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    700 Rockaway Turnpike, Lawrence, NY 11559

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    Claim this Listing
    For Lease
    $30 SF/Yr $10,000/Mo (calc)

    COMMERCIAL - Lawrence, NY

    Type:Office
    Property size:
    4,000 SF
    Lot size:
    1.02 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    24
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 700 Rockaway Turnpike

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Assigned, Parking Lot
    Standard status
    Active
    APN
    2089-39-352-00-0027-0
    Size
    4,000 SF
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    208764

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Louisa Borriello

    Listing agent Louisa Borriello License #NY 10301204630

    Listing office Charles Rutenberg Realty Inc 255 Executive Dr Ste 208, Plainview, NY

    Listing date Apr 23, 2026

    MLS# 989837

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Convenient Location: Just 4 miles to JFK Airport and logistics centers.
    • Large Open‑Floor Plan: Accommodates up to 50 workstations.
    • Private Entrance & Reception Area: Exclusive access and client waiting area.
    • Functional Amenities: Includes a conference room, break room with kitchenette, and IT/server room.
    • Dedicated Parking: 5 assigned parking spaces included.
    • Bright Interior: Excellent natural light throughout the office space.

    Overview

    This bright and versatile 4,000 square foot office space is located on the 1st Floor of a professional office building. The unit features a private entrance and exclusive reception or waiting area. The office has an open-floor plan accommodating up to 50 workstations, one private executive office, and a dedicated conference room. A large break room with a kitchenette provides staff convenience, along with an IT-server room and separate utility closet. There are two private in-suite restrooms. The interior is bright and sunny with excellent natural light. The property includes five assigned parking spaces, with additional first-come parking available on-site. The space is ideal for tech firms, startups, professional services, or any business that values a combination of open workspaces and private meeting areas. The office is currently configured with 50 high-quality workstations installed by the previous tenant. All existing furniture is available for purchase directly from the previous tenant, if desired. The property is located in Lawrence, NY, approximately 4 miles from JFK and a hub of logistic centers. The lot size is 1.0152 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A.P. Doors & Gates Building Supply Baldwin Injury Chiropractic Alternative Medicine Practice Veteran Electrical Contracting, ... Electrical Service Excel International Co Freight Service American Lamprecht Transport ... Freight Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Nassau
    State
    New York
    Longitude
    -73.739286
    Latitude
    40.634747

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    FAQs

    What type of property is this?
    Office units - Bright, 4,000 sqft office space with private entrance.
    Where is this office units located?
    The property is located at 700 Rockaway Turnpike Lawrence, NY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Convenient Location: Just 4 miles to JFK Airport and logistics centers.; Large Open‑Floor Plan: Accommodates up to 50 workstations.; Private Entrance & Reception Area: Exclusive access and client waiting area.
    (516) 805-0318
    We can help!
    Listing Contact
    Louisa Borriello
    Real Estate License ID: NY 10301204630
    Learn More
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    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
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