Fully Leased Medical Office
For Sale
Contact for pricing
220 N Belle Mead Road, East Setauket, NY 11733
Two office buildings support medical and professional occupancy with established tenancy and on-site parking.
Property Size22,456 SF
Lot Size2.13 Acres
Price / SF$445.32
Days on Market189
Property Features for 220 N Belle Mead Road
General Information
Standard status
Active
Size
22,456 SF
Total Parking Spaces
84
Lot size
2.13 Acres
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$625,321
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Units
5
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Douglas Elliman Commercial Division
Listed By:
Michael Murphy · License #NY 10491211076
(631) 858-2405
Source:
Crexi
Added: Apr 11
Changed: Oct 10
Last Checked: Oct 14 at 11:06PM
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 Commercial Division
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office portfolio includes two fully leased buildings in Setauket Technology Park at 220 and 226 N. Belle Mead Avenue. Together, the properties contain approximately 22,456 square feet on a combined 2.13 acres, with 84 parking spaces. The buildings provide professional and medical office accommodations with strong signage potential and visibility within the park.
The 220 N. Belle Mead Avenue building contains approximately 11,228 square feet on 1.03 acres and has 40 parking spaces. It is occupied by Zwanger-Pesiri Radiology. The 226 N. Belle Mead Avenue property contains approximately 11,228 square feet on 1.10 acres and offers 44 parking spaces. Its tenant roster includes Just Cats, OneHealth Pharmacy, New York Cancer & Blood Specialists, and Envision Marketing, with lease terms extending through 2032 and 2034 for two occupants.
The portfolio is near Stony Brook University, Stony Brook University Hospital, major retailers, Nicolls Road, and regional highways, supporting convenient access for occupants and visitors.
The 220 N. Belle Mead Avenue building contains approximately 11,228 square feet on 1.03 acres and has 40 parking spaces. It is occupied by Zwanger-Pesiri Radiology. The 226 N. Belle Mead Avenue property contains approximately 11,228 square feet on 1.10 acres and offers 44 parking spaces. Its tenant roster includes Just Cats, OneHealth Pharmacy, New York Cancer & Blood Specialists, and Envision Marketing, with lease terms extending through 2032 and 2034 for two occupants.
The portfolio is near Stony Brook University, Stony Brook University Hospital, major retailers, Nicolls Road, and regional highways, supporting convenient access for occupants and visitors.
Key Highlights
- Two fully leased medical and professional office buildings totaling approximately 22,456 square feet
- 220 N. Belle Mead Avenue: approximately 11,228 square feet on 1.03 acres with 40 parking spaces
- 226 N. Belle Mead Avenue: approximately 11,228 square feet on 1.10 acres with 44 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$386,140
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,722,800
$7.7M
Cap Rate 7%
$5,516,286
$5.5M
Cap Rate 9%
$4,290,444
$4.3M
Market Conditions
NOI Build-Up for 22,456 SF
Gross rent
$627.9K $27.96/SF
− Vacancy
−$113.0K −$5.03/SF
EGI
$514.9K $22.93/SF
− OpEx
−$128.7K −$5.73/SF
NOI
$386.1K $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%
$7,722,800
Cap Rate 7%
$5,516,286
Cap Rate 9%
$4,290,444
Alternative Uses
Best Use
Office B
$5.52M
$4.83M – $6.44M
NOI $386,140 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$5.13M
$4.49M – $5.99M
NOI $359,160 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$6.84M
$5.99M – $7.98M
NOI $478,880 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 11733, NY
17,967
Population
6,547
Households
2.7
Avg Household Size
46
Median Age
63%
College-Educated
97%
High-School Grad
11.7 sq mi
ZIP Area
1,536
Density / Sq Mi
$174,931
Median Household Income
$76,192
Median Earnings
$2,386
Median Rent
$653,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings support medical and professional occupancy with established tenancy and on-site parking.
Where is this office building located?
The property is located at 220 N Belle Mead Road East Setauket, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Two fully leased medical and professional office buildings totaling approximately 22,456 square feet; 220 N. Belle Mead Avenue: approximately 11,228 square feet on 1.03 acres with 40 parking spaces; 226 N. Belle Mead Avenue: approximately 11,228 square feet on 1.10 acres with 44 parking spaces
