Fully Sprinklered Flex
For Sale
Contact for pricing
50 Orville Dr, Bohemia, NY 11716
Fully sprinklered flex warehouse offering three rental units and 86 parking spaces on a 1.64-acre plot.
Property Size28,066 SF
Price / SF$235
Days on Market503
Property Features for 50 Orville Dr
General Information
Standard status
Active
Size
28,066 SF
Property subtype
INDUSTRIAL
Listing Agency:
Rechler Equity Partners
(516) 848-2773
Listed By:
Ted Trias
(516) 848-2773
Source:
Moodyscre
Added: Mar 15, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:12PM
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 Rechler Equity Partners
Investment Insights
Based on property information with market context.
This fully sprinklered flex warehouse features a 12'-7" height under steel and is fully air conditioned. The property is configured as three rental units totaling 28,066 square feet: 6,566 SF, 7,500 SF, and 14,000 SF, providing multiple income streams within one building.
The site includes 86 parking spaces and sits on a 1.64-acre plot. Located at 50 Orville Dr, Bohemia, NY 11716, the property is presented for sale with real estate taxes for 2024/2025 reported at $68,685.75 ($2.45 PSF).
The site includes 86 parking spaces and sits on a 1.64-acre plot. Located at 50 Orville Dr, Bohemia, NY 11716, the property is presented for sale with real estate taxes for 2024/2025 reported at $68,685.75 ($2.45 PSF).
Key Highlights
- Fully sprinklered flex warehouse with three rental units totaling 6,566 SF, 7,500 SF, and 14,000 SF
- 86 parking spaces available on a 1.64‑acre plot
- Fully air conditioned interior
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $538.9k | $19.20 |
| − Vacancy | −$32.9k | −$1.17 |
| EGI | $506.0k | $18.03 |
| − OpEx | −$75.9k | −$2.70 |
| NOI | $430.1k | $15.32 |
28,066 SF · lease $19.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.14M
$5.38M – $7.17M
NOI $430,097 @ 7.0% cap · market cap 6.52%
Second Best
Industrial
$5.69M
$4.98M – $6.64M
NOI $398,472 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$8.55M
$7.48M – $9.98M
NOI $598,514 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11716, NY
10,315
Population
3,535
Households
2.9
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
1,199
Density / Sq Mi
$120,344
Median Household Income
$54,556
Median Earnings
$2,425
Median Rent
$508,500
Median Home Value
Market
Properties on Market for Warehouses in Bohemia
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Suffolk Storage — 1295 Lakeland Ave, Bohemia, NY 11716
- Extra Space Storage — 1590 Lakeland Ave, Bohemia, NY 11716
- Extra Space Storage — 510 Johnson Ave, Bohemia, NY 11716
Frequently Asked Questions
What type of property is this?
Warehouse - Fully sprinklered flex warehouse offering three rental units and 86 parking spaces on a 1.64-acre plot.
Where is this warehouse located?
The property is located at 50 Orville Dr Bohemia, NY.
What is the asking price?
The asking price for this property is $6,595,510.
What are key features of this property?
This property features: Fully sprinklered flex warehouse with three rental units totaling 6,566 SF, 7,500 SF, and 14,000 SF; 86 parking spaces available on a 1.64‑acre plot; Fully air conditioned interior
