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    125 Mineola Ave Roslyn Heights, NY 11577

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    For Sale
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    Medical office spaces in affluent Long Island communities.

    Type:Office
    Added:
    Sep 20, 2024
    Days on Market:
    564
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 125 Mineola Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Steven D'Orazio

    Listing agent Steven D'Orazio License #40DO1095219

    Listing office Colliers - Long Island/Jericho, New York

    Listing date Sep 20, 2024

    Source Crexi

    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 Colliers - Long Island/Jericho, New York

    Overview

    Prime Medical Office Opportunity

    Located in Roslyn Heights, a hamlet in the Town of North Hempstead in Nassau County, this property offers a location in an affluent Long Island community. The area has a population of over 6,700 residents and highly rated public schools. The population is steadily growing, indicating a rising demand for local services. In 2023, individuals within a 3-mile radius spent more than $463.5 million on healthcare expenditures. The Western Nassau submarket has over 8 million square feet of office inventory across 99 properties and an 11.2% availability rate. The property provides immediate access to I-495 and the Northern State Parkway, which connects Long Island and provides access to Manhattan and the greater Tri-State area.
    Location Intelligence

    Current Use by Public Records

    Dr. Kevin Small Physician Traub Howard L Physician Vidi Hzzghi Inc Cafe & Coffee Shop Dr. Shawn Garber, ... Doctor Dr. Pankti Patel Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Animal Hospital of Roslyn — 212 Mineola Ave, Roslyn Heights, NY 11577

    Location Insight

    • Map
    • Local Demand
    City
    Roslyn Heights
    County
    Nassau
    State
    New York
    Longitude
    -73.651128
    Latitude
    40.787878

    Nearby Similar for Sale

    • $1,600,000
      7,405 SF

      Freestanding Building on Mineola Avenue

      Two-story commercial building with parking and high visibility.
      177 Mineola Ave, Roslyn Heights, NY
      View Details
    • $6,500,000
      13,147 SF

      Retail Strip Center For Sale

      Single-story retail strip center with parking in Roslyn Heights.
      26-44 Lincoln Ave, Roslyn Heights, NY
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office spaces in affluent Long Island communities.
    Where is this medical office space located?
    The property is located at 125 Mineola Ave Roslyn Heights, NY.
    What are key features of this property?
    This property features: Strategic location with exceptional connectivity to major roadways like I‑495 and Northern State Parkway, providing easy access to Long Island, Manhattan, and the greater Tri‑State area.; Several properties benefit from high daily traffic counts, offering excellent exposure for businesses.; Strong healthcare spending within a 3‑mile radius of some properties indicates a robust demand for healthcare services.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven D'Orazio
    Real Estate License ID: 40DO1095219
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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