Multi-Tenant Medical Office
For Sale
Contact for pricing
Pending
325 Merrick Ave, East Meadow, NY 11554
Multi-tenant medical and professional office building with ample on-site private parking on a 0.730-acre parcel.
Property Size18,690 SF
Lot Size0.73 Acres
Days on Market162
Property Features for 325 Merrick Ave
General Information
Standard status
Pending
Size
18,690 SF
Class
B
Lot size
0.73 Acres
Property subtype
Office
Zoning
Business X
Occupancy
100%
Building Details
Year Built
1988
Year Renovated
1988
Buildings
1
Stories
3
Units
47
Tenancy
Multi
Listing Agency:
North Village Realty
Listed By:
Tom Bigansky · License #NY 10491210989
Source:
Crexi
Added: Mar 28
Changed: Aug 8
Last Checked: Aug 7 at 8:29AM
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 North Village Realty
Investment Insights
Based on property information with market context.
325 Merrick Ave is an 18,690 SF multi-tenant medical office building on a 0.730-acre parcel in East Meadow, NY. The property is currently configured for medical and professional office use with multiple tenants, supporting a mix of occupancy within the same building.
The asset includes ample private on-site parking spaces, designed to accommodate medical office users and provide convenient access for tenants and visitors.
For sale, the building offers stable, income-oriented use consistent with corridor demand, with strong practical functionality for medical office operations supported by parking and an existing tenant layout.
The asset includes ample private on-site parking spaces, designed to accommodate medical office users and provide convenient access for tenants and visitors.
For sale, the building offers stable, income-oriented use consistent with corridor demand, with strong practical functionality for medical office operations supported by parking and an existing tenant layout.
Key Highlights
- 18,690 SF multi‑tenant medical and professional office building built in 1988
- Configured for medical and professional office use with multiple tenants
- Sits on a 0.730‑acre parcel
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
$327,892
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
6.07%
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%
$6,557,840
$6.6M
Cap Rate 7%
$4,684,171
$4.7M
Cap Rate 9%
$3,643,244
$3.6M
Market Conditions
NOI Build-Up for 18,690 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
$634.7K $33.96/SF
− Vacancy
−$88.2K −$4.72/SF
EGI
$546.5K $29.24/SF
− OpEx
−$218.6K −$11.70/SF
NOI
$327.9K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
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%
$6,557,840
Cap Rate 7%
$4,684,171
Cap Rate 9%
$3,643,244
Alternative Uses
Best Use
Healthcare Medical
$4.68M
$4.10M – $5.46M
NOI $327,892 @ 7.0% cap · market cap 6.07%
Second Best
Office B
$4.59M
$4.02M – $5.36M
NOI $321,382 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$12.36M
$10.81M – $14.42M
NOI $865,020 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11554, NY
37,796
Population
12,128
Households
3.1
Avg Household Size
44
Median Age
44%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
5,999
Density / Sq Mi
$128,770
Median Household Income
$60,684
Median Earnings
$2,539
Median Rent
$613,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Helping PAW — 220 E Meadow Ave, East Meadow, NY 11554
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant medical and professional office building with ample on-site private parking on a 0.730-acre parcel.
Where is this medical office space located?
The property is located at 325 Merrick Ave East Meadow, NY.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 18,690 SF multi‑tenant medical and professional office building built in 1988; Configured for medical and professional office use with multiple tenants; Sits on a 0.730‑acre parcel
