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    Bohemia Industrial Building For Sale Title is generated by Realmo AI

    200 Knickerbocker Avenue, Bohemia, NY 11716

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    Pending
    $7,550,000

    COMMERCIAL - Bohemia, NY

    Property size:
    30,800 SF
    Lot size:
    2.02 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    215
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 200 Knickerbocker Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    IND1
    Parking
    70
    Parking features
    Parking Lot
    Standard status
    Pending
    APN
    0500-193-00-01-00-020-003
    Size
    30,800 SF
    Lot size
    2.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    79370

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    2
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Roger Liu

    Listing agent Roger Liu

    Listing office Century Homes Realty Group LLC 3436 Union St Ste 201, Flushing, NY

    Listing date Oct 20, 2025

    MLS# 926742

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in Suffolk County Foreign‑Trade Zone #52 (Potential Tariff Benefits)
    • 30,800 SF industrial building on 2.02 acres with ample parking (approx. 70 spaces)
    • Heavy power (800 AMP) and gas heat
    • Two loading docks and two drive‑in doors
    • HVAC for warehouse and split unit A/C for office
    • Benefit from 20' clear ceiling height and full sprinkler coverage

    Overview

    The property is a 30,800 square foot industrial building situated on a 2.02-acre lot with approximately 70 parking spaces. It features 95% warehouse/production line space, heavy power (800 AMP), and gas heat. The building includes HVAC for the warehouse and split units for the office, providing both heating and cooling. There are two loading docks and two drive-in doors. The warehouse has a 20-foot clear ceiling height and full sprinkler coverage. Column spacing is 25 feet by 40 feet. Located in Bohemia, Suffolk County, NY, the property is within Suffolk County Foreign-Trade Zone #52, potentially offering tariff benefits. The building is easily divisible for multi-user occupancy and will be delivered vacant.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $5.24M
    NOI $471,994 @ 9.00% cap · cautious / downside scenario
    Moderate
    $6.74M
    NOI $471,994 @ 7.00% cap · market / base-case scenario
    Aggressive
    $9.44M
    NOI $471,994 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $591.4k $19.20
    − Vacancy −$36.1k −$1.17
    EGI $555.3k $18.03
    − OpEx −$83.3k −$2.70
    NOI $472.0k $15.32
    30,800 SF · lease $19.20/SF/yr · vacancy 6.10% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $6.74M
    $5.90M – $7.87M (±1% cap)
    NOI $471,994 @ 7.0% cap · market cap 6.25%
    Second Best
    Industrial
    $6.25M
    $5.47M – $7.29M (±1% cap)
    NOI $437,289 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Office A
    $9.38M
    $8.21M – $10.95M (±1% cap)
    NOI $656,818 @ 7.0% cap · market cap 8.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Contemporary Computer Service ... Tech Support Center East One Paper ... Industrial Manufacturer Legacy eSD Business Networking Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Similar Places Nearby

    • Prime Storage — 868 Lincoln Ave, Bohemia, NY 11716
    • Prime Storage — 911 Lincoln Ave, Bohemia, NY 11716
    • Self-Storage at U-Haul — 1110 Lincoln Ave, Holbrook, NY 11741
    • Quality Moving and Storage — 65 Knickerbocker Ave, Bohemia, NY 11716
    • Extra Space Storage — 510 Johnson Ave, Bohemia, NY 11716

    Location Insight

    • Map
    • Local Demand
    City
    Bohemia
    County
    Suffolk
    State
    New York
    Longitude
    -73.088188
    Latitude
    40.775599

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    FAQs

    What type of property is this?
    Warehouse - 30,800 SF industrial building on 2.02 acres, delivered vacant.
    Where is this warehouse located?
    The property is located at 200 Knickerbocker Avenue Bohemia, NY.
    What is the asking price?
    The asking price for this property is $7,550,000.
    What are key features of this property?
    This property features: Located in Suffolk County Foreign‑Trade Zone #52 (Potential Tariff Benefits); 30,800 SF industrial building on 2.02 acres with ample parking (approx. 70 spaces); Heavy power (800 AMP) and gas heat
    (646) 233-6608
    We can help!
    Listing Contact
    Roger Liu
    Learn More
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    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
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