For-Sale Office
For Sale
$4,800,000
220 Old Country Road, Mineola, NY 11501
Office building for sale in Mineola, NY, offered at $4.8 million.
Property Size18,009 SF
Days on Market51
Property Features for 220 Old Country Road
General Information
Standard status
Active
Size
18,009 SF
Taxes and HOA fees
Annual Taxes
$62,016
Amenities
Central Air
Natural Gas
Finished, Full
Building Details
Building Size
18,009 SF
Year Built
1952
Listing Agency:
Precise Building Technologies
Listed By:
Joy B. Kannett · License #NY 01234567
(516) 567-0241
Source:
Evrealestate
Added: Jul 22
Changed: Aug 16
Last Checked: Sep 9 at 5:51AM
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 Precise Building Technologies
Investment Insights
Based on property information with market context.
This for-sale office building is located at 220 Old Country Road in Mineola, New York. The property is offered through the commercial office category and is listed for $4,800,000.
The provided information identifies the asset within Nassau County, NY. No additional details are included regarding building size, unit configuration, condition, or specific amenities.
The provided information identifies the asset within Nassau County, NY. No additional details are included regarding building size, unit configuration, condition, or specific amenities.
Key Highlights
- Office building for sale in Mineola, NY, listed at $4.8 million
- Year built: 1952
- Central air conditioning and natural gas heating
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
$309,672
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
6.45%
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%
$6,193,440
$6.2M
Cap Rate 7%
$4,423,886
$4.4M
Cap Rate 9%
$3,440,800
$3.4M
Market Conditions
NOI Build-Up for 18,009 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
$503.5K $27.96/SF
− Vacancy
−$90.6K −$5.03/SF
EGI
$412.9K $22.93/SF
− OpEx
−$103.2K −$5.73/SF
NOI
$309.7K $17.20/SF
Area
Nassau 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%
$6,193,440
Cap Rate 7%
$4,423,886
Cap Rate 9%
$3,440,800
Alternative Uses
Best Use
Office B
$4.42M
$3.87M – $5.16M
NOI $309,672 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.91M
$10.42M – $13.89M
NOI $833,502 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Mineola, NY, offered at $4.8 million.
Where is this office building located?
The property is located at 220 Old Country Road Mineola, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Office building for sale in Mineola, NY, listed at $4.8 million; Year built: 1952; Central air conditioning and natural gas heating
