Renovated Mixed-Use Property Near
For Sale
Contact for pricing
390 Moffitt Blvd, Islip, NY 11751
Mixed-use property renovated in 2025, near Islip LIRR station.
Property Size6,900 SF
Price / SF$245.65
Days on Market652
Property Features for 390 Moffitt Blvd
General Information
Standard status
Active
Size
6,900 SF
Total Parking Spaces
5
Property subtype
Industrial, Office, Retail
Zoning
Industrial 1
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1975
Year Renovated
2025
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
DGNY Commercial
Listed By:
Gary Pezza · License #NY10301223199
Source:
Crexi
Added: Nov 6, 2024
Changed: Aug 10
Last Checked: Aug 19 at 7:43AM
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 DGNY Commercial
Investment Insights
Based on property information with market context.
This mixed-use property, renovated in 2025, features new HVAC, lighting, insulation, siding, and four bathrooms. The property includes a fenced-in yard with two access points, as well as private and dedicated parking. A full security system with cameras is in place. The property is adjacent to the Islip LIRR Station. The property size is 6,900 square feet. The seller may consider a sale-leaseback with partial occupancy.
Key Highlights
- Renovated in 2025 - New HVAC, Lighting, Insulation, Siding & 4 Bathrooms
- Adjacent to Islip LIRR Station
- Fenced in Yard with 2 Access Points
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
$120,698
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
7.12%
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%
$2,413,960
$2.4M
Cap Rate 7%
$1,724,257
$1.7M
Cap Rate 9%
$1,341,089
$1.3M
Market Conditions
NOI Build-Up for 6,900 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
$187.1K $27.12/SF
− Vacancy
−$26.2K −$3.80/SF
EGI
$160.9K $23.32/SF
− OpEx
−$40.2K −$5.83/SF
NOI
$120.7K $17.49/SF
Area
ZIP 11751
Vacancy
14.00%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
25.00%
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%
$2,413,960
Cap Rate 7%
$1,724,257
Cap Rate 9%
$1,341,089
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,698 @ 7.0% cap · market cap 7.12%
Second Best
Retail
$1.60M
$1.40M – $1.86M
NOI $111,863 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,738 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 11751, NY
14,790
Population
5,246
Households
2.8
Avg Household Size
43
Median Age
36%
College-Educated
88%
High-School Grad
4.0 sq mi
ZIP Area
3,698
Density / Sq Mi
$116,328
Median Household Income
$59,558
Median Earnings
$2,238
Median Rent
$501,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property renovated in 2025, near Islip LIRR station.
Where is this mixed-use property located?
The property is located at 390 Moffitt Blvd Islip, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Renovated in 2025 - **New HVAC, Lighting, Insulation, Siding & 4 Bathrooms**; Adjacent to Islip LIRR Station; Fenced in Yard with 2 Access Points
