Office Unit with
For Sale
Contact for pricing
964 Sunrise Highway, West Babylon, NY 11704
Professional office or showroom configuration with dedicated garage space and a separately accessed basement area.
Property Size1,681 SF
Price / SF$469.36
Days on Market115
Property Features for 964 Sunrise Highway
General Information
Standard status
Active
Size
1,681 SF
Property subtype
Office
Zoning
E
Building Details
Year Built
1969
Listing Agency:
Schacker Realty
(516) 527-3334
Listed By:
Joseph Nesto · License #NY 109904636
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 10:28AM
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 Schacker Realty
Investment Insights
Based on property information with market context.
This office unit includes 1,288 square feet of primary office space, a 393-square-foot garage, and a layout organized around four offices, a bullpen area, and a kitchenette. The configuration supports professional office operations and showroom use. Additional basement space measures 756 square feet and has its own entrance and egress.
The property fronts Sunrise Highway, which carries a reported 87,000 vehicles per day, with access to and from Deer Park Avenue. Built in 1969, the property is zoned E and combines office, garage, and auxiliary basement areas within one commercial building.
The property fronts Sunrise Highway, which carries a reported 87,000 vehicles per day, with access to and from Deer Park Avenue. Built in 1969, the property is zoned E and combines office, garage, and auxiliary basement areas within one commercial building.
Key Highlights
- 1,288 SF office area with four offices, bullpen space, and kitchenette
- 393 SF garage included with the office unit
- 756 SF basement with separate entrance and egress
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
$40,667
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
5.15%
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%
$813,340
$813.3K
Cap Rate 7%
$580,957
$581.0K
Cap Rate 9%
$451,856
$451.9K
Market Conditions
NOI Build-Up for 1,681 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
$64.6K $38.40/SF
− Vacancy
−$10.3K −$6.14/SF
EGI
$54.2K $32.26/SF
− OpEx
−$13.6K −$8.06/SF
NOI
$40.7K $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%
$813,340
Cap Rate 7%
$580,957
Cap Rate 9%
$451,856
Alternative Uses
Best Use
Office B
$581.0K
$508.3K – $677.8K
NOI $40,667 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$892.2K
$780.7K – $1.04M
NOI $62,453 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office or showroom configuration with dedicated garage space and a separately accessed basement area.
Where is this office units located?
The property is located at 964 Sunrise Highway West Babylon, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 1,288 SF office area with four offices, bullpen space, and kitchenette; 393 SF garage included with the office unit; 756 SF basement with separate entrance and egress
