Industrial Warehouse with Drive-In
For Sale
Contact for pricing
4230 INDUSTRIAL PL, Island Park, NY 11558
Industrial warehouse on a 0.25-acre parcel with 6 drive-in doors and a 12-foot clear ceiling height.
Property Size7,674 SF
Lot Size0.25 Acres
Price / SF$195.47
Days on Market182
Property Features for 4230 INDUSTRIAL PL
General Information
Standard status
Active
Size
7,674 SF
Lot size
0.25 Acres
Property subtype
Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
6
Additional Details
Business Included
Yes
Building Details
Year Built
1947
Buildings
1
Stories
1
Units
3
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Michael Tuccillo · License #NY 10401244358
(212) 430-5196
Source:
Crexi
Added: Apr 24
Changed: Oct 2
Last Checked: Oct 20 at 7:17PM
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 Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present 4230 Industrial Place, an industrial warehouse offering approximately 7,674 square feet on a 0.25-acre parcel. The facility includes six (6) drive-in doors and 12-foot clear ceiling height, supporting straightforward loading and versatile warehouse operations. An existing business operation is also available for acquisition alongside the real estate.
The property is located near major demand drivers, including the Island Park LIRR Station, CVS Pharmacy, local schools, and nearby retail centers, supporting established connectivity within the area.
For more details on the configuration and the included business opportunity, additional information is available upon request.
The property is located near major demand drivers, including the Island Park LIRR Station, CVS Pharmacy, local schools, and nearby retail centers, supporting established connectivity within the area.
For more details on the configuration and the included business opportunity, additional information is available upon request.
Key Highlights
- Industrial warehouse on a 0.25‑acre parcel with approximately 7,674 SF of industrial space
- Six (6) drive‑in doors for loading and flexible industrial use
- 12‑foot clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,359
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,667,180
$2.7M
Cap Rate 7%
$1,905,129
$1.9M
Cap Rate 9%
$1,481,767
$1.5M
Market Conditions
NOI Build-Up for 7,674 SF
Gross rent
$168.5K $21.96/SF
− Vacancy
−$11.6K −$1.52/SF
EGI
$156.9K $20.44/SF
− OpEx
−$23.5K −$3.07/SF
NOI
$133.4K $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 Rate 5%
$2,667,180
Cap Rate 7%
$1,905,129
Cap Rate 9%
$1,481,767
Alternative Uses
Best Use
Warehouse
$1.91M
$1.67M – $2.22M
NOI $133,359 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.07M
$4.44M – $5.92M
NOI $355,172 @ 7.0% cap · market cap 23.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
6
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11558, NY
8,954
Population
3,317
Households
2.7
Avg Household Size
44
Median Age
36%
College-Educated
93%
High-School Grad
1.5 sq mi
ZIP Area
5,969
Density / Sq Mi
$109,443
Median Household Income
$62,091
Median Earnings
$2,212
Median Rent
$601,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- GIGI MINI STORAGE — 4178 Industrial Pl, Island Park, NY 11558
- Public Storage — 4116 Austin Blvd, Island Park, NY 11558
- Omega Self Storage — 4178 Industrial Pl, Island Park, NY 11558
- Central Self Storage — 4055 Austin Blvd, Island Park, NY 11558
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse on a 0.25-acre parcel with 6 drive-in doors and a 12-foot clear ceiling height.
Where is this warehouse located?
The property is located at 4230 INDUSTRIAL PL Island Park, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Industrial warehouse on a 0.25‑acre parcel with approximately 7,674 SF of industrial space; Six (6) drive‑in doors for loading and flexible industrial use; 12‑foot clear ceiling height
