Ronkonkoma Avenue Freestanding Office
For Sale
$749,000
218 Ronkonkoma Ave, Ronkonkoma, NY 11779
Freestanding, renovated office building with two suites and ample parking.
Property Size1,400 SF
Price / SF$535
Days on Market100
Property Features for 218 Ronkonkoma Ave
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Listing Agency:
(516) 426-2910
Listed By:
Haldun Yavas
(516) 426-2910
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 10:33AM
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 Haldun Yavas
Investment Insights
Based on property information with market context.
This freestanding 1,400 SF office building is located on Ronkonkoma Ave, offering excellent visibility and strong traffic exposure. The property features two renovated suites, each with separate entrances, private bathrooms, and individual utilities and meters. Recent updates include new siding, flooring, renovated baths, and cabinetry. The building is equipped with central air and oil heat. Ample parking is available. The location is conveniently situated minutes from Ronkonkoma LIRR and surrounded by national and local retailers. The property is considered a turnkey opportunity for an owner-user or investor. The walk score is 59, indicating it is somewhat walkable, and the bike score is 41, indicating it is somewhat bikeable.
Key Highlights
- Freestanding 1,400 SF owner‑user office building with excellent visibility and strong traffic exposure on Ronkonkoma Ave.
- Two renovated suites with separate entrances, private bathrooms, and individual utilities/meters.
- Recent updates including new siding, flooring, renovated baths, and cabinetry.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $27.96 |
| − Vacancy | −$7.0k | −$5.03 |
| EGI | $32.1k | $22.93 |
| − OpEx | −$8.0k | −$5.73 |
| NOI | $24.1k | $17.20 |
1,400 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$343.9K
$300.9K – $401.2K
NOI $24,074 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.5K
$373.2K – $497.6K
NOI $29,855 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 11779, NY
38,250
Population
14,145
Households
2.7
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
3,060
Density / Sq Mi
$117,684
Median Household Income
$54,121
Median Earnings
$2,103
Median Rent
$465,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Freestanding, renovated office building with two suites and ample parking.
Where is this office building located?
The property is located at 218 Ronkonkoma Ave Ronkonkoma, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Freestanding 1,400 SF owner‑user office building with excellent visibility and strong traffic exposure on Ronkonkoma Ave.; Two renovated suites with separate entrances, private bathrooms, and individual utilities/meters.; Recent updates including new siding, flooring, renovated baths, and cabinetry.
