Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Conveniently-Located Long Island Business Park Title is generated by Realmo AI

    80 Orville Driven Suite 100, Bohemia, NY 11716

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime location with excellent transport links and breathtaking surroundings.

    Type:Office
    Added:
    Mar 27, 2025
    Days on Market:
    436
    Last Refresh:
    May 19 at 9:15 pm

    Property Features for 80 Orville Driven Suite 100

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 80 Orville Driven Suite 100 Contact us

    We can help!

    Listing Contact
    NYC 2 Regus US

    Listing agent NYC 2 Regus US License #FLBO

    Listing office Regus

    Listing date Mar 27, 2025

    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 Regus

    HighLights

    • Prime location on Long Island.
    • Excellent transport links.
    • Opportunity to work alongside leading financial firms.
    • Impressive atrium and lobby area.
    • Spacious meeting rooms and comfortable breakout areas.
    • Outdoor terrace.

    Overview

    Located on Long Island, this property at Rechler Business Park offers a conveniently-located base for business operations. The location provides excellent transport links and is situated in a setting with notable surroundings. The property features an impressive atrium and lobby area, as well as spacious meeting rooms and comfortable breakout areas. An outdoor terrace complements the setting. The surrounding area offers a selection of restaurants, coffee shops, and parks.
    Location Intelligence

    Current Use by Public Records

    Office Spaces

    Map

    City
    Bohemia
    County
    Suffolk
    State
    New York
    Longitude
    -73.1274
    Latitude
    40.7711

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Bohemia

      80 Orville Dr, Unit 100, Bohemia, NY 11716
      View Details
    • Contact for pricing
      5,666 SF

      Office Space Near MacArthur Airport

      Office space for rent near Long Island MacArthur Airport.
      620 Johnson Ave, Bohemia, NY 11716
      View Details
    • $16 SF/Yr
      40,000 SF

      Bohemia Industrial Unit For Sale

      Industrial unit in Bohemia, NY, with flexible floor plan.
      1507 Smithtown Avenue, Bohemia, NY 11716
      View Details
    • Contact for pricing
      5,000 SF

      Flex Warehouse and Office Space

      Flex warehouse with office space and fenced off-street truck parking, divisible into two equal units.
      1565 Sycamore Ave, Bohemia, NY 11716
      View Details
    • $20 SF/Yr
      4,580 SF

      Retail Space on Sunrise Highway

      Retail property with ample parking and high-volume retail neighbors.
      4600 Sunrise Hwy, Bohemia, NY
      View Details
    • $14 SF/Yr
      2,500 SF

      Office and Warehouse Space Available

      Office and warehouse space available for lease in Bohemia, NY.
      125 Wilbur Pl, Bohemia, NY
      View Details
    • $14 SF/Yr
      8,510 SF

      Bohemia Warehouse with Office Space

      8,510 SF warehouse with 2,000 SF office space.
      120 Wilbur Pl, Bohemia, NY
      View Details
    • Contact for pricing
      4,114 SF

      Office Space Near MacArthur Airport

      Office space for rent near MacArthur Airport, Long Island.
      640 Johnson Avenue, Bohemia, NY, 11716
      View Details
    • $16 SF/Yr
      2,500 SF

      Bohemia Warehouse/Distribution Space Available

      Expansive warehouse/distribution space with high ceilings and convenient access.
      7 Shirley St, Bohemia, NY
      View Details
    • $13 SF/Yr
      4,266 SF

      Bohemia Warehouse Space Available

      4,266 square foot warehouse space for lease in Bohemia.
      29 Jules Ct, Bohemia, NY
      View Details
    • $15 SF/Yr
      5,100 SF

      Industrial Space with Loading Docks

      5,100 SF industrial space featuring loading docks and office.
      170 Wilbur Pl, Bohemia, NY
      View Details
    • $16 SF/Yr
      1,600 SF

      Bohemia Office Space Available

      1600 square foot office space for rent in Bohemia.
      1580 Lakeland Ave, Bohemia, NY
      View Details

    FAQs

    What type of property is this?
    Office space - Prime location with excellent transport links and breathtaking surroundings.
    Where is this office space located?
    The property is located at 80 Orville Driven Suite 100 Bohemia, NY.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime location on Long Island.; Excellent transport links.; Opportunity to work alongside leading financial firms.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    NYC 2 Regus US
    Real Estate License ID: FLBO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    80 Orville Driven Suite 100, Bohemia, NY 11716
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!