Freestanding Office Building with Outside Basement
For Sale
$899,000
930 Sunrise Highway, North Babylon, NY 11704
COMMERCIAL - North Babylon, NY
Property Size2,000 SF
Lot Size0.16 Acres
Price / SF$449.50
Days on Market153
Property Features for 930 Sunrise Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
E
Rooms
Basement
Parking features
Parking Lot
Security features
Security System
Basement
Finished, Walk-Out Access
Appliances
Refrigerator
Lot features
Back Yard, Paved
Directions
Sunrise Highway south service road, make right on Lotus Street, turn left into parking lot.
Standard status
Active
APN
0100-161-00-01-00-009-000
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15760
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Oil
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Number of units
1
Flooring type
Laminate, Carpet, Tile, Tile - Ceramic
Building materials
Vinyl Siding
Listing Agency:
James A Netter Real Estate Inc
(631) 661-5100
Listed By:
Leslie Castellano
(631) 661-5100
Added: Mar 10
Changed: Aug 4
Last Checked: Aug 9 at 8:06AM
MLS# 969652
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.
Investment Insights
Based on property information with market context.
Freestanding office building on a 7,030 SF lot with 95 feet of frontage on Sunrise Highway, offering exposure and signage. The property provides 2,000 SF of interior space with two stories of professional offices, plus a 750 SF full finished basement with an outside entrance.
The building is supported by oil baseboard heat and wall/window and window unit cooling. Interior finishes include carpet, ceramic tile, tile, and laminate flooring. Parking is available in an on-site parking lot with 16 private spaces, and utilities include cable service, public water, and public sewer.
The layout is suited for professional office use, including medical offices and related professional services, personal service businesses, real estate, insurance, and financial business. A mother/daughter setup may be possible with proper permits.
The building is supported by oil baseboard heat and wall/window and window unit cooling. Interior finishes include carpet, ceramic tile, tile, and laminate flooring. Parking is available in an on-site parking lot with 16 private spaces, and utilities include cable service, public water, and public sewer.
The layout is suited for professional office use, including medical offices and related professional services, personal service businesses, real estate, insurance, and financial business. A mother/daughter setup may be possible with proper permits.
Key Highlights
- 7,030 SF lot with 95 feet of frontage on Sunrise Highway with signage and exposure
- 2,000 SF interior space with two stories of professional offices
- 750 SF full finished basement with an outside entrance
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
$48,384
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
5.38%
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%
$967,680
$967.7K
Cap Rate 7%
$691,200
$691.2K
Cap Rate 9%
$537,600
$537.6K
Market Conditions
NOI Build-Up for 2,000 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
$76.8K $38.40/SF
− Vacancy
−$12.3K −$6.14/SF
EGI
$64.5K $32.26/SF
− OpEx
−$16.1K −$8.06/SF
NOI
$48.4K $24.19/SF
Area
Babylon, NY
Vacancy
16.00%
Lease Rate
$38.40 /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%
$967,680
Cap Rate 7%
$691,200
Cap Rate 9%
$537,600
Alternative Uses
Best Use
Office B
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 5.38%
Second Best
Healthcare Medical
$440.0K
$385.0K – $513.4K
NOI $30,802 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.06M
$928.8K – $1.24M
NOI $74,304 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 11704, NY
40,367
Population
13,406
Households
3
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.9 sq mi
ZIP Area
5,110
Density / Sq Mi
$127,034
Median Household Income
$55,098
Median Earnings
$2,089
Median Rent
$485,400
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?
Office building - Freestanding two-story office building with a full finished basement and outside entrance, utilities including public water and sewer.
Where is this office building located?
The property is located at 930 Sunrise Highway North Babylon, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 7,030 SF lot with 95 feet of frontage on Sunrise Highway with signage and exposure; 2,000 SF interior space with two stories of professional offices; 750 SF full finished basement with an outside entrance
