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    Versatile Commercial Space in Babylon Title is generated by Realmo AI

    379 Sheffield Avenue, West Babylon, NY 11704

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    Claim this Listing
    For Lease
    $3,800/Mo $34 SF/Yr (calc)

    COMMERCIAL - West Babylon, NY

    Property size:
    1,330 SF
    Added:
    Apr 6, 2026
    Days on Market:
    38
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 379 Sheffield Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Driveway, On Street, Garage
    Standard status
    Active
    Size
    1,330 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    30824

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Energy Star Qualified Equipment (Heating), Forced Air
    Cooling system
    ENERGY STAR Qualified Equipment, Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Combination, Concrete, Laminate
    Building materials
    ICFs (Insulated Concrete Forms)

    We can help!

    Listing Contact
    Matthew Hill

    Listing agent Matthew Hill

    Listing office Coldwell Banker M&D Good Life 66 Medford Ave, Moriches, NY

    Listing date Apr 6, 2026

    MLS# 980962

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile 1,330 sq ft office space plus garage space suitable for various business needs.
    • Convenient location near Sunrise Highway and Southern State Parkway for easy accessibility.
    • Ample storage provided by the garage space.
    • Equipped with both heat and air conditioning for year‑round comfort.
    • Laminate flooring throughout the office space.
    • Public water and sewer connections.

    Overview

    Located in West Babylon, New York, the property at 379 Sheffield Ave offers a commercial lease opportunity featuring approximately 1,330 sq ft of office space, complemented by additional garage space. The space is designed to accommodate a wide range of uses. The interior features tall ceilings and laminate flooring throughout. Comfort is ensured year-round with both heat and air conditioning. The garage space provides ample storage, suitable for equipment or materials. The property's location provides convenient access, situated just blocks from Sunrise Highway and the Southern State Parkway. This accessibility benefits both occupants and clients. The property is suitable for various professionals needing a functional workspace and storage, including contractors, artists, and pottery creators. The property provides a flexible space to run a business and store materials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Desilva Motorsports Auto Repair Shop Skyline Precision Manufacturing ... Industrial Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Franks Deli Plus And East Neck Caterers — 1018 Little East Neck Rd, West Babylon, NY 11704

    Location Insight

    • Map
    • Local Demand
    City
    West Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.337567
    Latitude
    40.7193934

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    FAQs

    What type of property is this?
    Flex space - Flexible office and garage space near major highways.
    Where is this flex space located?
    The property is located at 379 Sheffield Avenue West Babylon, NY.
    What is the lease rate?
    The lease rate is $3,800 /Mo.
    What are key features of this property?
    This property features: Versatile 1,330 sq ft office space plus garage space suitable for various business needs.; Convenient location near Sunrise Highway and Southern State Parkway for easy accessibility.; Ample storage provided by the garage space.
    (631) 599-8895
    We can help!
    Listing Contact
    Matthew Hill
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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