Warehouse with Drive-In
For Sale
Contact for pricing
72 Milbar Boulevard, Farmingdale, NY 11735
Warehouse facility with paved grounds, HVAC, sewer connections, and a dedicated office component.
Property Size7,200 SF
Lot Size0.63 Acres
Price / SF$472.22
Days on Market52
Property Features for 72 Milbar Boulevard
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.63 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Conditioned Warehouse
Yes
Additional Details
Utilities to Site
Yes
Building Details
Building Size
7,200 SF
Listing Agency:
Industry One Realty Corporation
Listed By:
Mario Asaro · License #NY
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 8:36AM
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 Industry One Realty Corporation
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Investment Insights
Based on property information with market context.
This warehouse property provides approximately 7,200 square feet on 0.63 acres, including an office area representing 10% of the building. The facility offers 14 feet of clear ceiling height, two drive-in doors, HVAC throughout, and sewer connectivity. A fully paved lot supports site circulation and outdoor operations.
Located at 72 Milbar Boulevard in Farmingdale, New York, the property combines warehouse functionality with office space and established site improvements. The drive-in access, clear height, paved grounds, and building-wide HVAC provide a practical configuration for commercial occupancy.
Located at 72 Milbar Boulevard in Farmingdale, New York, the property combines warehouse functionality with office space and established site improvements. The drive-in access, clear height, paved grounds, and building-wide HVAC provide a practical configuration for commercial occupancy.
Key Highlights
- +/- 7,200sf on .63 Acres
- 10% office component
- 14’ clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,122
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,440
$2.5M
Cap Rate 7%
$1,787,457
$1.8M
Cap Rate 9%
$1,390,244
$1.4M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$158.1K $21.96/SF
− Vacancy
−$10.9K −$1.52/SF
EGI
$147.2K $20.44/SF
− OpEx
−$22.1K −$3.07/SF
NOI
$125.1K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,440
Cap Rate 7%
$1,787,457
Cap Rate 9%
$1,390,244
Alternative Uses
Best Use
Warehouse
$1.79M
$1.56M – $2.09M
NOI $125,122 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.76M
$4.17M – $5.55M
NOI $333,234 @ 7.0% cap · market cap 9.80%
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
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Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Tri-State Area Movers — 80 Smith St, Farmingdale, NY 11735
- Crescent Cold Storage — 30 Central Ave, Farmingdale, NY 11735
- Joseph Barton — 225 Central Ave, Farmingdale, NY 11735
- Prime Storage — 2091 New Hwy, Farmingdale, NY 11735
- All American Van Lines Inc — 303 Smith St, Farmingdale, NY 11735
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility with paved grounds, HVAC, sewer connections, and a dedicated office component.
Where is this warehouse located?
The property is located at 72 Milbar Boulevard Farmingdale, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: +/- 7,200sf on .63 Acres; 10% office component; 14’ clear ceiling height
