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    475 Babylon Tpke Freeport, NY 11520

    Sponsored
    Sponsored
    For Lease
    $22 SF/Yr

    TheMusicMall Studios for Sale with Location Rental

    Description

    Added:
    Dec 7, 2025
    Days on Market:
    50
    $25,000 (Includes Build Out, Website, Phone Number and Studio Equipment)
    All FIVE STAR reviews, check out on Google and see additional pictures.
    You will need around $43K at closing which includes Buyout, First, Security and Lease)

    Turnkey business... open for business from day one!

    Includes Furniture, Fixtures and Deco
    Security System with 10 Cameras
    Digital entry system with fingerprint access or codes
    Break Room with Sink and cabinets
    Two Recording Studios with equipment and professional filtered exhaust system to the outside
    Photography Studio with equipment
    Videography Studio
    Climate controlled Large Garage can be made into more interior space
    Two Offices
    Two Bathrooms
    Two Private Parking Spaces
    Plenty of off-site Free parking
    Excellent lay out
    Outdoor back patio with two new tables and lighted umbrellas Seats 16 people comfortably

    Property Features for 475 Babylon Tpke

    General Information

    Property type
    Retail properties
    Lease Type
    Modified Gross Lease
    TSF (Total sq. ft)
    2,800-2,800 SF
    USF (Usable sq. ft)
    2,800-2,800 SF
    Total Parking Spaces
    2
    Elevators
    No
    Lease Term
    3-4 Years

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Ken Scott

    Learn more

    Property Insight Report
    Location Intelligence

    Current Use by Public Records

    Rage House Recording ... Recording Studio Express Tree Services ... Tree Service Jedaro Home Improvement Home Improvement Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    State
    New York
    Longitude
    -73.5751028
    Latitude
    40.6684142

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    FAQs

    What type of property is this?
    Retail property - TheMusicMall Studios for Sale with Location Rental
    Where is this retail property located?
    The property is located at 475 Babylon Tpke Freeport, NY.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    (516) 308-2270
    Request Owner's contact information
    475 Babylon Tpke Freeport, NY 11520
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    Freeport, NY 11520
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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
    475 Babylon Tpke Freeport, NY 11520
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    We can help!
    Listing Contact
    Ken Scott
    (516) 308-2270
    Learn more
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