Office Building with
938 Rte 109, Lindenhurst, NY 11757
For Sale
Contact for pricing
Office building in excellent condition on the south side of Route 109 with strong visibility.
Property Size3,600 SF
Price / SF$248.61
Days on Market694
Property Features for 938 Rte 109
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Building Details
Buildings
Listing Agency:
MGM Islandwide Realty, Inc.
(631) 223-4454
Listed By:
Michael G Macchia · License #31MA1052982
(516) 818-7650
Source:
Moodyscre
Added: Dec 16, 2024
Changed: Nov 3
Last Checked: Nov 8 at 5:12AM
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 MGM Islandwide Realty, Inc.
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Investment Insights
Based on property information with market context.
Office building totaling 3,600 square feet and described as being in excellent condition. The property is presented with strong visibility for prospective tenants or users looking for convenient, noticeable presence.
The building is located on the south side of the well-traveled Route 109 in Lindenhurst. This positioning supports everyday drive-by recognition along a primary corridor.
Overall, this is a straightforward office facility offering a compact footprint and a location tied to consistent local traffic patterns.
The building is located on the south side of the well-traveled Route 109 in Lindenhurst. This positioning supports everyday drive-by recognition along a primary corridor.
Overall, this is a straightforward office facility offering a compact footprint and a location tied to consistent local traffic patterns.
Key Highlights
- 3,600 square feet office building
- In excellent condition
- Located on the south side of Route 109
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,903
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,060
$1.2M
Cap Rate 7%
$884,329
$884.3K
Cap Rate 9%
$687,811
$687.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$100.7K $27.96/SF
− Vacancy
−$18.1K −$5.03/SF
EGI
$82.5K $22.93/SF
− OpEx
−$20.6K −$5.73/SF
NOI
$61.9K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,060
Cap Rate 7%
$884,329
Cap Rate 9%
$687,811
Alternative Uses
Best Use
Office B
$884.3K
$773.8K – $1.03M
NOI $61,903 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,771 @ 7.0% cap · market cap 8.58%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Suffolk County, NY
Properties on Market for Office buildings in Suffolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building in excellent condition on the south side of Route 109 with strong visibility.
Where is this office building located?
The property is located at 938 Rte 109 Lindenhurst, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,600 square feet office building; In excellent condition; Located on the south side of Route 109
