148-2 Remington Blvd, Lake Ronkonkoma, NY 11779

Listing Agency: Metro Realty Services LLC

Listed By: Jeremy Hackett · License #NY Show Phone

Source: Crexi

Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 4:24PM

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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 Metro Realty Services LLC

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Investment Insights

Based on property information with market context.

This office offering contains 3,500 square feet of space. It is located at 148-2 Remington Blvd in Lake Ronkonkoma, New York 11779.

Key Highlights

• 3,500 square feet of office space
• Located at 148‑2 Remington Blvd, Lake Ronkonkoma, NY 11779

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,184

Cap Rate

6.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,203,680 $1.2M

Cap Rate 7%

$859,771 $859.8K

Cap Rate 9%

$668,711 $668.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$97.9K $27.96/SF

− Vacancy

−$17.6K −$5.03/SF

EGI

$80.2K $22.93/SF

− OpEx

−$20.1K −$5.73/SF

NOI

$60.2K $17.20/SF

Area

Suffolk County, NY

Vacancy

18.00%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,203,680

Cap Rate 7%

$859,771

Cap Rate 9%

$668,711

Alternative Uses

Best Use

Office B

$859.8K

$752.3K – $1.00M (±1% cap)

NOI $60,184 @ 7.0% cap · market cap 6.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.07M

$933.0K – $1.24M (±1% cap)

NOI $74,638 @ 7.0% cap · market cap 7.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Real Estate Agency Restaurant Hair Salon Nail Salon Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,348

Businesses Nearby

Explore this area Business Placement

Demographics for 11779, NY

38,250

Population

14,145

Households

2.7

Avg Household Size

42

Median Age

31%

College-Educated

94%

High-School Grad

12.5 sq mi

ZIP Area

3,060

Density / Sq Mi

$117,684

Median Household Income

$54,121

Median Earnings

$2,103

Median Rent

$465,400

Median Home Value

Market

Average Price Trend$/SF for Office Units in Suffolk County, NY

$511 Jul

$614 Aug

$658 Sep

$595 Oct

Properties on Market for Office Units in Suffolk County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - The Lake Ronkonkoma offering provides 3,500 square feet of office space.

Where is this office unit located?

The property is located at 148-2 Remington Blvd Lake Ronkonkoma, NY.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 3,500 square feet of office space; Located at 148‑2 Remington Blvd, Lake Ronkonkoma, NY 11779