Building Details

Year Built 1991

Buildings 1

Stories 1

Building Size 4,697 SF

Tenancy Multi

Listing Agency: DOUGLAS ELLIMAN REAL ESTATE Show Phone

Listed By: JACQUELINE NETT E-PRO PSA

Source: Corcoran

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:27AM

Report an Issue

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 REAL ESTATE

Investment Insights

Based on property information with market context.

This single-level medical office building contains 4,697 square feet on 0.49 acres and is fully rented. Its five private suites each have a reception area, operator rooms, and a private bathroom. A shared central hallway connects the suites while allowing them to operate independently. The building was constructed in 1991.

Approximately 25 on-site parking spaces serve the property. Sayville Train Station and Main Street are both within walking distance.

Key Highlights

• 4,697‑square‑foot medical office building on 0.49 acres
• Fully rented, with five private suites
• Each suite includes reception space, operator rooms, and a private bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,767

Cap Rate

4.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,615,340 $1.6M

Cap Rate 7%

$1,153,814 $1.2M

Cap Rate 9%

$897,411 $897.4K

Market Conditions

NOI Build-Up for 4,697 SF

Gross rent

$131.3K $27.96/SF

− Vacancy

−$23.6K −$5.03/SF

EGI

$107.7K $22.93/SF

− OpEx

−$26.9K −$5.73/SF

NOI

$80.8K $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%

$1,615,340

Cap Rate 7%

$1,153,814

Cap Rate 9%

$897,411

Alternative Uses

Best Use

Office B

$1.15M

$1.01M – $1.35M (±1% cap)

NOI $80,767 @ 7.0% cap · market cap 4.62%

Second Best

Healthcare Medical

$1.07M

$939.1K – $1.25M (±1% cap)

NOI $75,124 @ 7.0% cap · market cap 4.29%

Theoretical Best

Office A

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,165 @ 7.0% cap · market cap 5.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Gallager Loretta Dental Office Schwarz Lyla Dental Office Physical Therapy-Sayville Physician Elizabeth R. Cambra, ... Physician Research Solutions Inc Advertising Agency

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Office units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,163

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11782, NY

15,682

Population

6,680

Households

2.3

Avg Household Size

46

Median Age

55%

College-Educated

95%

High-School Grad

5.6 sq mi

ZIP Area

2,800

Density / Sq Mi

$144,786

Median Household Income

$70,996

Median Earnings

$2,338

Median Rent

$614,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Story Brick Office Building

146 Railroad Avenue, Sayville, NY 11782

$1,600,000

0.17 Acres

View details

Two-Story Mixed-Use Building

230 N Main Street, Sayville, NY 11782

$799,000

0.27 Acres

View details

Target Investment Property For Sale

5750 Sunrise Hwy, Sayville, NY

Contact for pricing

145,000 SF

View details

Similar Off Market Nearby

• Grady Animal Hospital — 465 N Main St, Sayville, NY 11782

Frequently Asked Questions

What type of property is this?

Medical Office Space - Five separate suites feature reception areas, operator rooms, and private bathrooms for medical or professional occupancy.

Where is this medical office space located?

The property is located at 229 Railroad Avenue Sayville, NY.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 4,697‑square‑foot medical office building on 0.49 acres; Fully rented, with five private suites; Each suite includes reception space, operator rooms, and a private bathroom