Industrial Building with Three
For Sale
$2,856,250
7 Old Dock Road, Yaphank, NY 11980
Rear-loaded industrial building with four 10' rollup doors and fenced yard, featuring office space within each unit.
Property Size11,425 SF
Lot Size1.10 Acres
Price / SF$250
Days on Market56
Property Features for 7 Old Dock Road
General Information
Standard status
Active
Size
11,425 SF
Lot size
1.10 Acres
Property subtype
Industrial
Zoning
L1
Additional Details
Fenced Yard
Yes
Drive-In Doors
4
Building Details
Building Size
11,425 SF
Year Built
1987
Listing Agency:
CAMCO Commercial Real Estate
(917) 543-3255
Listed By:
Aric Schachner · License #10301212242
(917) 543-3255
Source:
Camcocre
Added: Jun 25
Changed: Aug 14
Last Checked: Aug 19 at 5:38AM
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 CAMCO Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 7 Old Dock Road is an approximately 11,425 SF industrial building on a 1.1-acre site zoned L1. The building is configured as three demised units and includes a rear-loading layout with four 10' rollup doors. A fenced rear yard supports practical day-to-day operations and vehicle access at the back of the building. Each unit includes office space, with the smaller units offering more than 20% air-conditioned office space, while the larger unit has fully air-conditioned office and warehouse.
The building consists of Unit 1, Unit 2, and Unit 3, with Unit 1 having two rollup doors and Units 2 and 3 each having one rollup door. The property is presented for sale as an investor or owner-user opportunity, with income already established in two of the units and the corner 6,701 SF unit ready to occupy.
For tenants or buyers seeking a flexible industrial setup, the unit configuration provides options for partial or single-unit occupancy. The combination of warehouse space and dedicated, air-conditioned office areas can support companies that need on-site administrative space alongside operations. The rear-yard fencing and multiple rollup doors help streamline loading and access within the demised layout.
The building consists of Unit 1, Unit 2, and Unit 3, with Unit 1 having two rollup doors and Units 2 and 3 each having one rollup door. The property is presented for sale as an investor or owner-user opportunity, with income already established in two of the units and the corner 6,701 SF unit ready to occupy.
For tenants or buyers seeking a flexible industrial setup, the unit configuration provides options for partial or single-unit occupancy. The combination of warehouse space and dedicated, air-conditioned office areas can support companies that need on-site administrative space alongside operations. The rear-yard fencing and multiple rollup doors help streamline loading and access within the demised layout.
Key Highlights
- 11,425 SF industrial building on 1.1 acres (zoned L1) built in 1987
- 3 demised units: two 2,362 SF units rented and a prime 6,701 SF unit ready to occupy
- Rear‑loaded layout with four 10' rollup doors; Unit 1 has two doors and Units 2 and 3 have one each
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
$175,082
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
6.13%
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%
$3,501,640
$3.5M
Cap Rate 7%
$2,501,171
$2.5M
Cap Rate 9%
$1,945,356
$1.9M
Market Conditions
NOI Build-Up for 11,425 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
$219.4K $19.20/SF
− Vacancy
−$13.4K −$1.17/SF
EGI
$206.0K $18.03/SF
− OpEx
−$30.9K −$2.70/SF
NOI
$175.1K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
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%
$3,501,640
Cap Rate 7%
$2,501,171
Cap Rate 9%
$1,945,356
Alternative Uses
Best Use
Warehouse
$2.50M
$2.19M – $2.92M
NOI $175,082 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,641 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11980, NY
4,931
Population
2,467
Households
2
Avg Household Size
44
Median Age
39%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
411
Density / Sq Mi
$106,857
Median Household Income
$61,484
Median Earnings
$2,814
Median Rent
$409,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- American Interfile — 84-D, Horseblock Road, Yaphank, NY 11980
- Devon Self Storage — 84 Long Island Ave, Yaphank, NY 11980
- Certified Transportation Group — 445 Sills Rd M, Yaphank, NY 11980
Frequently Asked Questions
What type of property is this?
Warehouse - Rear-loaded industrial building with four 10' rollup doors and fenced yard, featuring office space within each unit.
Where is this warehouse located?
The property is located at 7 Old Dock Road Yaphank, NY.
What is the asking price?
The asking price for this property is $2,856,250.
What are key features of this property?
This property features: 11,425 SF industrial building on 1.1 acres (zoned L1) built in 1987; 3 demised units: two 2,362 SF units rented and a prime 6,701 SF unit ready to occupy; Rear‑loaded layout with four 10' rollup doors; Unit 1 has two doors and Units 2 and 3 have one each
