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    Medical Office Condo with Exam Rooms Title is generated by Realmo AI

    1641A Medford Avenue, Medford, NY 11763

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    Picture of Medical Office Space at 1641A Medford Avenue, Medford, NY
    For Sale
    $299,007

    SINGLE_FAMILY - Medford, NY

    Type:Office
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 1641A Medford Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    C1
    Standard status
    Active
    APN
    0200 867.10 01.00 003.000

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Stone

    We can help!

    Listing Contact
    David F. Ng SFR

    Listing agent David F. Ng SFR

    Listing office Howard Hanna Coach 1160 E Jericho Tpke, Northport, NY

    Listing date Jun 5, 2026

    MLS# 1009883

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Medical office condo with spacious reception, staff work area, and waiting area
    • Includes three exam rooms and one private office
    • Private bathroom plus lounge/staff area and computer room
    • Central air cooling and natural gas heating
    • Public utilities available: water and public sewer
    • Plentiful on‑site parking and convenient to public transportation

    Overview

    This well-maintained medical office condo offers a practical layout for healthcare and related professional uses. Inside, it includes a spacious reception and staff work area along with a waiting area to support patient flow. The unit also features three exam rooms and one private office, plus a private bathroom. Additional interior space is provided with a lounge and staff area and a dedicated computer room.

    The property is located at 1641A Medford Avenue in Medford, New York, and is listed under C1 zoning. Convenience is supported by plentiful on-site parking and an address described as being located near public transportation.

    With multiple exam rooms, a private office, and patient-facing common areas, this condo is well suited for medical, wellness, or professional healthcare practices seeking an established, professionally maintained setting. The on-site parking and proximity to public transportation can also help support staff and patient access. The opportunity is available for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Flynn Howard F DVM — 50 Middle Island Ave, Medford, NY 11763
    • Veterinary Outpatient Treatment Center — 2279 NY-112, Medford, NY 11763
    • Long Island Spay and Neuter — 2213 NY-112, Medford, NY 11763

    Map

    City
    Medford
    County
    Suffolk
    State
    New York
    Longitude
    -72.9822
    Latitude
    40.8228

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    FAQs

    What type of property is this?
    Medical Office Space - Professionally maintained condo featuring a reception area, waiting space, and three exam rooms for healthcare practices.
    Where is this medical office space located?
    The property is located at 1641A Medford Avenue Medford, NY.
    What is the asking price?
    The asking price for this property is $299,007.
    What are key features of this property?
    This property features: Medical office condo with spacious reception, staff work area, and waiting area; Includes three exam rooms and one private office; Private bathroom plus lounge/staff area and computer room
    (631) 427-9100
    We can help!
    Listing Contact
    David F. Ng SFR
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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