Renovated Flex
14 3RD ST Ronkonkoma, NY 11772
14 3RD ST, Ronkonkoma, NY, 11772
$629,000
For Sale
$629,000
Renovated 2024 flex warehouse with multiple garage doors, office space, and three-zone sprinkler system.
Property Size2,700 SF
Price / SF$232.96
Days on Market299
Property Features for 14 3RD ST
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Mixed Use
Listing Agency
Realty Connect USA L I Inc
(631) 375-1172
Listed by
Donna Bermas Oakley · License #40BE0939940
(631) 375-1172
Source
Xome
Added: Sep 26, 2025 Updated: Jul 20 at 4:49 pm Checked: Jul 21 at 3:12 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 Realty Connect USA L I Inc
Investment Insights
Based on property information with market context.
This renovated 2024 flex warehouse is suited for a business needing both storage and dedicated workspace. The layout includes multiple warehouse/storage garage doors, a large employee work area with desk space, an office for the boss, conference rooms, and a kitchen. The property also provides two half bathrooms. Interior and systems updates completed in 2024 include attic fans, ductless A/C units, a propane heating setup with a Navien system, a three-zone sprinkler system, and improvements to the roof, gutters, windows, bathrooms, kitchen, floors, walls, and doors.
The property has two driveways—one serving the office and a shared driveway serving the warehouse area.
For buyers seeking a move-in-ready warehouse/storage facility with built-in office and meeting space, this property combines updated building systems with a functional mixed-use layout.
The property has two driveways—one serving the office and a shared driveway serving the warehouse area.
For buyers seeking a move-in-ready warehouse/storage facility with built-in office and meeting space, this property combines updated building systems with a functional mixed-use layout.
Key Highlights
- Totally renovated in 2024, including roof, gutters, windows, bathrooms, kitchen, floors, walls, and doors
- Flex/warehouse setup with 3–12 ft garage doors for warehouse and storage access
- Office and employee areas include a boss office, conference rooms, and a large work area for employees/desks
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 | $75.5k | $27.96 |
| − Vacancy | −$13.6k | −$5.03 |
| EGI | $61.9k | $22.93 |
| − OpEx | −$15.5k | −$5.73 |
| NOI | $46.4k | $17.20 |
2,700 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 7.38%
Second Best
Warehouse
$591.1K
$517.2K – $689.6K
NOI $41,376 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,578 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Renovated 2024 flex warehouse with multiple garage doors, office space, and three-zone sprinkler system.
Where is this flex space located?
The property is located at 14 3RD ST Ronkonkoma, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Totally renovated in 2024, including roof, gutters, windows, bathrooms, kitchen, floors, walls, and doors; Flex/warehouse setup with 3–12 ft garage doors for warehouse and storage access; Office and employee areas include a boss office, conference rooms, and a large work area for employees/desks
