Industrial Warehouse with Loading
For Sale
$4,600,000
99 Cottage Pl, Mineola, NY 11501
The property includes interior loading access, dedicated office space, and gas heat.
Property Size13,000 SF
Price / SF$353.85
Days on Market46
Property Features for 99 Cottage Pl
General Information
Standard status
Active
Size
13,000 SF
Class
C
Property subtype
industrial
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
2,000 SF
Amenities
2 interior loading docks
gas heat
Listing Agency:
Melville
(631) 962-2898
Listed By:
Tom DiMicelli · License #10311204390
(631) 962-2898
Source:
Property.jll
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 2:12PM
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 Melville
Investment Insights
Based on property information with market context.
This 13,000 SF industrial warehouse at 99 Cottage Pl includes approximately 2,000 SF of office space, providing a combination of operational and administrative areas within the building. Clear height ranges from 17 feet to 20 feet, and the facility is heated by gas.
Two interior loading docks support receiving and shipping functions, with the ability to expand the total to four docks. The property is located in Mineola, NY 11501 and is offered for sale.
Two interior loading docks support receiving and shipping functions, with the ability to expand the total to four docks. The property is located in Mineola, NY 11501 and is offered for sale.
Key Highlights
- 13,000 SF industrial warehouse at 99 Cottage Pl, Mineola, NY 11501
- 17' - 20' clear height
- 2 interior loading docks, expandable to 4
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
$225,915
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
4.91%
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%
$4,518,300
$4.5M
Cap Rate 7%
$3,227,357
$3.2M
Cap Rate 9%
$2,510,167
$2.5M
Market Conditions
NOI Build-Up for 13,000 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
$285.5K $21.96/SF
− Vacancy
−$19.7K −$1.52/SF
EGI
$265.8K $20.44/SF
− OpEx
−$39.9K −$3.07/SF
NOI
$225.9K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
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%
$4,518,300
Cap Rate 7%
$3,227,357
Cap Rate 9%
$2,510,167
Alternative Uses
Best Use
Warehouse
$3.23M
$2.82M – $3.77M
NOI $225,915 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$2.66M
$2.33M – $3.10M
NOI $186,047 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$8.60M
$7.52M – $10.03M
NOI $601,673 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
4,101
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Omega Self Storage — 99 E 2nd St, Mineola, NY 11501
- County Seat Self Storage Inc — 99 E 2nd St, Mineola, NY 11501
- Tsontos Furs — 224 Jericho Turnpike, Mineola, NY 11501
Frequently Asked Questions
What type of property is this?
Warehouse - The property includes interior loading access, dedicated office space, and gas heat.
Where is this warehouse located?
The property is located at 99 Cottage Pl Mineola, NY.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 13,000 SF industrial warehouse at 99 Cottage Pl, Mineola, NY 11501; 17' - 20' clear height; 2 interior loading docks, expandable to 4
