Detached Medical Office
For Sale
$699,000
1562 Drumgoole Road E, Staten Island, NY 10309
Commercial, Staten Island, NY
Property Size1,612 SF
Lot Size0.09 Acres
Price / SF$433.62
Days on Market209
Property Features for 1562 Drumgoole Road E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R3X
Basement
Finished, Full
Subdivision
Princess Bay
Standard status
Active
Size
1,612 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9412
Building Details
Year built
2007
Floors in Building
2
Number of units
1
Flooring type
Tile
Building materials
Wood Frame
Roof type
Asphalt
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Feb 3
Changed: Aug 28
Last Checked: Aug 31 at 12:06PM
MLS# 498771
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached medical office property is arranged for professional practice use, with a reception area, three first-floor treatment or office rooms, and a half bathroom. The lower level adds three rooms and a three-quarter bathroom, while a stand-up attic provides storage. The building contains approximately 1,612 square feet and was built in 2007 with wood-frame construction, tile flooring, and an asphalt roof.
A Community Facility Certificate of Occupancy supports a range of potential uses, including medical offices, clinics, physical therapy practices, schools, daycare centers, educational facilities, nonprofit offices, houses of worship, cultural institutions, libraries, and social service agencies. The property is situated in an R3X zoning district and includes a private driveway. The existing configuration has served as a dental office for approximately 15 years, with potential for conversion back to residential use if desired.
A Community Facility Certificate of Occupancy supports a range of potential uses, including medical offices, clinics, physical therapy practices, schools, daycare centers, educational facilities, nonprofit offices, houses of worship, cultural institutions, libraries, and social service agencies. The property is situated in an R3X zoning district and includes a private driveway. The existing configuration has served as a dental office for approximately 15 years, with potential for conversion back to residential use if desired.
Key Highlights
- Approximately 1,612 square feet in a detached building
- First floor includes reception, 3 treatment or office rooms, and a half bathroom
- Lower level provides 3 additional rooms and a 3/4 bathroom
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
$36,908
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
5.28%
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%
$738,160
$738.2K
Cap Rate 7%
$527,257
$527.3K
Cap Rate 9%
$410,089
$410.1K
Market Conditions
NOI Build-Up for 1,612 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
$61.9K $38.40/SF
− Vacancy
−$12.7K −$7.87/SF
EGI
$49.2K $30.53/SF
− OpEx
−$12.3K −$7.63/SF
NOI
$36.9K $22.90/SF
Area
Staten Island, NY
Vacancy
20.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$738,160
Cap Rate 7%
$527,257
Cap Rate 9%
$410,089
Alternative Uses
Best Use
Office B
$527.3K
$461.4K – $615.1K
NOI $36,908 @ 7.0% cap · market cap 5.28%
Second Best
Healthcare Medical
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$769.2K
$673.0K – $897.4K
NOI $53,841 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pleasant Plains Animal Hospital South — 5525 Amboy Rd 3900 #3900, Staten Island, NY 10312
Frequently Asked Questions
What type of property is this?
Medical Office Space - Community Facility Certificate of Occupancy supports medical, educational, nonprofit, and other institutional uses.
Where is this medical office space located?
The property is located at 1562 Drumgoole Road E Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 1,612 square feet in a detached building; First floor includes reception, 3 treatment or office rooms, and a half bathroom; Lower level provides 3 additional rooms and a 3/4 bathroom
