Industrial Facility Along Sunrise
For Sale
Contact for pricing
Pending
55 Saint Johns Pl, Freeport, NY 11520
IN1-zoned industrial facility positioned within an established business corridor serving industrial and commercial operators.
Property Size5,000 SF
Lot Size0.19 Acres
Days on Market94
Property Features for 55 Saint Johns Pl
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.19 Acres
Property subtype
Industrial
Zoning
IN1
Lease Type
Gross
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Building Size
5,000 SF
Listing Agency:
Tripoint Real Estate
Listed By:
Christopher Cardenas · License #10491213447
Source:
Crexi
Added: Jul 14
Changed: Oct 10
Last Checked: Oct 14 at 9:34PM
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 Tripoint Real Estate
Investment Insights
Based on property information with market context.
This industrial facility contains ±5,000 square feet on approximately 0.19 acres and is zoned IN1. The property is located in the Town of Hempstead and offers a compact industrial footprint suited to a range of operational requirements supported by the applicable zoning designation.
The facility fronts the Sunrise Highway corridor in Freeport, within an established Nassau County business area. Nearby businesses include industrial, warehouse, manufacturing, automotive, distribution, and commercial service operations. The surrounding context also includes densely populated residential communities and an established local workforce, providing a broad employment and customer base for businesses operating from the property.
The facility fronts the Sunrise Highway corridor in Freeport, within an established Nassau County business area. Nearby businesses include industrial, warehouse, manufacturing, automotive, distribution, and commercial service operations. The surrounding context also includes densely populated residential communities and an established local workforce, providing a broad employment and customer base for businesses operating from the property.
Key Highlights
- ±5,000 square foot industrial facility
- Approximately 0.19 acres
- IN1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,557
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,431,140
$1.4M
Cap Rate 7%
$1,022,243
$1.0M
Cap Rate 9%
$795,078
$795.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$109.8K $21.96/SF
− Vacancy
−$7.6K −$1.52/SF
EGI
$102.2K $20.44/SF
− OpEx
−$30.7K −$6.13/SF
NOI
$71.6K $14.31/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,431,140
Cap Rate 7%
$1,022,243
Cap Rate 9%
$795,078
Alternative Uses
Best Use
Industrial
$1.02M
$894.5K – $1.19M
NOI $71,557 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.89M – $3.86M
NOI $231,413 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 11520, NY
45,121
Population
14,912
Households
3
Avg Household Size
39
Median Age
27%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
8,847
Density / Sq Mi
$119,407
Median Household Income
$47,475
Median Earnings
$1,984
Median Rent
$480,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - IN1-zoned industrial facility positioned within an established business corridor serving industrial and commercial operators.
Where is this industrial property located?
The property is located at 55 Saint Johns Pl Freeport, NY.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: ±5,000 square foot industrial facility; Approximately 0.19 acres; IN1 zoning
