Industrial Flex Space with
For Sale
Contact for pricing
152 Railroad Street, Huntington Station, NY 11746
Office, storage, and vehicle-oriented areas support varied industrial operations.
Property Size15,000 SF
Price / SF$166.60
Days on Market9
Property Features for 152 Railroad Street
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Industrial
Zoning
Light Industrial District
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$138,226
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Deepak Hemrajani Inc.
Listed By:
Deepak Hemrajani · License #NY 10311210851
Source:
Crexi
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 9:43PM
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 Deepak Hemrajani Inc.
Investment Insights
Based on property information with market context.
This industrial flex property brings together office areas, storage space, garage facilities, and on-site parking in one commercial setting. The layout accommodates vehicles, equipment, inventory, and routine business operations, offering practical functionality for contractors, tradesmen, service businesses, distributors, warehouse users, and automotive-related operations. Light Industrial District zoning is identified for the property.
The property is located at 152 Railroad Street in Huntington Station, New York 11746. Its combination of enclosed work areas, storage, garage space, and parking provides a dedicated setting for an owner-user, investor, or business seeking an industrial-use property.
The property is located at 152 Railroad Street in Huntington Station, New York 11746. Its combination of enclosed work areas, storage, garage space, and parking provides a dedicated setting for an owner-user, investor, or business seeking an industrial-use property.
Key Highlights
- Light Industrial District zoning
- Office, storage, and garage areas in one property
- On‑site parking for vehicles and business operations
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
$229,867
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
9.20%
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%
$4,597,340
$4.6M
Cap Rate 7%
$3,283,814
$3.3M
Cap Rate 9%
$2,554,078
$2.6M
Market Conditions
NOI Build-Up for 15,000 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
$288.0K $19.20/SF
− Vacancy
−$17.6K −$1.17/SF
EGI
$270.4K $18.03/SF
− OpEx
−$40.6K −$2.70/SF
NOI
$229.9K $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%
$4,597,340
Cap Rate 7%
$3,283,814
Cap Rate 9%
$2,554,078
Alternative Uses
Best Use
Warehouse
$3.28M
$2.87M – $3.83M
NOI $229,867 @ 7.0% cap · market cap 9.20%
Second Best
Industrial
$3.04M
$2.66M – $3.55M
NOI $212,965 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,879 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
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 - Office, storage, and vehicle-oriented areas support varied industrial operations.
Where is this flex space located?
The property is located at 152 Railroad Street Huntington Station, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Light Industrial District zoning; Office, storage, and garage areas in one property; On‑site parking for vehicles and business operations
