Corner Commercial
230 Middle Country Rd, Selden, NY 11784
For Sale
New
$549,850
The parcel includes an existing office and a front section designated J-2 Business.
Property Size900 SF
Days on Market4
Property Features for 230 Middle Country Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Units
Listing Agency:
OLD ORCHARD ESTATES R E INC
Listed By:
Matthew K. Kochman
(631) 782-3148
Source:
Elliman
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 7:23AM
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 OLD ORCHARD ESTATES R E INC
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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 approximately 0.68-acre commercial land parcel includes 900 square feet of office space arranged across five rooms. The front portion carries a J-2 Business zoning designation.
The property occupies the corner of Middle Country Road and New Lane in Selden, New York.
The property occupies the corner of Middle Country Road and New Lane in Selden, New York.
Key Highlights
- Approximately 0.68 acres at Middle Country Road and New Lane
- 900 square feet of office space in five rooms
- Front portion zoned J‑2 Business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,476
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,520
$309.5K
Cap Rate 7%
$221,086
$221.1K
Cap Rate 9%
$171,956
$172.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$25.2K $27.96/SF
− Vacancy
−$4.5K −$5.03/SF
EGI
$20.6K $22.93/SF
− OpEx
−$5.2K −$5.73/SF
NOI
$15.5K $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%
$309,520
Cap Rate 7%
$221,086
Cap Rate 9%
$171,956
Alternative Uses
Best Use
Office B
$221.1K
$193.5K – $257.9K
NOI $15,476 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 11784, NY
24,794
Population
8,759
Households
2.8
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
5.5 sq mi
ZIP Area
4,508
Density / Sq Mi
$105,268
Median Household Income
$53,128
Median Earnings
$2,273
Median Rent
$435,600
Median Home Value
Market
Properties on Market for Commercial land in Suffolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel includes an existing office and a front section designated J-2 Business.
Where is this commercial land located?
The property is located at 230 Middle Country Rd Selden, NY.
What is the asking price?
The asking price for this property is $549,850.
What are key features of this property?
This property features: Approximately 0.68 acres at Middle Country Road and New Lane; 900 square feet of office space in five rooms; Front portion zoned J‑2 Business
