Renovated Professional Building in
19 Morris Ave Rockville Centre, NY 11570
For Sale
$1,899,999
3,460 SF professional office building in downtown Rockville Centre.
Property Size3,460 SF
Price / SF$549.13
Days on Market94
Property Features for 19 Morris Ave
General Information
- Standard status
- Active
- Size
- 3,460 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1934
Listing Agency:
(516) 547-1310
Listed By:
Serafino DeSimone
(516) 547-1310
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 6:45AM
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 Serafino DeSimone
Investment Insights
Based on property information with market context.
Located in the heart of Rockville Centre's professional corridor, this renovated 3,460 SF freestanding professional office building offers an opportunity for investors or owner-users. The property is positioned in a desirable downtown area of Nassau County. Set on a lot with private parking, the single-story layout is suited for medical, legal, therapy, or multi-suite professional use. The building benefits from street presence and foot traffic, with proximity to restaurants, retail, municipal buildings, and the LIRR. The space provides configuration options suitable for a user headquarters or subdivision into multiple income-producing suites. The structure's layout supports waiting areas, reception, private offices, treatment rooms, and conference spaces. The location has a walk score of 95, indicating it is a walker's paradise, a bike score of 54, indicating it is bikeable, and a transit score of 53, indicating good transit options.
Key Highlights
- Prime downtown Rockville Centre location with high walkability (Walk Score: 95) and daily foot traffic.
- Fully renovated 3,460 SF freestanding professional office building.
- Flexible layout suitable for single‑tenant headquarters or multi‑tenant income‑producing suites.
Financial Insights For Healthcare Medical
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 | $117.5k | $33.96 |
| − Vacancy | −$16.3k | −$4.72 |
| EGI | $101.2k | $29.24 |
| − OpEx | −$40.5k | −$11.70 |
| NOI | $60.7k | $17.54 |
3,460 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$867.2K
$758.8K – $1.01M
NOI $60,701 @ 7.0% cap · market cap 3.19%
Second Best
Office B
$849.9K
$743.7K – $991.6K
NOI $59,496 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,137 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Harold M. ...
Physician
Dr. David L. ...
Physician
Dr. Jeffrey P. ...
Physician
Dr. Solomon N. ...
Physician
FAQs
What type of property is this?
Office building - 3,460 SF professional office building in downtown Rockville Centre.
Where is this office building located?
The property is located at 19 Morris Ave Rockville Centre, NY.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: Prime downtown Rockville Centre location with high walkability (Walk Score: 95) and daily foot traffic.; Fully renovated 3,460 SF freestanding professional office building.; Flexible layout suitable for single‑tenant headquarters or multi‑tenant income‑producing suites.
