Industrial Flex
For Sale
Contact for pricing
131 Akron St, Lindenhurst, NY 11757
Gated industrial facility with drive-in access, fenced yard space, and dedicated utility infrastructure.
Property Size14,800 SF
Lot Size0.63 Acres
Price / SF$195.95
Days on Market150
Property Features for 131 Akron St
General Information
Standard status
Active
Size
14,800 SF
Lot size
0.63 Acres
Property subtype
Industrial
Zoning
Industrial
Lease Type
Gross
Investment Type
Owner/User
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
14,800 SF
Drive-In Doors
6
Power
400 amps
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Gross Income
$96,000
Building Details
Tenancy
Single
Building Size
14,800 SF
Listing Agency:
Douglas Elliman Commercial Division
(631) 858-2405
Listed By:
Michael Murphy · License #NY 10491211076
Source:
Crexi
Added: Apr 4
Changed: Aug 30
Last Checked: Aug 31 at 1:46PM
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 Commercial Division
Investment Insights
Based on property information with market context.
This industrial flex facility contains approximately 14,800 square feet on a 0.63-acre parcel. The building is configured for industrial, storage, and distribution uses, with six roll-up drive-in doors, 400 amps of three-phase electric, gas and oil service, forced hot-air heating, and central air conditioning. The roof is approximately 10 years old.
A gated, fenced yard provides on-site parking and outdoor storage areas. The property is occupied by a long-term tenant with 2 years remaining on the current lease. Located on Akron Street in Lindenhurst’s industrial area, the facility is close to the Lindenhurst LIRR station and positioned between Sunrise Highway (Route 27) and Montauk Highway (Route 27A), just off W. Hoffman Avenue.
A gated, fenced yard provides on-site parking and outdoor storage areas. The property is occupied by a long-term tenant with 2 years remaining on the current lease. Located on Akron Street in Lindenhurst’s industrial area, the facility is close to the Lindenhurst LIRR station and positioned between Sunrise Highway (Route 27) and Montauk Highway (Route 27A), just off W. Hoffman Avenue.
Key Highlights
- Approximately 14,800 square feet on 0.63 acres
- Six roll‑up drive‑in doors
- 400 amps of three‑phase electric
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
$226,802
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
7.82%
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%
$4,536,040
$4.5M
Cap Rate 7%
$3,240,029
$3.2M
Cap Rate 9%
$2,520,022
$2.5M
Market Conditions
NOI Build-Up for 14,800 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
$284.2K $19.20/SF
− Vacancy
−$17.3K −$1.17/SF
EGI
$266.8K $18.03/SF
− OpEx
−$40.0K −$2.70/SF
NOI
$226.8K $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%
$4,536,040
Cap Rate 7%
$3,240,029
Cap Rate 9%
$2,520,022
Alternative Uses
Best Use
Warehouse
$3.24M
$2.84M – $3.78M
NOI $226,802 @ 7.0% cap · market cap 7.82%
Second Best
Industrial
$3.00M
$2.63M – $3.50M
NOI $210,126 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$4.51M
$3.95M – $5.26M
NOI $315,614 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Gated industrial facility with drive-in access, fenced yard space, and dedicated utility infrastructure.
Where is this flex space located?
The property is located at 131 Akron St Lindenhurst, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Approximately 14,800 square feet on 0.63 acres; Six roll‑up drive‑in doors; 400 amps of three‑phase electric
