Flex Space With
For Sale
$2,200,000
669 Sunrise Hwy, West Babylon, NY 11704
Flexible commercial building combines showroom and warehouse areas with drive-in loading access.
Property Size11,000 SF
Lot Size0.35 Acres
Price / SF$200
Days on Market46
Property Features for 669 Sunrise Hwy
General Information
Standard status
Active
Size
11,000 SF
Class
C
Total Parking Spaces
20
Lot size
0.35 Acres
Property subtype
industrial
Zoning
EB Business District
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
5,600 SF
Drive-In Doors
2
Building Details
Year Renovated
2019
Buildings
1
Building Size
11,000 SF
Listing Agency:
New York
(610) 955-8617
Listed By:
Jim McCahon · License #10401265475
(610) 955-8617
Source:
Property.jll
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 12:52AM
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 New York
Investment Insights
Based on property information with market context.
This 11,000-square-foot flex property at 669 Sunrise Hwy includes approximately 5,400 square feet of showroom area and 5,600 square feet of warehouse space. The building occupies 0.35 acres and features an 18-foot warehouse ceiling height to the deck, a 12-foot showroom ceiling, and a roof replaced in 2019.
Loading is supported by two drive-in doors measuring 14 by 14 feet and 12 by 12 feet. The property also provides a parking lot for approximately 15 to 20 cars. Located in West Babylon, NY, the building is within the Town of Babylon’s EB Business District.
Loading is supported by two drive-in doors measuring 14 by 14 feet and 12 by 12 feet. The property also provides a parking lot for approximately 15 to 20 cars. Located in West Babylon, NY, the building is within the Town of Babylon’s EB Business District.
Key Highlights
- 11,000 SF flex building on 0.35 acres
- Approximately 5,400 SF showroom and 5,600 SF warehouse
- Two drive‑in doors: 14 x 14 and 12 x 12
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
$168,569
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
7.66%
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%
$3,371,380
$3.4M
Cap Rate 7%
$2,408,129
$2.4M
Cap Rate 9%
$1,872,989
$1.9M
Market Conditions
NOI Build-Up for 11,000 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
$211.2K $19.20/SF
− Vacancy
−$12.9K −$1.17/SF
EGI
$198.3K $18.03/SF
− OpEx
−$29.7K −$2.70/SF
NOI
$168.6K $15.32/SF
Area
Babylon, 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%
$3,371,380
Cap Rate 7%
$2,408,129
Cap Rate 9%
$1,872,989
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.12M
NOI $247,078 @ 7.0% cap · market cap 11.23%
Second Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,569 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$5.84M
$5.11M – $6.81M
NOI $408,672 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11704, NY
40,367
Population
13,406
Households
3
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.9 sq mi
ZIP Area
5,110
Density / Sq Mi
$127,034
Median Household Income
$55,098
Median Earnings
$2,089
Median Rent
$485,400
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 - Flexible commercial building combines showroom and warehouse areas with drive-in loading access.
Where is this flex space located?
The property is located at 669 Sunrise Hwy West Babylon, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 11,000 SF flex building on 0.35 acres; Approximately 5,400 SF showroom and 5,600 SF warehouse; Two drive‑in doors: 14 x 14 and 12 x 12
