Building Details

Floors in Building 1

Number of units 4

Building materials Brick

Listing Agency: BH&G R E Realty Connect Show Phone

Listed By: Paul M Perrone Show Phone

Added: Jan 15 Changed: Oct 1 Last Checked: Oct 5 at 8:06AM

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MLS# 11632706

Copyright © 2026 My State MLS. 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 3,486-square-foot brick office building contains four units identified as A through D, including an approximately 1,800-square-foot owner-user suite. The property has natural gas heat, public water, and 21 on-site parking spaces. J4 Business zoning permits professional and business office uses, including medical, financial, and service-oriented occupancies.

The building fronts Middle Country Road, also designated Route 25, in Ridge, New York. NYSDOT data for the corridor reports 7,528 AADT in 2023 and an estimated 7,131 AADT for 2024, with trucks representing 6% of traffic. The 0.44-acre site provides exposure along a primary commercial road in Suffolk County.

Key Highlights

• 3,486 SF brick office building on a 0.44‑acre site
• Four units identified as A through D
• Approximately 1,800 SF owner‑user suite

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

$59,943

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

6.85%

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%

$1,198,860 $1.2M

Cap Rate 7%

$856,329 $856.3K

Cap Rate 9%

$666,033 $666.0K

Market Conditions

NOI Build-Up for 3,486 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

$97.5K $27.96/SF

− Vacancy

−$17.5K −$5.03/SF

EGI

$79.9K $22.93/SF

− OpEx

−$20.0K −$5.73/SF

NOI

$59.9K $17.20/SF

Area

Suffolk County, NY

Vacancy

18.00%

Lease Rate

$27.96 /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%

$1,198,860

Cap Rate 7%

$856,329

Cap Rate 9%

$666,033

Alternative Uses

Best Use

Office B

$856.3K

$749.3K – $999.1K (±1% cap)

NOI $59,943 @ 7.0% cap · market cap 6.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.06M

$929.3K – $1.24M (±1% cap)

NOI $74,340 @ 7.0% cap · market cap 8.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Kenneth Beckman Ls Land Surveyor Joseph Mercado - State ... Insurance Agency Long Island Permit ... Landscaping

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Office units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

123

Businesses Nearby

Explore this area Business Placement

Demographics for 11961, NY

13,042

Population

6,142

Households

2.1

Avg Household Size

53

Median Age

31%

College-Educated

94%

High-School Grad

15.0 sq mi

ZIP Area

869

Density / Sq Mi

$86,134

Median Household Income

$56,351

Median Earnings

$1,984

Median Rent

$402,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - J4 Business zoning supports professional and business office uses.

Where is this office building located?

The property is located at 1814 Middle Country Road Ridge, NY.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: 3,486 SF brick office building on a 0.44‑acre site; Four units identified as A through D; Approximately 1,800 SF owner‑user suite