Multi-Unit Flex
517 Acorn Street, Deer Park, NY 11729
For Sale
Contact for pricing
Leased flex property with adaptable units, drive-in access, and a mix of office and industrial space.
Property Size17,400 SF
Lot Size1.14 Acres
Price / SF$210.06
Days on Market98
Property Features for 517 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
Building Size
Tenancy
Listing Agency:
Industry One Realty Corporation
Listed By:
Mario Asaro · License #NY
Source:
Crexi
Added: Aug 4
Changed: Oct 25
Last Checked: Nov 8 at 7:01AM
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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Investment Insights
Based on property information with market context.
This flex property contains approximately 17,400 square feet across seven units on 1.14 acres. The building is fully leased, with short lease terms and the potential for certain units to be delivered vacant for an owner-user or investor. Office space accounts for 20% of the layout, while the clear height is approximately 10 feet. The property also includes one drive-in door and gas heat.
Building improvements include a new roof completed in April 2019 and upgraded outdoor lighting installed in 2020. The site is located one mile west of Deer Park Avenue and just south of the LIE, providing a documented position near established road connections.
Building improvements include a new roof completed in April 2019 and upgraded outdoor lighting installed in 2020. The site is located one mile west of Deer Park Avenue and just south of the LIE, providing a documented position near established road connections.
Key Highlights
- +/- 17,400sf building on 1.14 Acres
- 7 Units; 100% leased with short leases
- Some units can be made vacant for a User/Investor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,040
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,940,800
$4.9M
Cap Rate 7%
$3,529,143
$3.5M
Cap Rate 9%
$2,744,889
$2.7M
Market Conditions
NOI Build-Up for 17,400 SF
Gross rent
$375.8K $21.60/SF
− Vacancy
−$22.9K −$1.32/SF
EGI
$352.9K $20.28/SF
− OpEx
−$105.9K −$6.08/SF
NOI
$247.0K $14.20/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,940,800
Cap Rate 7%
$3,529,143
Cap Rate 9%
$2,744,889
Alternative Uses
Best Use
Industrial
$3.53M
$3.09M – $4.12M
NOI $247,040 @ 7.0% cap · market cap 6.76%
Second Best
Flex RnD
$2.88M
$2.52M – $3.36M
NOI $201,574 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$5.30M
$4.64M – $6.18M
NOI $371,059 @ 7.0% cap · market cap 10.15%
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
10 ft
Clear height
1
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
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 - Leased flex property with adaptable units, drive-in access, and a mix of office and industrial space.
Where is this flex space located?
The property is located at 517 Acorn Street Deer Park, NY.
What is the asking price?
The asking price for this property is $3,655,000.
What are key features of this property?
This property features: +/- 17,400sf building on 1.14 Acres; 7 Units; 100% leased with short leases; Some units can be made vacant for a User/Investor
