Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    190 E 2nd St Mineola, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space in Mineola's Industrial Park, convenient location.

    Type:OFFICE
    Property size:
    3,644 SF
    Lot size:
    0.15 Acres
    Added:
    Aug 22, 2023
    Days on Market:
    983
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 190 E 2nd St

    General Information

    Standard status
    Active
    Size
    3,644 SF
    Lot size
    0.15 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Chip Entwistle

    Listing agent Chip Entwistle

    Listing office ACC Space Commercial Real Estate

    Listing date Aug 22, 2023

    Source Moodyscre

    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 ACC Space Commercial Real Estate

    Overview

    Mineola Office Space For Sale

    This 3,644 square foot office space is located in Mineola's Industrial Park. The property is located 6.2 miles from Queens and offers parking at a rate of 3.00 per 1,000 square feet. Its central location provides easy accessibility, both locally and regionally, via Meadowbrook State Parkway, Northern State Parkway, Jericho Turnpike, and Old Country Road. The property is in close proximity to Winthrop University Hospital, Roosevelt Field Mall, and Mineola Train Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The St. James Restaurant Balanced Electrical Electrical Service

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mineola
    County
    Nassau
    State
    New York
    Longitude
    -73.6397
    Latitude
    40.7419

    Nearby Similar for Sale

    • $2,365,000

      Turnkey Medical Office Building For Sale

      5,032 SF medical office building with 19-car parking.
      233 Willis Avenue, Mineola, NY 11501
      View Details
    • $899,999

      Mineola Two-Family Home for Sale

      Well-maintained two-family home near Mineola LIRR station.
      236 Jackson Avenue, Mineola, NY 11501
      View Details
    • $1,430,000

      Established Deli and Catering Business

      Thriving deli and catering business with property in high-traffic area.
      160 Jericho Turnpike, Mineola, NY 11501
      View Details
    • $870,000

      Two-Family Home in Mineola, NY

      Two-family home with four bedrooms and a two-car garage.
      151 Lincoln Avenue, Mineola, NY 11501
      View Details
    • $1,050,000

      Renovated Home in Mineola, NY

      Ultramodern, custom-renovated home designed for entertaining in Mineola.
      236 Maple Place, Mineola, NY 11501
      View Details
    • $1,430,000

      Established Deli Business For Sale

      Thriving deli and building in high-traffic Mineola location.
      160 Jericho Tpke, Mineola, NY 11501
      View Details
    • $2,700,000

      Mineola Industrial Flex Property

      Open warehouse/flex space with renovated office in Mineola, NY.
      88 Windsor Ave, Mineola, NY 11501
      View Details
    • $945,000
      3,150 SF

      Mineola Office Unit For Sale

      Office unit with 3,150 square feet of space.
      126 3rd St, Mineola, NY 11501
      View Details
    • $900,000
      1,440 SF

      High-Visibility Corner Retail Building

      Free-standing building on Jericho Turnpike with high traffic exposure.
      99 E Jericho Tpke, Mineola, NY
      View Details
    • $2,550,000
      10,480 SF

      Mineola Medical/Office Building For Sale

      10,480 SF medical/office building in Mineola, NY for sale.
      156 1st St, Mineola, NY 11501
      View Details
    • Contact for pricing
      6,253 SF

      Mineola Freestanding Surgical Center

      Freestanding ambulatory surgical center in Mineola, renovated in 2002.
      110 Willis Ave, Mineola, NY
      View Details
    • Contact for pricing
      3,500 SF

      Mineola Office Building For Sale

      Office building with basement and parking, near transportation and amenities.
      37 E Jericho Tpke, Mineola, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in Mineola's Industrial Park, convenient location.
    Where is this office units located?
    The property is located at 190 E 2nd St Mineola, NY.
    What are key features of this property?
    This property features: Central location with easy access to Meadowbrook State Pkwy, Northern State Pkwy, Jericho Tpke, and Old Country Rd.; Close proximity to Winthrop University Hospital, Roosevelt Field Mall, and Mineola Train Station.; Located in Mineola's Industrial Park.
    (516) 277-0666 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chip Entwistle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!