Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    66A Medford Ave A Patchogue, NY 11772

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,975 /Mo

    Thriving commercial space in Patchogue, NY, with high visibility.

    Type:Commercial
    Added:
    Apr 21, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 21 at 12:05 am

    Property Features for 66A Medford Ave A

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Theodore Gounelas CBR

    Listing agent Theodore Gounelas CBR

    Listing office

    Listing date Apr 21, 2026

    Source Elliman

    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 Theodore Gounelas CBR

    Overview

    Prime Commercial Lease Space Available

    This commercial lease space at 66A Medford Ave., Patchogue, NY, presents an opportunity for businesses seeking a strategic location. The property features a spacious and versatile floor plan suitable for various business types. The building has a professional and modern facade. Abundant natural light creates an inviting work environment. Convenient parking is available for employees and clients. The location offers high visibility and foot traffic. Proximity to major transportation hubs facilitates accessibility. The property is surrounded by a mix of businesses, fostering a supportive community. This commercial lease space offers a foundation to propel your business. The location has a bike score of 51, indicating it is bikeable, and a walk score of 70, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Joy Accounting LLC Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -73.007792
    Latitude
    40.768562

    Nearby Similar for Lease

    • $5,000/Mo

      Main Street Office Space Available

      Well-maintained office unit on Main Street in Patchogue, NY.
      178 W Main Street, Patchogue, NY 11772
      View Details
    • $20 SF/Yr

      Flexible Warehouse and Office Space

      Renovated office and warehouse space in Patchogue, NY.
      429 W Main Street, Patchogue, NY 11772
      View Details
    • $4,800/Mo

      Downtown Patchogue Village Commercial Space

      Prime commercial space in bustling Patchogue Village, great visibility.
      42-44 S Ocean Avenue, Patchogue, NY 11772
      View Details
    • $20 SF/Yr

      Flexible Warehouse and Office Space

      Renovated warehouse and office space in Patchogue with modern finishes.
      429 W Main St, Patchogue, NY 11772
      View Details
    • $30 SF/Yr

      Industrial Warehouses with Yard

      Two warehouses totaling 6,100 SF with parking.
      464 E Main St, Patchogue, NY 11772
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Class A medical office building with prominent Main Street frontage.
      214 E Main St, Patchogue, NY 11772
      View Details
    • $12 SF/Yr

      Spacious Pet-Friendly Patchogue Apartment

      Three-bedroom, one-bath apartment in Patchogue with shared backyard.
      104 River Ave, Patchogue, NY 11772
      View Details
    • $12 SF/Yr

      Spacious Patchogue Apartment For Rent

      Pet-friendly 3-bedroom apartment near Patchogue Village.
      96 River Ave, Patchogue, NY 11772
      View Details
    • $31 SF/Yr

      Restaurant Space on Main Street

      Corner restaurant space available for rent on Main Street.
      1 Village Green, Patchogue, NY
      View Details
    • $12 SF/Yr

      Renovated One Bedroom Apartment

      Renovated one-bedroom apartment with parking and shared backyard.
      101 Miramar Ave B, Patchogue, NY 11772
      View Details
    • Contact for pricing

      Freestanding Building on Sunrise Highway

      Freestanding building with excellent frontage and high traffic volume.
      106 S Service Rd, Patchogue, NY
      View Details
    • $45 SF/Yr

      Office Space in Patchogue

      Office space available for lease in Patchogue, NY.
      120 E Main St, Patchogue, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Thriving commercial space in Patchogue, NY, with high visibility.
    Where is this office units located?
    The property is located at 66A Medford Ave A Patchogue, NY.
    What is the lease rate?
    The lease rate is $1,975 /Mo.
    What are key features of this property?
    This property features: High visibility and foot traffic area, ensuring maximum exposure for your brand.; Spacious and versatile floor plan to accommodate various business types.; Convenient parking for employees and clients, making daily commutes hassle‑free.
    (631) 455-6018
    We can help!
    Listing Contact
    Theodore Gounelas CBR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!