Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical & Professional Office Suites Title is generated by Realmo AI

    700-760 Old Country Rd, Plainview, NY 11803

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Medical and professional office suites for lease with parking.

    Type:Office
    Added:
    Feb 4, 2023
    Days on Market:
    1215
    Last Refresh:
    May 12 at 9:04 pm

    Property Features for 700-760 Old Country Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 700-760 Old Country Rd Contact us

    We can help!

    Listing Contact
    Grant Dolgin

    Listing agent Grant Dolgin License #NY 40DO1178362

    Listing office Kalmon Dolgin Affilliates, Inc.

    Listing date Feb 4, 2023

    Source Crexi

    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 Kalmon Dolgin Affilliates, Inc.

    HighLights

    • Down the street from Plainview Hospital, a prime medical location.
    • Move‑in ready or build‑to‑suit options available.
    • Plenty of parking for staff and visitors.
    • Minutes to Northern State Parkway and Long Island Expressway (LIE) for easy commuting.
    • On‑site super provides convenient maintenance.
    • Medical & Professional office suites available.

    Overview

    Three medical and professional office suites are available for lease in a two-story building. The property offers ample parking and on-site superintendent services. Suites are move-in ready or can be built to suit. The building is located down the street from Plainview Hospital and offers convenient access to Northern State Parkway and the Long Island Expressway.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Old Country Animal Clinic — 669 Old Country Rd, Plainview, NY 11803

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Nassau
    State
    New York
    Longitude
    -73.489516
    Latitude
    40.772144

    Nearby Similar for Lease

    • $20 SF/Yr
      6,000 SF

      Plainview Warehouse/Manufacturing Space Available

      6,000 SF fully air-conditioned warehouse/manufacturing space for lease.
      122-132 Dupont St, Plainview, NY 11803
      View Details
    • $17 SF/Yr
      17,500 SF

      Plainview Warehouse/Manufacturing Space Available

      17,500 SF fully air-conditioned warehouse/manufacturing space for lease.
      127-135 Dupont St, Plainview, NY 11803
      View Details
    • $23 SF/Yr
      22,100 SF

      Long Island Warehouse and Office

      Warehouse and office space for rent in Long Island.
      1 Fairchild Ct, Plainview, NY
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Plainview

      Retail property for lease in a high-traffic Plainview location.
      1000-1054 Old Country Rd, Plainview, NY
      View Details
    • Contact for pricing
      20,040 SF

      Renovated Flex Space Available

      20,040 SF renovated building with customizable interiors.
      210 Express St, Plainview, NY 11803
      View Details
    • $32 SF/Yr
      1,607 SF

      Plainview Office Space Available

      Office space for rent with convenient highway access and parking.
      255 Executive Dr, Plainview, NY
      View Details
    • Contact for pricing
      30,000 SF

      Plainview Office Space Available

      30000 sqft office space for rent in Plainview, NY.
      303 Sunnyside Boulevard, Plainview, NY, 11803
      View Details
    • Contact for pricing
      22,075 SF

      Plainview Retail Space Available

      Retail property available for lease in Plainview, New York.
      219 South Service Road, Plainview, NY, 11803
      View Details
    • Contact for pricing
      6,000 SF

      Medical Office Space Available

      6,000 SF medical office space for rent.
      1074 Old Country Rd, Plainview, NY
      View Details
    • Contact for pricing
      765 SF

      Retail Spaces in Plainview Center

      Retail and restaurant spaces available in Plainview shopping center.
      589-613 Old Country Rd, Plainview, NY
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Available For Lease

      Retail spaces available in Plainview, New York.
      998-1054 Old Country Road, Plainview, NY 11803
      View Details
    • Contact for pricing

      2.73 Acres Truck Parking Available

      2.73 acres for truck, car, van, parkway parking.
      35 South Service Road, Plainview, NY, 11803
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical and professional office suites for lease with parking.
    Where is this medical office space located?
    The property is located at 700-760 Old Country Rd Plainview, NY.
    What are key features of this property?
    This property features: Down the street from Plainview Hospital, a prime medical location.; Move‑in ready or build‑to‑suit options available.; Plenty of parking for staff and visitors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Grant Dolgin
    Real Estate License ID: NY 40DO1178362
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    700-760 Old Country Rd, Plainview, NY 11803
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!