Professional Co-op in Medical
For Sale
$249,000
200 N Village Ave 100, Rockville Centre, NY 11570
860 SF professional co-op near major highways and train.
Property Size860 SF
Price / SF$289.53
Days on Market164
Property Features for 200 N Village Ave 100
General Information
Standard status
Active
Size
860 SF
Property subtype
Commercial
Building Details
Building Size
860 SF
Year Built
1950
Stories
1
Listing Agency:
Douglas Elliman
(516) 522-4969
Listed By:
Jessica Hollenstein · License #10401265478
(516) 522-4969
Source:
Elliman
Added: Mar 12
Changed: Aug 14
Last Checked: Aug 22 at 10:04AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This 860 square foot professional co-op is suitable for attorneys, medical providers, physical or occupational therapists, psychiatrists, or similar practices. The unit features four treatment rooms, a private office, and a waiting area. Previously operated as a chiropractic office, it offers a turnkey setup for immediate use. The maintenance fee is $1,474 per month. The street-level space offers easy access and is conveniently located near all major highways in the medical corridor of Rockville Centre, and is 0.4 miles from the train station. The space use is flexible.
Key Highlights
- Turnkey professional co‑op with existing treatment rooms, private office, and waiting area.
- Ideal for medical or legal practices due to existing layout and features.
- Convenient location in the medical corridor of RVC, near major highways.
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
$15,088
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
6.06%
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%
$301,760
$301.8K
Cap Rate 7%
$215,543
$215.5K
Cap Rate 9%
$167,644
$167.6K
Market Conditions
NOI Build-Up for 860 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
$29.2K $33.96/SF
− Vacancy
−$4.1K −$4.72/SF
EGI
$25.1K $29.24/SF
− OpEx
−$10.1K −$11.70/SF
NOI
$15.1K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
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%
$301,760
Cap Rate 7%
$215,543
Cap Rate 9%
$167,644
Alternative Uses
Best Use
Healthcare Medical
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$211.3K
$184.9K – $246.5K
NOI $14,788 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$568.6K
$497.5K – $663.4K
NOI $39,803 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 860 SF professional co-op near major highways and train.
Where is this medical office space located?
The property is located at 200 N Village Ave 100 Rockville Centre, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Turnkey professional co‑op with existing treatment rooms, private office, and waiting area.; Ideal for medical or legal practices due to existing layout and features.; Convenient location in the medical corridor of RVC, near major highways.
