Two-Story Office
For Sale
$1,175,000
5260 Merrick Rd, Massapequa, NY 11758
Office property with basement space and General Business zoning in the Town of Oyster Bay.
Property Size3,780 SF
Lot Size0.12 Acres
Price / SF$310.85
Days on Market94
Property Features for 5260 Merrick Rd
General Information
Standard status
Active
Size
3,780 SF
Class
C
Lot size
0.12 Acres
Property subtype
office
Zoning
General Business (GB)
Building Details
Buildings
1
Stories
2
Listing Agency:
Melville
(212) 812-5700
Listed By:
Joseph Lopresti · License #40LO0967062
(631) 962-7384
Source:
Property.jll
Added: Jul 16
Changed: Oct 9
Last Checked: Oct 16 at 5:59AM
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 Melville
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Investment Insights
Based on property information with market context.
The property is a 3,780-square-foot office building arranged across two stories with an additional basement. It occupies 0.12 acres and is located at 5260 Merrick Rd in Massapequa, New York.
Zoning is General Business (GB) in the Town of Oyster Bay, providing the property’s documented commercial land-use designation.
Zoning is General Business (GB) in the Town of Oyster Bay, providing the property’s documented commercial land-use designation.
Key Highlights
- 3,780‑square‑foot office building
- Two stories plus basement
- 0.12‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,999
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,980
$1.3M
Cap Rate 7%
$928,557
$928.6K
Cap Rate 9%
$722,211
$722.2K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$105.7K $27.96/SF
− Vacancy
−$19.0K −$5.03/SF
EGI
$86.7K $22.93/SF
− OpEx
−$21.7K −$5.73/SF
NOI
$65.0K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,980
Cap Rate 7%
$928,557
Cap Rate 9%
$722,211
Alternative Uses
Best Use
Office B
$928.6K
$812.5K – $1.08M
NOI $64,999 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $174,948 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 11758, NY
54,226
Population
19,297
Households
2.8
Avg Household Size
44
Median Age
50%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
4,519
Density / Sq Mi
$157,404
Median Household Income
$72,947
Median Earnings
$2,153
Median Rent
$624,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office property with basement space and General Business zoning in the Town of Oyster Bay.
Where is this office building located?
The property is located at 5260 Merrick Rd Massapequa, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 3,780‑square‑foot office building; Two stories plus basement; 0.12‑acre property
