Industrial Buildings on 1.15
185 NY-109, West Babylon, NY 11704
Two industrial buildings totaling 14,623 SF on 1.15 acres.
Type:Industrial
Property size:
14,623 SFLot size:
1.15 AcresPrice / SF:
$273/SF- Added:
- May 13, 2024
- Days on Market:
- 785
- Last Refresh:
- Jun 23 at 2:33 am
Property Features for 185 NY-109
General Information
- Standard status
- Active
- Size
- 14,623 SF
- Lot size
- 1.15 Acres
- Property subtype
- Industrial
Listing office Industry One Realty Corporation
Listing date May 13, 2024
Source Crexi
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
HighLights
- Total of +/- 14,623sf of industrial space across two buildings on 1.15 acres.
- Building 1 features 24ft ceilings, 3 drive‑in doors (including one massive door), and a loading dock.
- Building 1 includes an elevatored basement with two stairwells.
- Building 1 has an attractive office space on two levels, with the 2nd‑floor office having a separate outside entrance for potential leasing.
- Building 2 offers +/- 2,000sf of wide‑open space with 19ft clear height and 2 drive‑in doors.
- Both buildings are equipped with fire sprinklers and sewer connections.
Overview
Two industrial buildings are available, totaling approximately 14,623 square feet on 1.15 acres. The first building offers approximately 12,623 square feet across three levels. The ground level spans approximately 8,123 square feet, with a 2,500-square-foot second floor and a 2,000-square-foot basement accessible by elevator and two stairwells. It features 24-foot ceilings, three drive-in doors (one of which is described as massive), and one loading dock. Approximately 22% of the space is dedicated to attractive office space across two levels. The second-floor office has an outside entrance and can be leased separately. The building is equipped with fire sprinklers and sewer connections. The second building provides approximately 2,000 square feet of wide-open space with 19-foot clear height, one bathroom, and two drive-in doors. This building also includes fire sprinklers and a sewer connection. The property is located close to Sunrise Highway.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $561.5k | $38.40 |
| − Vacancy | −$89.8k | −$6.14 |
| EGI | $471.7k | $32.26 |
| − OpEx | −$117.9k | −$8.06 |
| NOI | $353.8k | $24.19 |
14,623 SF · lease $38.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.90M
NOI $353,760 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$3.20M
$2.80M – $3.73M
NOI $224,090 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$7.76M
$6.79M – $9.05M
NOI $543,274 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- West Babylon
- County
- Suffolk
- State
- New York
- Longitude
- -73.3625
- Latitude
- 40.7189
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two industrial buildings totaling 14,623 SF on 1.15 acres.
Where is this flex space located?
The property is located at 185 NY-109 West Babylon, NY.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Total of +/- 14,623sf of industrial space across two buildings on 1.15 acres.; Building 1 features **24ft ceilings, 3 drive‑in doors (including one massive door), and a loading dock.**; Building 1 includes an elevatored basement with two stairwells.
