Turnkey Professional Office
For Sale
Contact for pricing
6268 Jericho Turnpike, Commack, NY 11725
Turnkey office condominium with private offices, reception, ADA accessibility, and on-site parking for professional users.
Property Size1,000 SF
Price / SF$399
Days on Market65
Property Features for 6268 Jericho Turnpike
General Information
Standard status
Active
Size
1,000 SF
Class
B
Property subtype
Office
Zoning
C6
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
2005
Buildings
1
Units
1
Listing Agency:
Capri Industrial Partners
Listed By:
Stephen Davis · License #10491212764
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 10 at 4:08PM
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 Capri Industrial Partners
Investment Insights
Based on property information with market context.
This turnkey professional office condominium offers an approximately 1,000 SF layout with multiple private offices, a reception area, and a waiting room. The suite includes a private restroom and is described as ADA accessible, supporting a range of office and professional needs. The property is positioned for ongoing day-to-day operations with central air conditioning and forced air heat, and it is noted as well-maintained.
The building is located on highly visible Jericho Turnpike in Commack. The listing also notes ample parking and convenient access to major roadways and surrounding commercial establishments, providing straightforward arrival and visibility for clients and visitors.
Designed for an owner-user or professional tenant, the space is identified as suitable for medical, legal, accounting, insurance, therapy, and other professional office uses. With common charges of approximately $190 per month and real estate taxes of approximately $4,000 per year noted in the offering, buyers can underwrite carrying costs with the information provided. Showings are available by appointment, and a floor plan can be made available upon request.
The building is located on highly visible Jericho Turnpike in Commack. The listing also notes ample parking and convenient access to major roadways and surrounding commercial establishments, providing straightforward arrival and visibility for clients and visitors.
Designed for an owner-user or professional tenant, the space is identified as suitable for medical, legal, accounting, insurance, therapy, and other professional office uses. With common charges of approximately $190 per month and real estate taxes of approximately $4,000 per year noted in the offering, buyers can underwrite carrying costs with the information provided. Showings are available by appointment, and a floor plan can be made available upon request.
Key Highlights
- Turnkey 2005‑built professional office condominium with approximately 1,000 SF of office space
- Layout includes multiple private offices, reception area, waiting room, and a private restroom
- ADA accessibility and central air conditioning
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
$17,195
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%
$343,900
$343.9K
Cap Rate 7%
$245,643
$245.6K
Cap Rate 9%
$191,056
$191.1K
Market Conditions
NOI Build-Up for 1,000 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
$28.0K $27.96/SF
− Vacancy
−$5.0K −$5.03/SF
EGI
$22.9K $22.93/SF
− OpEx
−$5.7K −$5.73/SF
NOI
$17.2K $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 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%
$343,900
Cap Rate 7%
$245,643
Cap Rate 9%
$191,056
Alternative Uses
Best Use
Office B
$245.6K
$214.9K – $286.6K
NOI $17,195 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$228.5K
$199.9K – $266.6K
NOI $15,994 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$304.6K
$266.6K – $355.4K
NOI $21,325 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 11725, NY
28,838
Population
9,452
Households
3.1
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
9.7 sq mi
ZIP Area
2,973
Density / Sq Mi
$168,324
Median Household Income
$79,098
Median Earnings
$2,358
Median Rent
$643,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office condominium with private offices, reception, ADA accessibility, and on-site parking for professional users.
Where is this office units located?
The property is located at 6268 Jericho Turnpike Commack, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Turnkey 2005‑built professional office condominium with approximately 1,000 SF of office space; Layout includes multiple private offices, reception area, waiting room, and a private restroom; ADA accessibility and central air conditioning
