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    Turn-Key Ground Floor Medical Office Title is generated by Realmo AI

    8 Technology Drive, East Setauket, NY 11733

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    Claim this Listing
    For Sale
    $999,995

    SINGLE_FAMILY - East Setauket, NY

    Type:Office
    Property size:
    2,500 SF
    Lot size:
    2.84 Acres
    Price / SF:
    $399/SF
    Added:
    May 11, 2025
    Days on Market:
    391
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 8 Technology Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking
    100
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    2,500 SF
    Lot size
    2.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15566

    Utilities

    Utilities
    Cable Available
    Sewer type
    Cesspool
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1988
    Building materials
    Block, Brick, Frame, Stucco

    We can help!

    Listing Contact
    Imtiaz Vesamia

    Listing agent Imtiaz Vesamia

    Listing office Voro LLC 1129 Northern Blvd Ste 404, Great Neck, NY

    Listing date May 11, 2025

    MLS# 860598

    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

    • 2500 sq ft of prime real estate
    • Turn‑key office ready for use
    • Ground floor unit for easy access
    • Suitable for medical practitioner
    • Potential to expand with permits
    • Available for NNN lease

    Overview

    This offering includes a turn-key office space configured as Suite 103, previously used by a medical practitioner. The ground floor unit is designed for convenient patient or customer access, with the available improvements ready for occupancy by the right user. The listing also notes that the space may be expandable with proper permits, providing flexibility for qualified buyers or operators evaluating future space needs.

    Located at 8 Technology Drive in East Setauket, New York, the property is presented for sale in Suffolk County. The parcel is identified as 2.84 acres. In addition to the for-sale option, the space is also described as available for an NNN lease.

    For a medical or office-focused tenant, the combination of a ground floor setup and a space that has already been utilized by a medical practitioner may reduce early build-out considerations. For buyers, the turn-key condition supports a straightforward entry point, while the stated ability to expand with proper permits offers a potential path to accommodate additional requirements over time. Buyers evaluating either an owner-occupant strategy or a lease-oriented approach can consider the included option for NNN leasing as part of their underwriting and planning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Sunil Dhuper Physician Dr. Donna Gentile Dental Office Refined Medical Gym & Fitness Center complete health medical ... Physician

    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.

    Similar Places Nearby

    • Just Cats Health Care — 226 N Belle Mead Rd Ste A, Setauket- East Setauket, NY 11733

    Location Insight

    • Map
    • Local Demand
    City
    East Setauket
    County
    Suffolk
    State
    New York
    Longitude
    -73.085564
    Latitude
    40.897871

    Nearby Similar for Sale

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      2,500 SF

      Turnkey Ground-Floor Medical Office Suite

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      View Details
    • $375,000
      1,146 SF

      East Setauket Office Space

      Office space available for purchase in East Setauket, NY.
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    • Contact for pricing
      6,800 SF

      East Setauket Corner Office Unit

      Corner office unit in Stonybrook Technology/Medical Park.
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      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Turn-key ground floor suite previously used by a medical practitioner, offering easier patient or customer access.
    Where is this medical office space located?
    The property is located at 8 Technology Drive 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: 2500 sq ft of prime real estate; Turn‑key office ready for use; Ground floor unit for easy access
    (631) 935-2689
    We can help!
    Listing Contact
    Imtiaz Vesamia
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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.

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