Mineola Medical/Office Building For
For Sale
$2,550,000
156 1st St, Mineola, NY 11501
10,480 SF medical/office building in Mineola, NY for sale.
Property Size10,480 SF
Price / SF$243.32
Days on Market187
Property Features for 156 1st St
General Information
Standard status
Active
Size
10,480 SF
Class
B
Property subtype
office, medical
Listing Agency:
Melville
(212) 812-5700
Listed By:
Kyle Crennan · License #40CR1157702
(631) 962-2896
Source:
Property.jll
Added: Apr 15
Changed: Oct 12
Last Checked: Oct 16 at 6:04AM
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 Melville
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Investment Insights
Based on property information with market context.
A commercial building in Mineola, New York, offers 10,480 square feet of space suitable for medical or general office use. The property is located at 156 1st St, Mineola, NY 11501.
Key Highlights
- 10,480 SF medical/office building
- Located in Mineola, NY
- For sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,858
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,677,160
$3.7M
Cap Rate 7%
$2,626,543
$2.6M
Cap Rate 9%
$2,042,867
$2.0M
Market Conditions
NOI Build-Up for 10,480 SF
Gross rent
$355.9K $33.96/SF
− Vacancy
−$49.5K −$4.72/SF
EGI
$306.4K $29.24/SF
− OpEx
−$122.6K −$11.70/SF
NOI
$183.9K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,677,160
Cap Rate 7%
$2,626,543
Cap Rate 9%
$2,042,867
Alternative Uses
Best Use
Healthcare Medical
$2.63M
$2.30M – $3.06M
NOI $183,858 @ 7.0% cap · market cap 7.21%
Second Best
Office B
$2.57M
$2.25M – $3.00M
NOI $180,208 @ 7.0% cap · market cap 7.07%
Theoretical Best
Specialty Retail
$6.93M
$6.06M – $8.08M
NOI $485,041 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,135
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Mineola Animal Hospital — 132 Jericho Turnpike, Mineola, NY 11501
- Premier Veterinary Medical Group - Mineola — 220 E Jericho Turnpike, Mineola, NY 11501
Frequently Asked Questions
What type of property is this?
Medical Office Space - 10,480 SF medical/office building in Mineola, NY for sale.
Where is this medical office space located?
The property is located at 156 1st St Mineola, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 10,480 SF medical/office building; Located in Mineola, NY; For sale
