waiting areas, and restrooms
- Equipped with central air conditioning and forced‑air heating
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
$89,192
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
3.02%
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%
$1,783,840
$1.8M
Cap Rate 7%
$1,274,171
$1.3M
Cap Rate 9%
$991,022
$991.0K
Market Conditions
NOI Build-Up for 5,084 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
$172.7K $33.96/SF
− Vacancy
−$24.0K −$4.72/SF
EGI
$148.7K $29.24/SF
− OpEx
−$59.5K −$11.70/SF
NOI
$89.2K $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%
$1,783,840
Cap Rate 7%
$1,274,171
Cap Rate 9%
$991,022
Alternative Uses
Best Use
Healthcare Medical
$1.27M
$1.11M – $1.49M
NOI $89,192 @ 7.0% cap · market cap 3.02%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,421 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.92M
NOI $235,300 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11561, NY
39,132
Population
18,442
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
9,783
Density / Sq Mi
$132,903
Median Household Income
$72,221
Median Earnings
$2,462
Median Rent
$676,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story office/medical layout with treatment rooms and ample on-site parking for patient and client access.
Where is this medical office space located?
The property is located at 325 W Park Ave Long Beach, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Freestanding single‑story office/medical building built in 1957 with 5,084 SF of professional space; Multiple private offices, treatment rooms, reception areas, conference space, waiting areas, and restrooms; Equipped with central air conditioning and forced‑air heating
