Flex Warehouse with Office
For Sale
Contact for pricing
1835 New Highway, Farmingdale, NY 11735
Modern flex warehouse with air-conditioned office, 19' clear height, and multiple drive-ins for versatile operational needs.
Property Size8,915 SF
Lot Size0.57 Acres
Price / SF$358.38
Days on Market95
Property Features for 1835 New Highway
General Information
Standard status
Active
Size
8,915 SF
Lot size
0.57 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
3
Sprinkler System
Yes
Building Details
Year Built
2007
Listing Agency:
Industry One Realty Corporation
Listed By:
Mario Asaro · License #NY
Source:
Crexi
Added: Jun 3
Changed: Aug 14
Last Checked: Sep 4 at 1:43PM
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 Industry One Realty Corporation
Investment Insights
Based on property information with market context.
This for-sale flex warehouse totals approximately 8,915 square feet on a 0.57-acre site, built in 2007. The layout includes about 10% office space paired with a warehouse designed for efficient storage and handling, featuring roughly 19-foot clear ceiling height and only one column within the warehouse area. The building is fully air conditioned and fully sprinklered, with utilities connected to municipal sewers.
The property is located at 1835 New Highway in Farmingdale, New York. It includes three drive-in doors, providing straightforward access for deliveries and daily operations.
The building’s mix of office and warehouse supports a range of logistics and light industrial users who need dedicated work space alongside functional storage. The 19-foot clear height and open warehouse configuration can help accommodate a variety of equipment and workflows, while the drive-in access supports inbound and outbound movement. With sprinkler protection, air conditioning, and sewer connectivity already in place, the property is positioned for tenants or owner-operators seeking a turnkey, operationally oriented facility.
The property is located at 1835 New Highway in Farmingdale, New York. It includes three drive-in doors, providing straightforward access for deliveries and daily operations.
The building’s mix of office and warehouse supports a range of logistics and light industrial users who need dedicated work space alongside functional storage. The 19-foot clear height and open warehouse configuration can help accommodate a variety of equipment and workflows, while the drive-in access supports inbound and outbound movement. With sprinkler protection, air conditioning, and sewer connectivity already in place, the property is positioned for tenants or owner-operators seeking a turnkey, operationally oriented facility.
Key Highlights
- Approximately 8,915 SF building on a 0.57‑acre lot
- 10% office space with fully air‑conditioned office area
- Warehouse offers approximately 19' clear ceiling height
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
$154,925
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
4.85%
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%
$3,098,500
$3.1M
Cap Rate 7%
$2,213,214
$2.2M
Cap Rate 9%
$1,721,389
$1.7M
Market Conditions
NOI Build-Up for 8,915 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
$195.8K $21.96/SF
− Vacancy
−$13.5K −$1.52/SF
EGI
$182.3K $20.44/SF
− OpEx
−$27.3K −$3.07/SF
NOI
$154.9K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
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%
$3,098,500
Cap Rate 7%
$2,213,214
Cap Rate 9%
$1,721,389
Alternative Uses
Best Use
Warehouse
$2.21M
$1.94M – $2.58M
NOI $154,925 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$1.82M
$1.59M – $2.13M
NOI $127,586 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$5.89M
$5.16M – $6.88M
NOI $412,608 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
3
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Modern flex warehouse with air-conditioned office, 19' clear height, and multiple drive-ins for versatile operational needs.
Where is this flex space located?
The property is located at 1835 New Highway Farmingdale, NY.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Approximately 8,915 SF building on a 0.57‑acre lot; 10% office space with fully air‑conditioned office area; Warehouse offers approximately 19' clear ceiling height
