Brick Medical Office
229 Railroad Ave, Sayville, NY 11782
For Sale
$1,750,000
Five occupied private suites have month-to-month tenant arrangements.
Property Size4,750 SF
Price / SF$368.42
Days on Market38
Property Features for 229 Railroad Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Public Transit
Office Units
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Jacqueline Nett E-PRO PSA
(631) 589-8500
Source:
Searchhomesinlongisland
Added: Oct 3
Changed: Nov 8
Last Checked: Nov 4 at 1:32PM
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
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Investment Insights
Based on property information with market context.
This single-level brick medical office property contains five private suites and medical-grade infrastructure throughout. It was developed by two physicians for their practices and has remained owner-operated. All suites are currently occupied, with tenants on month-to-month arrangements, offering flexibility in lease planning or space use.
Approximately 25 parking spaces are provided on site. The property is within a short walk of the Sayville LIRR station and Main Street.
Approximately 25 parking spaces are provided on site. The property is within a short walk of the Sayville LIRR station and Main Street.
Key Highlights
- Five private suites, all currently occupied
- Month‑to‑month arrangements for every tenant
- Approximately 25 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,678
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,560
$1.6M
Cap Rate 7%
$1,166,829
$1.2M
Cap Rate 9%
$907,533
$907.5K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$132.8K $27.96/SF
− Vacancy
−$23.9K −$5.03/SF
EGI
$108.9K $22.93/SF
− OpEx
−$27.2K −$5.73/SF
NOI
$81.7K $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%
$1,633,560
Cap Rate 7%
$1,166,829
Cap Rate 9%
$907,533
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,678 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$1.09M
$949.6K – $1.27M
NOI $75,971 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,295 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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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
$614,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Suffolk County, NY
Properties on Market for Medical Office Space in Suffolk County
Vacancy Rate% for Office in Northeast region
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 occupied private suites have month-to-month tenant arrangements.
Where is this medical office space located?
The property is located at 229 Railroad Ave 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: Five private suites, all currently occupied; Month‑to‑month arrangements for every tenant; Approximately 25 on‑site parking spaces
