Warehouse with L1
For Sale
Contact for pricing
31 Old Dock Rd, Yaphank, NY 11980
Warehouse building on an oversized parcel with L1 zoning and approximately 32 on-site parking spaces.
Property Size11,975 SF
Price / SF$292.28
Days on Market56
Property Features for 31 Old Dock Rd
General Information
Standard status
Active
Size
11,975 SF
Total Parking Spaces
32
Property subtype
INDUSTRIAL
Zoning
L1
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Listing Agency:
Metro Realty Services LLC
(631) 770-0700
Listed By:
Jeremy D. Hackett · License #49HA1101097
(516) 456-0108
Source:
Moodyscre
Added: Jul 24
Changed: Sep 9
Last Checked: Sep 16 at 4:52PM
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 Metro Realty Services LLC
Investment Insights
Based on property information with market context.
Warehouse building on an oversized parcel in the Town of Brookhaven, zoned L1. The property includes approximately 11,975 square feet and was built in 1999, with roughly 32 car parking spaces available on site.
Convenient highway access is a key feature, with the property about 1.2 miles off the LIE and approximately 2.6 miles off Sunrise Highway. The site is identified as Section 777 – Block 05 – Lot 1.009.
Additional structure details are limited to the information provided, but the combination of L1 zoning, on-site parking, and access by major roadways supports a range of industrial and light warehouse uses.
Convenient highway access is a key feature, with the property about 1.2 miles off the LIE and approximately 2.6 miles off Sunrise Highway. The site is identified as Section 777 – Block 05 – Lot 1.009.
Additional structure details are limited to the information provided, but the combination of L1 zoning, on-site parking, and access by major roadways supports a range of industrial and light warehouse uses.
Key Highlights
- Zoned L1 in the Town of Brookhaven
- Built in 1999
- Approximately 11,975 square feet warehouse building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$183,511
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,670,220
$3.7M
Cap Rate 7%
$2,621,586
$2.6M
Cap Rate 9%
$2,039,011
$2.0M
Market Conditions
NOI Build-Up for 11,975 SF
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.
Gross rent
$229.9K $19.20/SF
− Vacancy
−$14.0K −$1.17/SF
EGI
$215.9K $18.03/SF
− OpEx
−$32.4K −$2.70/SF
NOI
$183.5K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,670,220
Cap Rate 7%
$2,621,586
Cap Rate 9%
$2,039,011
Alternative Uses
Best Use
Warehouse
$2.62M
$2.29M – $3.06M
NOI $183,511 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,370 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11980, NY
4,931
Population
2,467
Households
2
Avg Household Size
44
Median Age
39%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
411
Density / Sq Mi
$106,857
Median Household Income
$61,484
Median Earnings
$2,814
Median Rent
$409,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- American Interfile — 84-D, Horseblock Road, Yaphank, NY 11980
- Certified Transportation Group — 445 Sills Rd M, Yaphank, NY 11980
- Devon Self Storage — 84 Long Island Ave, Yaphank, NY 11980
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse building on an oversized parcel with L1 zoning and approximately 32 on-site parking spaces.
Where is this warehouse located?
The property is located at 31 Old Dock Rd Yaphank, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Zoned L1 in the Town of Brookhaven; Built in 1999; Approximately 11,975 square feet warehouse building
