581 Middle Road, Bay Port, NY 11705

Building Details

Buildings 1 More

Stories 1 More

Building Size 2,100 SF More

Listing Agency: American Investment Properties

Listed By: Ron Koenigsberg CCIM · License NY 31K00933350 Show Phone

Source: Crexi

Added: Sep 17 Changed: Nov 7 Last Checked: Nov 8 at 9:09AM

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Investment Insights

Based on property information with market context.

This freestanding medical office property in Bayport contains a single-story building with 2,100 square feet of space. The site encompasses 0.57 acres, providing a dedicated parcel for the standalone facility.

Key Highlights

• 2,100‑square‑foot medical office building
• 0.57‑acre parcel
• Single‑story freestanding facility in Bayport

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,110

Cap Rate

3.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$722,200 $722.2K

Cap Rate 7%

$515,857 $515.9K

Cap Rate 9%

$401,222 $401.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$58.7K $27.96/SF

− Vacancy

−$10.6K −$5.03/SF

EGI

$48.1K $22.93/SF

− OpEx

−$12.0K −$5.73/SF

NOI

$36.1K $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%

$722,200

Cap Rate 7%

$515,857

Cap Rate 9%

$401,222

Alternative Uses

Best Use

Office B

$515.9K

$451.4K – $601.8K (±1% cap)

NOI $36,110 @ 7.0% cap · market cap 3.14%

Second Best

Healthcare Medical

$479.8K

$419.8K – $559.8K (±1% cap)

NOI $33,587 @ 7.0% cap · market cap 2.92%

Theoretical Best

Office A

$639.8K

$559.8K – $746.4K (±1% cap)

NOI $44,783 @ 7.0% cap · market cap 3.90%

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

Faiza Mallick, MD Physician Robert Roche MD Physician NY Health - Bayport Medical Clinic

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Auto Parts Store Grocery & Convenience Store Bakery

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

Location Intelligence

Trade Area within ½ mile

300

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11705, NY

7,951

Population

2,988

Households

2.7

Avg Household Size

44

Median Age

56%

College-Educated

99%

High-School Grad

3.4 sq mi

ZIP Area

2,339

Density / Sq Mi

$161,214

Median Household Income

$77,515

Median Earnings

$2,193

Median Rent

$618,300

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

Similar Off Market Nearby

• Bayport Village Animal Health — 600 Middle Rd, Bayport, NY 11705
• BVAHC — 600 Middle Rd, Bayport, NY 11705

Frequently Asked Questions

What type of property is this?

Medical Office Space - The standalone facility is configured on one level in Bayport.

Where is this medical office space located?

The property is located at 581 Middle Road Bay Port, NY.

What is the asking price?

The asking price for this property is $1,149,000.

What are key features of this property?

This property features: 2,100‑square‑foot medical office building; 0.57‑acre parcel; Single‑story freestanding facility in Bayport