Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    232 N Belle Mead Ave East Setauket, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,000 square foot office space for rent.

    Type:OFFICE
    Property size:
    3,000 SF
    Lot size:
    0.67 Acres
    Added:
    Jun 29, 2023
    Days on Market:
    1035
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 232 N Belle Mead Ave

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.67 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 232 N Belle Mead Ave Contact us

    We can help!

    Listing Contact
    Mike Lightcap

    Listing agent Mike Lightcap

    Listing office Douglas Elliman Commercial | New York

    Listing date Jun 29, 2023

    Source Moodyscre

    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 Commercial | New York

    Overview

    East Setauket Office Space Available

    This property offers 3,000 square feet of office space. The zoning is L-1. Ample parking is available. The property utilizes gas for heat and air conditioning. Electric service is provided by PSEG. The property uses a septic system for sewer. CAM charges are separately metered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Setauket
    County
    Suffolk
    State
    New York
    Longitude
    -73.094
    Latitude
    40.9183

    Nearby Similar for Lease

    • Contact for pricing

      East Setauket Office Space

      3,005 square foot office and coworking space available for rent.
      14 Technology Dr, East Setauket, NY 11733
      View Details
    • $2,000/Mo

      Medical Office Space Available

      Medical office space available 2 days/week in East Setauket.
      8 Nesconset Hwy Ste 100, East Setauket, NY, 11733-3327
      View Details
    • $30 SF/Yr

      Retail Storefront in Busy Center

      600 SF retail storefront in a high-traffic shopping center.
      200-254 Main St, East Setauket, NY
      View Details
    • Contact for pricing

      East Setauket Office Space

      Corner property with build-to-suit options in Stony Brook.
      45 Research Way, East Setauket, NY
      View Details
    • Contact for pricing

      East Setauket Office Space

      5,600 square foot office space available for rent.
      226 N Belle Mead Ave, East Setauket, NY
      View Details
    • Contact for pricing

      East Setauket Storage Space

      Storage space available in East Setauket, part of Technology Center.
      6 Technology Dr, East Setauket, NY
      View Details
    • Contact for pricing

      East Setauket Office Space

      Office space available in East Setauket, New York.
      24 Research Way, East Setauket, NY
      View Details
    • Contact for pricing

      Retail Space in East Setauket

      Retail space with high visibility and strong customer traffic.
      4046-4088 Nesconset Hwy, East Setauket, NY
      View Details
    • Contact for pricing

      Retail Space in Affluent Community

      Retail space with high visibility in East Setauket, NY.
      1365-1389 Rte 25A, East Setauket, NY
      View Details
    • Contact for pricing

      East Setauket Medical/Office Space

      Medical/office space for rent in East Setauket, NY.
      4 Technology Dr, East Setauket, NY
      View Details
    • Contact for pricing

      East Setauket Office Space Available

      Office spaces available, ranging from 3,005 to 6,154 SqFt.
      14 Technology Drive, East Setauket, NY 11733
      View Details
    • Contact for pricing

      Plug & Play Office Space

      Up to 11,386 SF of plug & play office space.
      21 Bennetts Rd, East Setauket, NY 11733
      View Details

    FAQs

    What type of property is this?
    Office units - 3,000 square foot office space for rent.
    Where is this office units located?
    The property is located at 232 N Belle Mead Ave East Setauket, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Ample parking available for tenants and visitors.; Gas heat and A/C ensure year‑round comfort.; Separately metered CAM for accurate expense allocation.
    (631) 445-5756 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Lightcap
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!