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    Professional Office Building with Bullpen Title is generated by Realmo AI

    240 Long Beach Road, Island Park, NY 11558

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    Turnkey office layout with 12 private offices, open bullpen, and large conference room for professional or medical use.

    Type:Retail, Office
    Property size:
    3,600 SF
    Price / SF:
    $277/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 5:45 am

    Property Features for 240 Long Beach Road

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    Kim Calcaterra

    Listing agent Kim Calcaterra License #10991233856

    Listing office AK Commercial Propertie

    Listing date May 28, 2026

    Source Crexi

    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 AK Commercial Propertie

    HighLights

    • 3,600 SF professional office building for sale on highly visible Long Beach Road in Island Park, NY
    • Layout includes 12 private offices plus a large open bullpen area for collaborative workstations
    • Large conference room for meetings, presentations, and client gatherings
    • Amenities include a kitchenette and 2 bathrooms
    • Asking price: $1,000,000

    Overview

    This well-maintained professional office building for sale offers approximately 3,600 square feet of flexible workspace designed for professional operations. The interior configuration includes 12 private offices, a spacious open bullpen area intended for collaborative workstation setups, and a large conference room for meetings, presentations, and client gatherings. Additional functional amenities include a kitchenette and two restrooms, supported by an efficient floor plan suited to a variety of office-related uses.

    The property is located on highly visible Long Beach Road in Island Park, NY, providing convenient access to surrounding Long Island communities and major roadways. It is also described as having accessibility to local retail and public transportation, supporting practical day-to-day access for employees and visitors.

    The layout and amenities make the building a good fit for an owner-user seeking turn-key space for an established professional team, or for firms looking for a multi-office environment with both private offices and an open bullpen. Uses specifically referenced include medical, legal, accounting, insurance, and other office-related businesses that require meeting space and multiple work areas.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $122.3k $33.96
    − Vacancy −$17.0k −$4.72
    EGI $105.3k $29.24
    − OpEx −$42.1k −$11.70
    NOI $63.2k $17.54
    3,600 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $902.2K
    $789.5K – $1.05M (±1% cap)
    NOI $63,157 @ 7.0% cap · market cap 6.32%
    Second Best
    Office B
    $884.3K
    $773.8K – $1.03M (±1% cap)
    NOI $61,903 @ 7.0% cap · market cap 6.19%
    Theoretical Best
    Specialty Retail
    $2.38M
    $2.08M – $2.78M (±1% cap)
    NOI $166,617 @ 7.0% cap · market cap 16.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Vrona Edward CPA Accounting Firm trey payroll Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Island Park
    County
    Nassau
    State
    New York
    Longitude
    -73.656021
    Latitude
    40.603506

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    FAQs

    What type of property is this?
    Office building - Turnkey office layout with 12 private offices, open bullpen, and large conference room for professional or medical use.
    Where is this office building located?
    The property is located at 240 Long Beach Road Island Park, NY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 3,600 SF professional office building for sale on highly visible Long Beach Road in Island Park, NY; Layout includes 12 private offices plus a large open bullpen area for collaborative workstations; Large conference room for meetings, presentations, and client gatherings
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Calcaterra
    Real Estate License ID: 10991233856
    Learn More
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    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
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