Warehouse Compound With Truck
For Sale
$6,500,000
3120 Route 112, Medford, NY 11763
Combined industrial property with a warehouse, storefront, additional storage space, and a two-family residence.
Property Size24,500 SF
Lot Size4.00 Acres
Days on Market145
Property Features for 3120 Route 112
General Information
Standard status
Active
Size
24,500 SF
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
L-I
Taxes and HOA fees
Annual Taxes
$68,956
Building Details
Building Size
24,500 SF
Year Built
1962
Units
4
Listing Agency:
Vision Homes Real Estate LLC
(917) 957-9969
Listed By:
Avnish Kumar · License #10491209469
(917) 957-9969
Source:
Callexitfirst
Added: Apr 8
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Vision Homes Real Estate LLC
Investment Insights
Based on property information with market context.
This assemblage combines three adjacent parcels totaling 4 acres. The primary improvement is a 19,500-square-foot warehouse constructed in 1962 and situated on 1.65 acres. The other parcels include a storefront with a smaller warehouse at the rear and a two-family house on 2.35 acres. Truck parking is located behind the property, supporting the industrial layout and site functionality.
The property is located at 3120 Route 112 in Medford, New York, and carries L-I zoning. The combination of warehouse, storefront, auxiliary storage, residential, and open-site components creates a varied physical configuration within one contiguous offering.
The property is located at 3120 Route 112 in Medford, New York, and carries L-I zoning. The combination of warehouse, storefront, auxiliary storage, residential, and open-site components creates a varied physical configuration within one contiguous offering.
Key Highlights
- Three adjacent properties comprising 4 acres in total
- 19,500‑square‑foot warehouse on 1.65 acres
- Storefront with a small warehouse at the rear
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
$478,999
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
7.37%
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%
$9,579,980
$9.6M
Cap Rate 7%
$6,842,843
$6.8M
Cap Rate 9%
$5,322,211
$5.3M
Market Conditions
NOI Build-Up for 24,500 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
$735.0K $30.00/SF
− Vacancy
−$50.7K −$2.07/SF
EGI
$684.3K $27.93/SF
− OpEx
−$205.3K −$8.38/SF
NOI
$479.0K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$9,579,980
Cap Rate 7%
$6,842,843
Cap Rate 9%
$5,322,211
Alternative Uses
Best Use
Retail
$6.84M
$5.99M – $7.98M
NOI $478,999 @ 7.0% cap · market cap 7.37%
Second Best
Multifamily LT 5
$6.76M
$5.91M – $7.89M
NOI $473,100 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$7.46M
$6.53M – $8.71M
NOI $522,469 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11763, NY
29,055
Population
10,001
Households
2.9
Avg Household Size
41
Median Age
29%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
2,105
Density / Sq Mi
$119,286
Median Household Income
$57,237
Median Earnings
$2,327
Median Rent
$435,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Combined industrial property with a warehouse, storefront, additional storage space, and a two-family residence.
Where is this warehouse located?
The property is located at 3120 Route 112 Medford, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Three adjacent properties comprising 4 acres in total; 19,500‑square‑foot warehouse on 1.65 acres; Storefront with a small warehouse at the rear
