Industrial Building For
For Sale
Contact for pricing
136 Gazza Blvd., Farmingdale, NY 11735
4,800 SF industrial building, user or investor opportunity.
Property Size8,400 SF
Price / SF$273.21
Days on Market841
Property Features for 136 Gazza Blvd.
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Industrial
Zoning
G-Industry (Light)
Building Details
Stories
1
Listing Agency:
Alliance Real Estate Corp
Listed By:
Alberto Fiorini · License #NY 10311200842
(631) 392-0784
Source:
Crexi
Added: May 16, 2024
Changed: Sep 2
Last Checked: Sep 1 at 9:55PM
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 Alliance Real Estate Corp
Investment Insights
Based on property information with market context.
The property features an approximately 4,800 square foot industrial building suitable for either user or investor. The building can be divided into two units. Each unit is approximately 4,200 square feet and includes one overhead door, 200 amps of 3-phase power, and separate utilities for heat and electric. The property is in close proximity to the Long Island Rail Road and Routes 109 and 110 (Broadhollow Road). The building will be delivered vacant with arranged occupancy.
Key Highlights
- 4,800 SF Industrial Building Delivered Vacant
- Divides into Two Units (4,200 SF each)
- Each Unit has One OH Door
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
$120,215
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
5.24%
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%
$2,404,300
$2.4M
Cap Rate 7%
$1,717,357
$1.7M
Cap Rate 9%
$1,335,722
$1.3M
Market Conditions
NOI Build-Up for 8,400 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
$184.5K $21.96/SF
− Vacancy
−$12.7K −$1.52/SF
EGI
$171.7K $20.44/SF
− OpEx
−$51.5K −$6.13/SF
NOI
$120.2K $14.31/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,404,300
Cap Rate 7%
$1,717,357
Cap Rate 9%
$1,335,722
Alternative Uses
Best Use
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,215 @ 7.0% cap · market cap 5.24%
Second Best
Flex RnD
$1.59M
$1.40M – $1.86M
NOI $111,628 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$5.55M
$4.86M – $6.48M
NOI $388,773 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - 4,800 SF industrial building, user or investor opportunity.
Where is this flex space located?
The property is located at 136 Gazza Blvd. Farmingdale, NY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 4,800 SF Industrial Building Delivered Vacant; Divides into Two Units (4,200 SF each); Each Unit has One OH Door
