Building Details

Building Size 2,000 SF

Buildings 1

Stories 2

Units 1

Listing Agency: Netter Real Estate Inc s***@netterrealestate.com Show Phone

Listed By: Leslie Castellano Show Phone

Source: Croninreale

Added: Mar 12 Changed: Oct 26 Last Checked: Oct 26 at 3:51AM

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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 Netter Real Estate Inc

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This freestanding mixed-use property contains 2,000 square feet of interior space arranged across two office floors, plus a 750-square-foot finished basement with a separate outside entrance. The building has 16 private parking spaces and signage. Zoning is E.

The parcel measures 7,030 square feet and has 95 feet of frontage on Sunrise Highway. The existing office configuration and finished lower level provide distinct areas within the property.

Key Highlights

• 2,000 square feet of interior space across two floors
• Finished 750‑square‑foot basement with a separate outside entrance
• 7,030‑square‑foot lot with 95 feet of Sunrise Highway frontage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,384

Cap Rate

6.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$967,680 $967.7K

Cap Rate 7%

$691,200 $691.2K

Cap Rate 9%

$537,600 $537.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

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 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 (±1% cap)

NOI $48,384 @ 7.0% cap · market cap 6.06%

Second Best

Mixed Use

$512.6K

$448.5K – $598.0K (±1% cap)

NOI $35,880 @ 7.0% cap · market cap 4.49%

Theoretical Best

Office A

$1.06M

$928.8K – $1.24M (±1% cap)

NOI $74,304 @ 7.0% cap · market cap 9.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Ics Claims Inc Insurance Agency

Suggested Use

Top Pick Hair Salon Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

380

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two floors of office space are complemented by a finished lower level with its own exterior entrance.

Where is this mixed-use property located?

The property is located at 930 Sunrise Highway North Babylon, NY.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 2,000 square feet of interior space across two floors; Finished 750‑square‑foot basement with a separate outside entrance; 7,030‑square‑foot lot with 95 feet of Sunrise Highway frontage