Mixed-Use Building with Office
For Sale
$899,000
930 Sunrise Highway, North Babylon, NY 11704
Commercial Sale, North Babylon, NY
Property Size2,750 SF
Lot Size0.16 Acres
Price / SF$326.91
Days on Market191
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
Oil, Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Number of units
1
Flooring type
Carpet, Tile - Ceramic, Laminate, Tile
Building materials
Vinyl Siding
Listing Agency:
James A Netter Real Estate Inc
(631) 661-5100
Listed By:
Leslie Castellano
(631) 960-8039
Added: Mar 10
Changed: Sep 12
Last Checked: Sep 16 at 6:06AM
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.
This freestanding mixed-use building provides approximately 2,000 square feet of interior space arranged across two levels of professional offices. A finished 750-square-foot basement adds usable area and includes a separate outside entrance. Interior finishes include laminate, ceramic tile, additional tile, and carpet, with baseboard heating and window or wall/window cooling units.
The property occupies a 7,030-square-foot lot with 95 feet of frontage along Sunrise Highway, where the building benefits from highway exposure and dedicated signage. A parking lot provides 16 private parking spaces. The site is served by public water and public sewer, with cable available, and carries E zoning. The source information identifies potential suitability for professional, medical, personal-service, real estate, retail, insurance, and financial office uses, subject to applicable approvals.
The property occupies a 7,030-square-foot lot with 95 feet of frontage along Sunrise Highway, where the building benefits from highway exposure and dedicated signage. A parking lot provides 16 private parking spaces. The site is served by public water and public sewer, with cable available, and carries E zoning. The source information identifies potential suitability for professional, medical, personal-service, real estate, retail, insurance, and financial office uses, subject to applicable approvals.
Key Highlights
- 2,000 SF interior across two stories of professional offices
- 750 SF finished basement with separate outside entrance
- 7,030‑square‑foot lot with 95 feet of Sunrise Highway frontage
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
$66,528
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
7.40%
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%
$1,330,560
$1.3M
Cap Rate 7%
$950,400
$950.4K
Cap Rate 9%
$739,200
$739.2K
Market Conditions
NOI Build-Up for 2,750 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
$105.6K $38.40/SF
− Vacancy
−$16.9K −$6.14/SF
EGI
$88.7K $32.26/SF
− OpEx
−$22.2K −$8.06/SF
NOI
$66.5K $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%
$1,330,560
Cap Rate 7%
$950,400
Cap Rate 9%
$739,200
Alternative Uses
Best Use
Office B
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 7.40%
Second Best
Mixed Use
$704.8K
$616.7K – $822.3K
NOI $49,335 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,168 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story professional office layout includes a finished basement 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 $899,000.
What are key features of this property?
This property features: 2,000 SF interior across two stories of professional offices; 750 SF finished basement with separate outside entrance; 7,030‑square‑foot lot with 95 feet of Sunrise Highway frontage
