Medical Office Building For
For Sale
Contact for pricing
20 Grand Ave, Shirley, NY
Medical office building for sale or lease, delivered vacant.
Property Size6,000 SF
Lot Size0.60 Acres
Price / SF$198.33
Days on Market665
Property Features for 20 Grand Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.60 Acres
Property subtype
OFFICE
Listing Agency:
American Investment Properties, Inc.
(516) 393-2300
Listed By:
Ron Koenigsberg · License #31K00933350
(516) 993-7252
Source:
Moodyscre
Added: Dec 13, 2024
Changed: Sep 11
Last Checked: Oct 7 at 2:58PM
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 American Investment Properties, Inc.
Investment Insights
Based on property information with market context.
This medical office building, available for sale or lease, will be delivered vacant upon sale. The property includes on-site parking with 32 spaces. Its location offers convenient access to Sunrise Highway, William Floyd Parkway, and Montauk Highway. Additionally, the property is within walking distance of the Mastic-Shirley train station and is surrounded by various neighborhood retail options and amenities. The building has a size of 6,000 square feet.
Key Highlights
- Delivered Vacant at Sale (For Sale or Lease)
- On‑Site Parking with 32 Spaces
- Located Close to Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,172
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,440
$2.1M
Cap Rate 7%
$1,473,886
$1.5M
Cap Rate 9%
$1,146,356
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$167.8K $27.96/SF
− Vacancy
−$30.2K −$5.03/SF
EGI
$137.6K $22.93/SF
− OpEx
−$34.4K −$5.73/SF
NOI
$103.2K $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 Rate 5%
$2,063,440
Cap Rate 7%
$1,473,886
Cap Rate 9%
$1,146,356
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,172 @ 7.0% cap · market cap 8.67%
Second Best
Healthcare Medical
$1.37M
$1.20M – $1.60M
NOI $95,964 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,951 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building for sale or lease, delivered vacant.
Where is this medical office space located?
The property is located at 20 Grand Ave Shirley, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Delivered Vacant at Sale (For Sale or Lease); On‑Site Parking with **32 Spaces**; Located Close to Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy
