Freestanding Flex Space with Drive-In
For Sale
Contact for pricing
52 Elm Place, Amityville, NY 11701
Industrial building with office area, substantial clear height, and a layout that can be separated into two units.
Property Size5,036 SF
Lot Size0.28 Acres
Price / SF$356.43
Days on Market123
Property Features for 52 Elm Place
General Information
Standard status
Active
Size
5,036 SF
Lot size
0.28 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Building Details
Buildings
1
Building Size
5,036 SF
Listing Agency:
Industry One Realty Corporation
Listed By:
Mario Asaro · License #NY
Source:
Crexi
Added: Apr 30
Changed: Aug 29
Last Checked: Aug 29 at 8:14PM
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
Investment Insights
Based on property information with market context.
This flex-space property contains 5,036 square feet on a 0.28-acre parcel. The building offers 14-foot clear height and two drive-in doors measuring 12 feet by 10 feet, providing defined features for industrial operations. Office space represents 10% of the building, while the overall layout can be divided into two separate units.
Located at 52 Elm Place in Amityville, NY 11701, the property combines a freestanding building format with a divisible interior configuration. The existing physical improvements and drive-in access create a straightforward industrial setting for an owner-user or tenant seeking functional space.
Located at 52 Elm Place in Amityville, NY 11701, the property combines a freestanding building format with a divisible interior configuration. The existing physical improvements and drive-in access create a straightforward industrial setting for an owner-user or tenant seeking functional space.
Key Highlights
- 5,036‑square‑foot freestanding flex‑space building
- 0.28‑acre parcel in Amityville, NY 11701
- 14' clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,174
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,543,480
$1.5M
Cap Rate 7%
$1,102,486
$1.1M
Cap Rate 9%
$857,489
$857.5K
Market Conditions
NOI Build-Up for 5,036 SF
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.
Gross rent
$96.7K $19.20/SF
− Vacancy
−$5.9K −$1.17/SF
EGI
$90.8K $18.03/SF
− OpEx
−$13.6K −$2.70/SF
NOI
$77.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,543,480
Cap Rate 7%
$1,102,486
Cap Rate 9%
$857,489
Alternative Uses
Best Use
Warehouse
$1.10M
$964.7K – $1.29M
NOI $77,174 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$1.02M
$893.8K – $1.19M
NOI $71,500 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,394 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
Median Home Value
Market
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
- Intriguing Vegan — 213 Broadway, Amityville, NY 11701
- Aiden Eateries — 145 Dixon Ave, Amityville, NY 11701
- Golden Pine Deli — 2580 Great Neck Rd, Copiague, NY 11726
Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with office area, substantial clear height, and a layout that can be separated into two units.
Where is this flex space located?
The property is located at 52 Elm Place Amityville, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 5,036‑square‑foot freestanding flex‑space building; 0.28‑acre parcel in Amityville, NY 11701; 14' clear ceiling height
