Sprinklered Industrial
For Sale
Contact for pricing
35 Hoffman Ave, Hauppauge, NY 11788
One-story warehouse with a new roof, substantial electrical service, and multiple loading configurations.
Property Size19,960 SF
Lot Size1.36 Acres
Price / SF$250.25
Days on Market141
Property Features for 35 Hoffman Ave
General Information
Standard status
Active
Size
19,960 SF
Total Parking Spaces
56
Lot size
1.36 Acres
Property subtype
Industrial
Zoning
Industrial IND1
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
19,960 SF
Dock-High Doors
2
Drive-In Doors
1
Power
1,600 amps
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
19,960 SF
Listing Agency:
Cushman & Wakefield - Melville, New York
(323) 471-4747
Listed By:
Daniel Abbondandolo · License #NY 10401239548
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Jun 19 at 3:47AM
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 Cushman & Wakefield - Melville, New York
Investment Insights
Based on property information with market context.
This one-story industrial warehouse contains approximately 19,960 square feet within a fully sprinklered building. Improvements include a brand new roof, 14-foot clear heights, 1,600 amps of power, and three loading positions: one drive-in bay and two dock-high bays. The property occupies approximately 59,242 square feet of land and provides 56 parking spaces for employees and visitors.
At the corner of Newton Place and Hoffman Avenue in Hauppauge, the facility is located just off I-495, connecting the site with Nassau County, Manhattan, and the broader Long Island industrial corridor. Its combination of loading infrastructure, electrical capacity, parking, and warehouse improvements supports a range of industrial uses.
At the corner of Newton Place and Hoffman Avenue in Hauppauge, the facility is located just off I-495, connecting the site with Nassau County, Manhattan, and the broader Long Island industrial corridor. Its combination of loading infrastructure, electrical capacity, parking, and warehouse improvements supports a range of industrial uses.
Key Highlights
- Approximately 19,960‑square‑foot industrial warehouse on a ±59,242‑square‑foot lot
- Fully sprinklered, one‑story building with a brand new roof
- 14‑foot clear ceiling heights and 1,600 amps of power
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
$305,877
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
6.12%
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%
$6,117,540
$6.1M
Cap Rate 7%
$4,369,671
$4.4M
Cap Rate 9%
$3,398,633
$3.4M
Market Conditions
NOI Build-Up for 19,960 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
$383.2K $19.20/SF
− Vacancy
−$23.4K −$1.17/SF
EGI
$359.9K $18.03/SF
− OpEx
−$54.0K −$2.70/SF
NOI
$305.9K $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%
$6,117,540
Cap Rate 7%
$4,369,671
Cap Rate 9%
$3,398,633
Alternative Uses
Best Use
Warehouse
$4.37M
$3.82M – $5.10M
NOI $305,877 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.08M
$5.32M – $7.09M
NOI $425,652 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11788, NY
16,273
Population
5,818
Households
2.8
Avg Household Size
44
Median Age
50%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
1,892
Density / Sq Mi
$148,946
Median Household Income
$71,034
Median Earnings
$2,689
Median Rent
$635,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - One-story warehouse with a new roof, substantial electrical service, and multiple loading configurations.
Where is this warehouse located?
The property is located at 35 Hoffman Ave Hauppauge, NY.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Approximately 19,960‑square‑foot industrial warehouse on a ±59,242‑square‑foot lot; Fully sprinklered, one‑story building with a brand new roof; 14‑foot clear ceiling heights and 1,600 amps of power
