Listing Agency: Melville Show Phone

Listed By: Tom DiMicelli · License #10311204390 Show Phone

Source: Property.jll

Added: Jul 16 Changed: Oct 5 Last Checked: Oct 12 at 4:38PM

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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.

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 / Yr

$225,915

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $225,915 @ 7.0% cap · market cap 4.91%

Second Best

Industrial

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,047 @ 7.0% cap · market cap 4.04%

Theoretical Best

Specialty Retail

$8.60M

$7.52M – $10.03M (±1% cap)

NOI $601,673 @ 7.0% cap · market cap 13.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Approved Roofing Leak ... Roofing Company Central Lathing LLC Bakery

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Tanning Salon Tattoo & Piercing Shop Catering Service

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

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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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