Office Building For
For Sale
Contact for pricing
399 W John St, Hicksville, NY 11801
Office building offered for sale with approximately 7,500 square feet of space.
Property Size7,500 SF
Price / SF$433.33
Days on Market251
Property Features for 399 W John St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Office
Zoning
LI
Listing Agency:
Park Place Realty Group LLC
Listed By:
David Chinitz · License #NY 49CH0984786
Source:
Crexi
Added: Feb 12
Changed: Oct 14
Last Checked: Oct 20 at 6:51PM
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 Park Place Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is an office building offered for sale, with approximately 7,500 square feet of commercial space. It is presented as an office asset in the available materials.
The property is located at 399 W John St in Hicksville, NY.
The listing materials do not include additional details on suite layout or building features beyond the total office square footage.
The property is located at 399 W John St in Hicksville, NY.
The listing materials do not include additional details on suite layout or building features beyond the total office square footage.
Key Highlights
- Office building for sale with approximately 7,500 sq ft of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,966
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,579,320
$2.6M
Cap Rate 7%
$1,842,371
$1.8M
Cap Rate 9%
$1,432,956
$1.4M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$209.7K $27.96/SF
− Vacancy
−$37.7K −$5.03/SF
EGI
$172.0K $22.93/SF
− OpEx
−$43.0K −$5.73/SF
NOI
$129.0K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,579,320
Cap Rate 7%
$1,842,371
Cap Rate 9%
$1,432,956
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,966 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,119 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 11801, NY
41,779
Population
13,068
Households
3.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
6,236
Density / Sq Mi
$147,945
Median Household Income
$54,052
Median Earnings
$2,992
Median Rent
$611,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale with approximately 7,500 square feet of space.
Where is this office building located?
The property is located at 399 W John St Hicksville, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Office building for sale with approximately 7,500 sq ft of space
