5330 Nesconset Highway, Port Jefferson Station, NY 11776

Building Details

Buildings 1 More

Building Size 2,984 SF More

Listing Agency: Douglas Elliman Commercial

Listed By: Thomas Kelly · License #10401372038 Show Phone

Source: Crexi

Added: Sep 28 Changed: Nov 8 Last Checked: Nov 8 at 4:36PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,984-square-foot medical office property has a flexible interior layout. It previously housed an optometry practice and can serve medical or professional office functions.

The property is on Nesconset Highway in Port Jefferson Station, with water views. Port Jefferson Village, including its dining, retail, entertainment and ferry options, is a short drive away. Major highways and Islip MacArthur Airport are also accessible from the property.

Key Highlights

• 2,984‑square‑foot medical office property
• Former optometry practice with flexible interior layout
• Water views from the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,311

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,026,220 $1.0M

Cap Rate 7%

$733,014 $733.0K

Cap Rate 9%

$570,122 $570.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,984 SF

Gross rent

$83.4K $27.96/SF

− Vacancy

−$15.0K −$5.03/SF

EGI

$68.4K $22.93/SF

− OpEx

−$17.1K −$5.73/SF

NOI

$51.3K $17.20/SF

Area

Suffolk 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%

$1,026,220

Cap Rate 7%

$733,014

Cap Rate 9%

$570,122

Alternative Uses

Best Use

Office B

$733.0K

$641.4K – $855.2K (±1% cap)

NOI $51,311 @ 7.0% cap · market cap 5.97%

Second Best

Healthcare Medical

$681.8K

$596.6K – $795.4K (±1% cap)

NOI $47,726 @ 7.0% cap · market cap 5.55%

Theoretical Best

Office A

$909.1K

$795.4K – $1.06M (±1% cap)

NOI $63,635 @ 7.0% cap · market cap 7.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Howard Kessler, OD Physician Insight Vision Center Physician Stacy's Power washing ... Landscaping

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Plumbing Service Pet Grooming Service Travel Agency Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,559

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 11776, NY

24,205

Population

8,707

Households

2.8

Avg Household Size

42

Median Age

36%

College-Educated

91%

High-School Grad

7.1 sq mi

ZIP Area

3,409

Density / Sq Mi

$119,480

Median Household Income

$60,398

Median Earnings

$2,220

Median Rent

$462,500

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Suffolk County, NY

$604 Jul

$511 Aug

$586 Sep

$335 Oct

Properties on Market for Medical Office Space in Suffolk County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Flexible interior arrangements support medical or professional office use.

Where is this medical office space located?

The property is located at 5330 Nesconset Highway Port Jefferson Station, NY.

What is the asking price?

The asking price for this property is $860,000.

What are key features of this property?

This property features: 2,984‑square‑foot medical office property; Former optometry practice with flexible interior layout; Water views from the property