Building Details

Year Built 1918

Listing Agency: BERKSHIRE HATHAWAY w***@bhhslaffey.com Show Phone

Listed By: Julio J. Munoz · License #10401332607 Show Phone

Source: Neilcharlesrealestate

Added: Sep 29 Changed: Oct 30 Last Checked: Oct 30 at 1:51AM

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Investment Insights

Based on property information with market context.

The office property at 97 Pine Hollow Road contains 1,769 square feet and dates to 1918. Its interior has multiple private rooms, 2.5 bathrooms, an updated kitchen, and a finished lower level. Natural light, wood accents, and architectural details contribute to the interior character.

A private brick-paved driveway provides off-street parking. The property is in Oyster Bay, near local shops, restaurants, and major roadways.

Key Highlights

• 1,769‑square‑foot office property
• Built in 1918
• Multiple private rooms and 2.5 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,419

Suggested Prices Based on Cap Rates

Cap Rate 5%

$608,380 $608.4K

Cap Rate 7%

$434,557 $434.6K

Cap Rate 9%

$337,989 $338.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,769 SF

Gross rent

$49.5K $27.96/SF

− Vacancy

−$8.9K −$5.03/SF

EGI

$40.6K $22.93/SF

− OpEx

−$10.1K −$5.73/SF

NOI

$30.4K $17.20/SF

Area

Nassau 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%

$608,380

Cap Rate 7%

$434,557

Cap Rate 9%

$337,989

Alternative Uses

Best Use

Office B

$434.6K

$380.2K – $507.0K (±1% cap)

NOI $30,419 @ 7.0% cap · market cap 654.17%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,874 @ 7.0% cap · market cap 1,760.73%

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

Baldino Design Group Architect Bathroom & Kitchen Remodel ... Renovation Specialist

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Parking Lot & Garage Dental Office Cafe & Coffee Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

355

Businesses Nearby

Explore this area Business Placement

Demographics for 11771, NY

10,322

Population

4,048

Households

2.5

Avg Household Size

45

Median Age

58%

College-Educated

95%

High-School Grad

10.8 sq mi

ZIP Area

956

Density / Sq Mi

$163,134

Median Household Income

$78,782

Median Earnings

$1,961

Median Rent

$921,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Private rooms, an updated kitchen, and a brick-paved driveway provide a flexible commercial setting.

Where is this office unit located?

The property is located at 97 Pine Hollow Road Oyster Bay, NY.

What are key features of this property?

This property features: 1,769‑square‑foot office property; Built in 1918; Multiple private rooms and 2.5 bathrooms