Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    68 Service Rd Melville, NY 11747

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    68 Service Rd Melville, NY 11747

    View on Map
    • Office properties & Spaces
    • 35,522 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Central Time Clock / Professional Services
    • Nationwide Mortgage Bankers, Inc - Gary Merdinger / Loan Service / Bank
    • Principal / Financial Advisor
    • ICF / Business Management Consultant / Consultant
    • Aridan Books Inc / (Bike/Boat/Book/etc) Store

    Property Details for 68 Service Rd

    Property size
    35,522 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This Class A, 35,522 square foot office building, located at 68 South Service Road, Suite 100, Huntington Station, NY 11747, offers a variety of flexible workspace solutions. Situated in Suffolk County, this contemporary building features granite and glass facades, maximizing natural light in a beautifully landscaped setting. The property boasts 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. Renovated in 2019, the building includes elevators and provides a range of options, from fully furnished private offices for individuals or large companies to customized spaces, disaster recovery solutions, and day offices. Tenancy is multiple, catering to diverse business needs. The location offers a tranquil campus-style environment, surrounded by over 100 acres of forest parkland and adjacent to Pine Ridge Conservation Park. This prime Long Island location provides a refreshing and productive work atmosphere. The building offers a benefits program including exclusive discounts and procurement support.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melville
    County
    Suffolk
    State
    New York
    Longitude
    -73.4385
    Latitude
    40.7815

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      1 Huntington Quadrangle

      Office properties & Spaces • 1,100 SF
      1 Huntington Quadrangle, Melville, NY 11747
      View Details
    • Value Estimation by Request
      4.00 Acres

      10 Melville Park Rd

      OFFICE BUILDING • 4.00 Acres
      10 Melville Park Rd, Melville, NY 11747-3146
      View Details
    • Value Estimation by Request
      5.90 Acres

      330 Service Rd

      OFFICE BUILDING • 5.90 Acres
      330 Service Rd, Melville, NY 11747-3254
      View Details
    • Value Estimation by Request

      Broad Holw Rd

      OFFICE BUILDING
      Broad Holw Rd, Melville, NY 11747
      View Details
    • Value Estimation by Request
      7.00 Acres

      520 Broadhollow Rd

      OFFICE BUILDING • 7.00 Acres
      520 Broadhollow Rd, Melville, NY 11747-3603
      View Details
    • Value Estimation by Request
      37.00 Acres

      160 Duryea Rd

      OFFICE BUILDING • 37.00 Acres
      160 Duryea Rd, Melville, NY 11747-3825
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,150 SF

      Melville Office Space Available

      Office space with shared amenities in Melville, New York.
      707 Walt Whitman Rd, Melville, NY 11747
      View Details
    • New
      $1,100,000
      0.20 Acres

      Prime Melville Corner Property

      Well-maintained property with high visibility and potential for various uses.
      1 Arrowood Ln, Melville, NY 11747
      View Details
    • New
      $1,100,000
      0.20 Acres

      Prime Corner Property on Route 110

      Well-maintained property with high visibility and R7 zoning potential.
      1 Arrowood Ln, Melville, NY 11747
      View Details
    • Contact for pricing
      54,000 SF

      Melville Office Building For Sale

      54,000 SF office building in Melville, NY.
      10 Melville Park Rd, Melville, NY 11747
      View Details
    • $5,200,000
      24,338 SF

      Melville Office Building For Sale

      Office building in Melville Business Corridor with ample parking.
      135 Maxess Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      17,280 SF

      Melville Office Building For Sale

      17,280 SF office building available in Melville, NY.
      60 Broadhollow Rd, Melville, NY 11747
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Workspace Solutions Available

      Global network of workspaces with flexible options and locations.
      555 Broadhollow Rd, Melville, NY 11747
      View Details
    • Contact for pricing

      NY, Melville - Broadhollow Rd

      Discover many ways to work your way in IA, Cedar Rapids - N River Blvd NE
      555 Broadhollow Rd, Melville, NY 11747
      View Details
    • Sponsored
      Contact for pricing

      Melville Expressway II

      Discover many ways to work your way in DE, Wilmington - N Market St
      68 Service Rd, Huntington, NY 11747
      View Details
    • Sponsored
      Contact for pricing

      Melville Broadhollow

      Discover many ways to work your way in 445 Park Avenue
      200 Broadhollow Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      4,754 SF

      Melville Office Space Available

      Office space available for rent in Melville, New York.
      115-121 Broadhollow Rd, Melville, NY 11747
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent at 445 Broadhollow Road.
      445 Broadhollow Rd, Melville, NY 11747
      View Details
    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.
    68 Service Rd
    Melville, NY 11747
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!