Versatile Commercial Warehouse
For Sale
$715,000
Pending
36 Davison Plaza, East Rockaway, NY 11518
Commercial warehouse building offering a versatile layout with warehouse capacity for customization to fit operational needs.
Property Size3,200 SF
Days on Market109
Property Features for 36 Davison Plaza
General Information
Standard status
Pending
Size
3,200 SF
Taxes and HOA fees
Annual Taxes
$26,302
Amenities
Other
Building Details
Building Size
3,200 SF
Year Built
1960
Listing Agency:
World Properties Int'l Sea to Sky Realty
(631) 961-4626
Listed By:
Matthew Hart · License #31HA1100930
(631) 961-4626
Source:
Evrealestate
Added: May 7
Changed: Aug 23
Last Checked: Aug 22 at 9:57AM
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 World Properties Int'l Sea to Sky Realty
Investment Insights
Based on property information with market context.
36 Davison Plaza is a commercial warehouse property in East Rockaway with a versatile layout designed to support functional warehouse capacity. The space can be tailored to meet operational needs, making it suitable for owner-users or investors looking for a value-add customization opportunity.
The property is conveniently positioned near major roadways, local businesses, and transportation routes, supporting practical accessibility for employees, deliveries, and visitors. Walk Score is 74 (very walkable) and Transit Score is 54 (good transit), indicating reasonable day-to-day connectivity in the immediate area.
As presented, the offering is best suited for those who want a warehouse configuration with the flexibility to adapt the space for their specific requirements.
The property is conveniently positioned near major roadways, local businesses, and transportation routes, supporting practical accessibility for employees, deliveries, and visitors. Walk Score is 74 (very walkable) and Transit Score is 54 (good transit), indicating reasonable day-to-day connectivity in the immediate area.
As presented, the offering is best suited for those who want a warehouse configuration with the flexibility to adapt the space for their specific requirements.
Key Highlights
- Commercial warehouse property built in 1960
- Versatile layout with functional warehouse capacity for business or investment use
- Positioned in East Rockaway with access to major roadways, local businesses, and transportation routes
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
$55,610
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
7.78%
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%
$1,112,200
$1.1M
Cap Rate 7%
$794,429
$794.4K
Cap Rate 9%
$617,889
$617.9K
Market Conditions
NOI Build-Up for 3,200 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
$70.3K $21.96/SF
− Vacancy
−$4.8K −$1.52/SF
EGI
$65.4K $20.44/SF
− OpEx
−$9.8K −$3.07/SF
NOI
$55.6K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /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%
$1,112,200
Cap Rate 7%
$794,429
Cap Rate 9%
$617,889
Alternative Uses
Best Use
Warehouse
$794.4K
$695.1K – $926.8K
NOI $55,610 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 20.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11518, NY
10,869
Population
4,235
Households
2.6
Avg Household Size
44
Median Age
44%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
7,764
Density / Sq Mi
$104,955
Median Household Income
$56,154
Median Earnings
$2,306
Median Rent
$590,800
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.
Similar Off Market Nearby
- Safeguard Self Storage — 499 Ocean Ave, East Rockaway, NY 11518
- NIGHTMOVES — 3new st, Oceanside, NY 11572
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial warehouse building offering a versatile layout with warehouse capacity for customization to fit operational needs.
Where is this warehouse located?
The property is located at 36 Davison Plaza East Rockaway, NY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Commercial warehouse property built in 1960; Versatile layout with functional warehouse capacity for business or investment use; Positioned in East Rockaway with access to major roadways, local businesses, and transportation routes
