Ground-Floor Office
For Sale
$999,995
8 Technology Dr Unit 103, East Setauket, NY 11733
Approximately 2,500 square feet with direct ground-level access and prior medical office use.
Property Size2,500 SF
Price / SF$399
Days on Market47
Property Features for 8 Technology Dr Unit 103
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Floor
Ground Floor
Building Details
Year Built
1988
Listing Agency:
Voro LLC
Listed By:
Imtiaz Vesamia
(631) 935-2689
Source:
Realtyconnectusa
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 5:44PM
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 Voro LLC
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Investment Insights
Based on property information with market context.
Suite 103 is a 2,500-square-foot ground-floor office unit in a building constructed in 1988. The space was previously occupied by a medical practitioner and provides convenient access for patients, customers, staff, or general office users.
The property is located at 8 Technology Dr in East Setauket, New York. The unit is offered for sale and may also be available under an NNN lease structure. Expansion may be considered subject to obtaining the required permits.
The property is located at 8 Technology Dr in East Setauket, New York. The unit is offered for sale and may also be available under an NNN lease structure. Expansion may be considered subject to obtaining the required permits.
Key Highlights
- 2,500‑square‑foot office unit
- Ground‑floor configuration for convenient access
- Previously used by a medical practitioner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,989
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,780
$859.8K
Cap Rate 7%
$614,129
$614.1K
Cap Rate 9%
$477,656
$477.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$69.9K $27.96/SF
− Vacancy
−$12.6K −$5.03/SF
EGI
$57.3K $22.93/SF
− OpEx
−$14.3K −$5.73/SF
NOI
$43.0K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,780
Cap Rate 7%
$614,129
Cap Rate 9%
$477,656
Alternative Uses
Best Use
Office B
$614.1K
$537.4K – $716.5K
NOI $42,989 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$571.2K
$499.8K – $666.4K
NOI $39,985 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$761.6K
$666.4K – $888.6K
NOI $53,313 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
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Business Placement
Demographics for 11733, NY
17,967
Population
6,547
Households
2.7
Avg Household Size
46
Median Age
63%
College-Educated
97%
High-School Grad
11.7 sq mi
ZIP Area
1,536
Density / Sq Mi
$174,931
Median Household Income
$76,192
Median Earnings
$2,386
Median Rent
$653,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Approximately 2,500 square feet with direct ground-level access and prior medical office use.
Where is this office unit located?
The property is located at 8 Technology Dr Unit 103 East Setauket, NY.
What is the asking price?
The asking price for this property is $999,995.
What are key features of this property?
This property features: 2,500‑square‑foot office unit; Ground‑floor configuration for convenient access; Previously used by a medical practitioner
