Mixed-Use Property with
For Sale
$6,500,000
3120 Route 112, Medford, NY 11763
The assemblage combines warehouse space, a storefront, rear storage, a two-family residence, and truck parking.
Property Size24,500 SF
Lot Size4.00 Acres
Price / SF$265.31
Days on Market201
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
Additional Details
Mixed-Use Components
retail, warehouse, residential
Warehouse Space
19,500 SF
Property Use
Warehouse
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
(718) 480-1231
Listed By:
Avnish Kumar
(917) 957-9969
Source:
Croninreale
Added: Apr 8
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
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Investment Insights
Based on property information with market context.
This offering brings together three adjacent properties totaling 4 acres. One parcel contains a 19,500-square-foot warehouse on 1.65 acres; the other two parcels span 2.35 acres and include a storefront with a small warehouse at the rear, plus a two-family house. Truck parking is located behind the property. The zoning designation is L-I.
Key Highlights
- Three adjacent properties offered together, totaling 4 acres
- 19,500‑square‑foot warehouse on a 1.65‑acre parcel
- Two additional properties together occupy 2.35 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$478,999
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
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
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 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
Mixed Use
$6.23M
$5.45M – $7.27M
NOI $436,149 @ 7.0% cap · market cap 6.71%
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The assemblage combines warehouse space, a storefront, rear storage, a two-family residence, and truck parking.
Where is this mixed-use property 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 offered together, totaling 4 acres; 19,500‑square‑foot warehouse on a 1.65‑acre parcel; Two additional properties together occupy 2.35 acres
