Freestanding Industrial Flex
For Sale
Contact for pricing
20 Grand Blvd, Brentwood, NY 11717
Versatile industrial property with adaptable office space, secured yard access, and warehouse-oriented improvements.
Property Size5,714 SF
Price / SF$367.52
Days on Market154
Property Features for 20 Grand Blvd
General Information
Standard status
Active
Size
5,714 SF
Property subtype
Industrial
Zoning
industrial
Listing Agency:
Colliers - Long Island/Jericho, New York
(516) 328-6500
Listed By:
Tommy Rosati · License #NY
Source:
Crexi
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 4:15AM
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 Colliers - Long Island/Jericho, New York
Investment Insights
Based on property information with market context.
This freestanding flex building at 20 Grand Blvd offers 5,714 SF on 0.53 acres, with an approximately even split between office and warehouse areas. The office component can be reduced to expand warehouse capacity. Improvements include a 16-foot clear height, an oversized drive-in door measuring 14 feet by 12 feet, 200-amp three-phase power, gas heat, and an approximately 300 SF mezzanine outside the stated building area.
The secured, fenced yard has two access points that support circulation across the site, along with approximately 25 striped parking stalls. Interior features include four separate restrooms, a locker room, a large kitchen and break area, and a full-building security camera system. The office is fully networked with labeled Cat 6 wiring throughout. The property is zoned industrial and is located in Brentwood, NY.
The secured, fenced yard has two access points that support circulation across the site, along with approximately 25 striped parking stalls. Interior features include four separate restrooms, a locker room, a large kitchen and break area, and a full-building security camera system. The office is fully networked with labeled Cat 6 wiring throughout. The property is zoned industrial and is located in Brentwood, NY.
Key Highlights
- 5,714 SF industrial flex building on 0.53 acres
- Approximately 50% office area, with potential to reduce office space for additional warehouse area
- 16’ clear ceiling height and one oversized 14’X12’ drive‑in door
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
$98,255
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
4.68%
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%
$1,965,100
$2.0M
Cap Rate 7%
$1,403,643
$1.4M
Cap Rate 9%
$1,091,722
$1.1M
Market Conditions
NOI Build-Up for 5,714 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
$159.8K $27.96/SF
− Vacancy
−$28.8K −$5.03/SF
EGI
$131.0K $22.93/SF
− OpEx
−$32.8K −$5.73/SF
NOI
$98.3K $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 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%
$1,965,100
Cap Rate 7%
$1,403,643
Cap Rate 9%
$1,091,722
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,255 @ 7.0% cap · market cap 4.68%
Second Best
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,564 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,852 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11717, NY
62,193
Population
14,086
Households
4.4
Avg Household Size
34
Median Age
10.7 sq mi
ZIP Area
5,812
Density / Sq Mi
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial property with adaptable office space, secured yard access, and warehouse-oriented improvements.
Where is this flex space located?
The property is located at 20 Grand Blvd Brentwood, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,714 SF industrial flex building on 0.53 acres; Approximately 50% office area, with potential to reduce office space for additional warehouse area; 16’ clear ceiling height and one oversized 14’X12’ drive‑in door
