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    354 Veterans Memorial Hwy Commack, NY 11725

    Sponsored
    For Sale
    $2,500,000

    High-yield office building, 10,500 sq ft.

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 10,500-square-foot office building situated on a 0.61-acre lot at 354 Veterans Memorial Hwy, Commack, NY 11725. Built in 1980, this property is ideally suited for executive or medical office use, offering significant potential for growth and return. The asking price is $2,500,000, representing a compelling price per square foot of $238.10. The property boasts a strong net operating income (NOI) of $117,632, translating to an attractive cap rate of 4.71%. This makes it an ideal addition to any investor's portfolio seeking stable income and appreciation potential in the thriving Commack market. The building's location in Suffolk County provides easy access to major transportation routes and a diverse range of amenities. This is a rare opportunity to acquire a well-maintained, income-producing asset in a prime location. Detailed financial statements are available upon request. Don't miss this chance to secure a valuable piece of commercial real estate in a highly sought-after area.

    Property Features for 354 Veterans Memorial Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    10,500 SF
    Lot Size
    26,572 SF

    Building Details

    Year Built
    1980

    HighLights

    • $2,500,000 asking price.
    • 10,500 square foot office building.
    • Executive and medical office space available.
    • $238.10 per square foot.
    • 4.71% cap rate.
    • $117,632 Net Operating Income (NOI).
    Property Profile Location Intelligence

    Current Use by Public Records

    Jenny Kay Travel Travel Agency Megan Haas ND Holistic Medicine Practitioner Island Rehabilitation Chiro Chiropractor CPR & First Aid ... Emergency Training Jennifer Digianni Social Worker

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Commack
    County
    Suffolk
    State
    New York
    Longitude
    -73.2608253
    Latitude
    40.8324401

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    FAQs

    What type of property is this?
    Medical office - High-yield office building, 10,500 sq ft.
    Where is this medical office located?
    The property is located at 354 Veterans Memorial Hwy Commack, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; 10,500 square foot office building.; Executive and medical office space available.
    Request Owner's contact information
    354 Veterans Memorial Hwy Commack, NY 11725
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    Commack, NY 11725
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    Realmo Value Estimation

    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.

    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.

    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
    354 Veterans Memorial Hwy Commack, NY 11725
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