Building Details

Buildings 1

Stories 1

Building Size 19,960 SF

Listing Agency: Cushman & Wakefield - Melville, New York

Listed By: Daniel Abbondandolo · License #NY 10401239548 Show Phone

Source: Crexi

Added: Apr 12 Changed: Oct 11 Last Checked: Oct 14 at 10:41PM

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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.

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 / Yr

$305,877

Cap Rate

6.12%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $425,652 @ 7.0% cap · market cap 8.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Panos Graphic Services Marketing & Advertising

Suggested Use

Top Pick Dental Office Auto Repair Shop Real Estate Agency Spa & Massage Center Garden Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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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