Flex Building With
For Sale
$5,300,000
17 E Jericho Turnpike, Huntington, NY 11746
Multi-component commercial building with showroom, office, warehouse, and attic storage areas.
Property Size23,958 SF
Price / SF$278.95
Days on Market320
Property Features for 17 E Jericho Turnpike
General Information
Standard status
Active
Size
23,958 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
10,175 SF
Office Build-Out
1,540 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$81,413
Building Details
Building Size
23,958 SF
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Precise Building Tech Corp
(516) 567-0241
Listed By:
Joy B. Kannett · License #NY 01234567
(516) 567-0241
Source:
Callexitfirst
Added: Oct 13, 2025
Changed: Aug 28
Last Checked: Aug 25 at 9:11AM
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 Precise Building Tech Corp
Investment Insights
Based on property information with market context.
This flex space combines several functional areas within one commercial building: a 4570 SF showroom, 1540 SF office area, 10,175 SF warehouse, and 36.17 S F attic storage. The configuration supports multiple uses across showroom, office, and warehouse functions.
The property is located at 17 E Jericho Turnpike in Huntington, on Jericho Turnpike and steps from 110. An existing lease extends through January 31, 2027, with the tenant paying taxes through the lease term.
The property is located at 17 E Jericho Turnpike in Huntington, on Jericho Turnpike and steps from 110. An existing lease extends through January 31, 2027, with the tenant paying taxes through the lease term.
Key Highlights
- 4570 SF showroom area
- 10,175 SF warehouse space
- 1540 SF office area
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
$273,258
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
5.16%
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%
$5,465,160
$5.5M
Cap Rate 7%
$3,903,686
$3.9M
Cap Rate 9%
$3,036,200
$3.0M
Market Conditions
NOI Build-Up for 19,000 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
$456.0K $24.00/SF
− Vacancy
−$91.7K −$4.82/SF
EGI
$364.3K $19.18/SF
− OpEx
−$91.1K −$4.79/SF
NOI
$273.3K $14.38/SF
Area
Livingston County, NY
Vacancy
20.10%
Lease Rate
$24.00 /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%
$5,465,160
Cap Rate 7%
$3,903,686
Cap Rate 9%
$3,036,200
Alternative Uses
Best Use
Office B
$3.90M
$3.42M – $4.55M
NOI $273,258 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$3.68M
$3.22M – $4.29M
NOI $257,690 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,344 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,199
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 Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fireside Caterers of Huntington — 120 W Jericho Turnpike, Huntington Station, NY 11746
- Huntington Townhouse — South Huntington, NY 11746
Frequently Asked Questions
What type of property is this?
Flex space - Multi-component commercial building with showroom, office, warehouse, and attic storage areas.
Where is this flex space located?
The property is located at 17 E Jericho Turnpike Huntington, NY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 4570 SF showroom area; 10,175 SF warehouse space; 1540 SF office area
