Single-Tenant Industrial
For Sale
Contact for pricing
Pending
384 Moffitt Blvd, Islip, NY 11751
Single-tenant industrial building on a fenced lot with drive-in doors, office improvements, and 14-foot ceilings.
Property Size4,880 SF
Lot Size0.20 Acres
Days on Market152
Property Features for 384 Moffitt Blvd
General Information
Standard status
Pending
Size
4,880 SF
Lot size
0.20 Acres
Property subtype
Industrial
Zoning
IND1
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Heavy Power
Yes
Amenities
private office
bullpen
kitchen
bathroom with shower
secure storage room
Building Details
Year Built
1955
Stories
1
Tenancy
Single
Listing Agency:
Douglas Elliman Commercial Division
Listed By:
Michael Murphy · License #NY 10491211076
(631) 858-2405
Source:
Crexi
Added: Apr 11
Changed: Aug 23
Last Checked: Aug 14 at 7:55AM
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 Douglas Elliman Commercial Division
Investment Insights
Based on property information with market context.
384 Moffitt Boulevard is a single-tenant industrial and manufacturing facility built in 1955 and newly renovated for turnkey use. The site includes a 4,880-square-foot industrial building on a 0.2-acre fenced lot, with two 10' x 16' drive-in doors, a large motorized front-loading door, and an additional rear garage door for circulation and operational efficiency. Interior ceiling heights are 14 feet, with ample open workspace plus a well-appointed office area featuring a private office, bullpen, kitchen, bathroom with shower, and a secure storage room. A large rear yard and ample on-site parking support storage and day-to-day needs.
The property is zoned IND1 and is located directly adjacent to the Islip LIRR station and just south of Sunrise Highway, with access to Montauk Highway and the Southern State Parkway.
The facility is fully serviced with gas heat, central air conditioning, three-phase electric, and county water and sewer. Recent updates include a newly updated roof, upgraded HVAC systems, and fresh interior and exterior paint.
The property is zoned IND1 and is located directly adjacent to the Islip LIRR station and just south of Sunrise Highway, with access to Montauk Highway and the Southern State Parkway.
The facility is fully serviced with gas heat, central air conditioning, three-phase electric, and county water and sewer. Recent updates include a newly updated roof, upgraded HVAC systems, and fresh interior and exterior paint.
Key Highlights
- 4,880 SF single‑tenant industrial building built in 1955 on a 0.2‑acre fenced lot
- IND1 zoning with two 10' x 16' drive‑in doors plus a large motorized front‑loading door and rear garage door
- 14‑foot ceiling heights with an office area including a private office, bullpen, kitchen, bathroom with shower, and secure storage
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
$52,348
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
3.34%
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%
$1,046,960
$1.0M
Cap Rate 7%
$747,829
$747.8K
Cap Rate 9%
$581,644
$581.6K
Market Conditions
NOI Build-Up for 4,880 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
$79.6K $16.32/SF
− Vacancy
−$4.9K −$1.00/SF
EGI
$74.8K $15.32/SF
− OpEx
−$22.4K −$4.60/SF
NOI
$52.3K $10.73/SF
Area
ZIP 11751
Vacancy
6.10%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
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%
$1,046,960
Cap Rate 7%
$747,829
Cap Rate 9%
$581,644
Alternative Uses
Best Use
Industrial
$747.8K
$654.4K – $872.5K
NOI $52,348 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,438 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Single-tenant
Tenancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 11751, NY
14,790
Population
5,246
Households
2.8
Avg Household Size
43
Median Age
36%
College-Educated
88%
High-School Grad
4.0 sq mi
ZIP Area
3,698
Density / Sq Mi
$116,328
Median Household Income
$59,558
Median Earnings
$2,238
Median Rent
$501,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Single-tenant industrial building on a fenced lot with drive-in doors, office improvements, and 14-foot ceilings.
Where is this manufacturing property located?
The property is located at 384 Moffitt Blvd Islip, NY.
What is the asking price?
The asking price for this property is $1,569,000.
What are key features of this property?
This property features: 4,880 SF single‑tenant industrial building built in 1955 on a 0.2‑acre fenced lot; IND1 zoning with two 10' x 16' drive‑in doors plus a large motorized front‑loading door and rear garage door; 14‑foot ceiling heights with an office area including a private office, bullpen, kitchen, bathroom with shower, and secure storage
