Industrial Warehouse with Two
For Sale
Contact for pricing
127 Brightside Ave, Central Islip, NY 11722
Industrial warehouse offering 8,000 SF, two drive-in bays, one loading dock, and 16-foot clearance.
Property Size8,000 SF
Price / SF$224.88
Days on Market204
Property Features for 127 Brightside Ave
General Information
Standard status
Active
Size
8,000 SF
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Highway Access
Yes
Listing Agency:
SVN | Stora Realty
(646) 389-2305
Listed By:
Steven M. Stoehrer · License #31ST1012361
(646) 389-2305
Source:
Moodyscre
Added: Jan 16
Changed: Jul 28
Last Checked: Jul 28 at 1:29PM
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 SVN | Stora Realty
Investment Insights
Based on property information with market context.
This industrial warehouse includes 8,000 square feet of versatile space with two drive-in bays and one loading dock. The facility offers 16-foot clearance under steel. An additional 500-square-foot building is located on the site, and it is not included in the stated total square footage. The property is currently occupied by Central Scrap Metal Corp. using the 8,000 square feet.
The site is positioned near other industrial uses with easy access to area parkways and the Long Island Expressway. It is also centrally located between New York City and Long Island, approximately 1.4 miles from the Brentwood train station on the Long Island Railroad.
Overall, the improvements support straightforward warehouse and light industrial logistics with multiple vehicle access points and clear height suitable for standard distribution and storage operations.
The site is positioned near other industrial uses with easy access to area parkways and the Long Island Expressway. It is also centrally located between New York City and Long Island, approximately 1.4 miles from the Brentwood train station on the Long Island Railroad.
Overall, the improvements support straightforward warehouse and light industrial logistics with multiple vehicle access points and clear height suitable for standard distribution and storage operations.
Key Highlights
- 8,000 SF industrial warehouse currently occupied by Central Scrap Metal Corp.
- Two drive‑in bays plus one loading dock.
- 16‑foot clearance under steel.
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
$122,596
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
6.81%
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%
$2,451,920
$2.5M
Cap Rate 7%
$1,751,371
$1.8M
Cap Rate 9%
$1,362,178
$1.4M
Market Conditions
NOI Build-Up for 8,000 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
$153.6K $19.20/SF
− Vacancy
−$9.4K −$1.17/SF
EGI
$144.2K $18.03/SF
− OpEx
−$21.6K −$2.70/SF
NOI
$122.6K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
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%
$2,451,920
Cap Rate 7%
$1,751,371
Cap Rate 9%
$1,362,178
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,596 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,602 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11722, NY
37,491
Population
10,824
Households
3.5
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
7.0 sq mi
ZIP Area
5,356
Density / Sq Mi
$110,365
Median Household Income
$42,424
Median Earnings
$2,094
Median Rent
$407,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Marko Storage Facility — 1090 County Rd 100, Brentwood, NY 11717
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offering 8,000 SF, two drive-in bays, one loading dock, and 16-foot clearance.
Where is this warehouse located?
The property is located at 127 Brightside Ave Central Islip, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 8,000 SF industrial warehouse currently occupied by Central Scrap Metal Corp.; Two drive‑in bays plus one loading dock.; 16‑foot clearance under steel.
