Multi-Tenant Flex Space
For Sale
$9,999,999
75 Windsor Ave, Mineola, NY 11501
Gated industrial campus with workshops, roll-up doors, truck access, and available units for lease.
Property Size24,200 SF
Lot Size2.00 Acres
Price / SF$413.22
Days on Market366
Property Features for 75 Windsor Ave
General Information
Standard status
Active
Size
24,200 SF
Lot size
2.00 Acres
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Amenities
Window/Wall Unit
3
Building Details
Year Built
1940
Listing Agency:
DH Citadel Real Estate LLC
(917) 817-4747
Listed By:
Deepak Hemrajani
(917) 817-4747
Source:
Xome
Added: Aug 30, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:55PM
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 DH Citadel Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1940, this 24,200-square-foot flex space property occupies 2 acres and includes 24 tenant spaces along with 12 workshops. The workshops feature high ceilings, roll-up doors, and adaptable layouts suited to industrial and service-oriented operations. The site is gated on one side and includes parking, broad drive aisles, and truck access. Three smaller workshops are currently available for lease.
Located at 75 Windsor Ave in Mineola, NY, the property sits within Nassau County’s industrial corridor and offers access to major highways, transportation routes, and commercial hubs. The complex includes window/wall unit cooling and has been maintained for ongoing multi-tenant use.
Located at 75 Windsor Ave in Mineola, NY, the property sits within Nassau County’s industrial corridor and offers access to major highways, transportation routes, and commercial hubs. The complex includes window/wall unit cooling and has been maintained for ongoing multi-tenant use.
Key Highlights
- 24,200‑square‑foot flex space complex on 2 acres
- 24 tenants and 12 workshops across the property
- Three smaller workshops currently available for lease
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
$420,549
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
4.21%
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%
$8,410,980
$8.4M
Cap Rate 7%
$6,007,843
$6.0M
Cap Rate 9%
$4,672,767
$4.7M
Market Conditions
NOI Build-Up for 24,200 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
$531.4K $21.96/SF
− Vacancy
−$36.7K −$1.52/SF
EGI
$494.8K $20.44/SF
− OpEx
−$74.2K −$3.07/SF
NOI
$420.5K $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 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%
$8,410,980
Cap Rate 7%
$6,007,843
Cap Rate 9%
$4,672,767
Alternative Uses
Best Use
Warehouse
$6.01M
$5.26M – $7.01M
NOI $420,549 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$4.95M
$4.33M – $5.77M
NOI $346,334 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$16.00M
$14.00M – $18.67M
NOI $1,120,037 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,162
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Gated industrial campus with workshops, roll-up doors, truck access, and available units for lease.
Where is this flex space located?
The property is located at 75 Windsor Ave Mineola, NY.
What is the asking price?
The asking price for this property is $9,999,999.
What are key features of this property?
This property features: 24,200‑square‑foot flex space complex on 2 acres; 24 tenants and 12 workshops across the property; Three smaller workshops currently available for lease
