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 Market86
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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: Oct 3
Last Checked: Oct 14 at 10:40PM
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 / Yr
$309,672
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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
