Nine-Unit Flex Space
513 Acorn Street, Deer Park, NY 11729
For Sale
Contact for pricing
Multi-unit flex property with office allocation, drive-in access, and existing leases offering user and investor flexibility.
Property Size23,000 SF
Lot Size1.20 Acres
Price / SF$217.17
Days on Market98
Property Features for 513 Acorn Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Building Details
Tenancy
Listing Agency:
Industry One Realty Corporation
Listed By:
Mario Asaro · License #NY
Source:
Crexi
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 8 at 9:17AM
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 Industry One Realty Corporation
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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 flex space property contains approximately 23,000 square feet across nine units on 1.2 acres. The building is currently fully leased on short-term leases, with some units potentially available for an owner-user or investor. Approximately 25% of the building is office space, with 13-foot ceiling height, one drive-in door, and gas heat.
Building improvements include a new roof installed in June 2017 and new exterior lighting completed in 2020. The property is located at 513 Acorn Street in Deer Park, approximately 1 mile west of Deer Park Ave and just south of the LIE.
Building improvements include a new roof installed in June 2017 and new exterior lighting completed in 2020. The property is located at 513 Acorn Street in Deer Park, approximately 1 mile west of Deer Park Ave and just south of the LIE.
Key Highlights
- Approximately 23,000sf on 1.2 Acres
- Nine units; currently fully leased on short leases
- Approximately 25% office space with 13’ ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$352,463
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,049,260
$7.0M
Cap Rate 7%
$5,035,186
$5.0M
Cap Rate 9%
$3,916,256
$3.9M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$441.6K $19.20/SF
− Vacancy
−$26.9K −$1.17/SF
EGI
$414.7K $18.03/SF
− OpEx
−$62.2K −$2.70/SF
NOI
$352.5K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,049,260
Cap Rate 7%
$5,035,186
Cap Rate 9%
$3,916,256
Alternative Uses
Best Use
Warehouse
$5.04M
$4.41M – $5.87M
NOI $352,463 @ 7.0% cap · market cap 7.06%
Second Best
Industrial
$4.66M
$4.08M – $5.44M
NOI $326,547 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$7.01M
$6.13M – $8.17M
NOI $490,481 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11729, NY
28,569
Population
9,104
Households
3.1
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,608
Density / Sq Mi
$138,350
Median Household Income
$60,089
Median Earnings
$1,889
Median Rent
$496,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Suffolk County, NY
Properties on Market for Flex space in Suffolk County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit flex property with office allocation, drive-in access, and existing leases offering user and investor flexibility.
Where is this flex space located?
The property is located at 513 Acorn Street Deer Park, NY.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Approximately 23,000sf on 1.2 Acres; Nine units; currently fully leased on short leases; Approximately 25% office space with 13’ ceiling height
