Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    311 Woods Ave Oceanside, NY 11572

    Property Lookup

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

    311 Woods Ave Oceanside, NY 11572

    View on Map
    • Office properties & Spaces
    • 8,374 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DDC Technologies Inc / Industrial Manufacturer / Production Facility

    Property Details for 311 Woods Ave

    Year built
    1920
    Property size
    8,374 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional Class A creative office building at 311 Woods Ave, Oceanside, NY 11572, presents a unique investment opportunity. The 8,374 square foot property, built in 1920 and impeccably maintained, is currently 100% occupied with a multi-tenant lease structure. The asking price is $2,300,000, translating to a price per square foot of $274.66. This translates to a highly attractive 7.00% cap rate, promising strong investment returns. The building's current occupancy ensures immediate cash flow, with the lease expiring on August 20, 2024. Situated in Nassau County, this property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a stable, high-yield asset in a desirable location. The property's "Creative Office" designation suggests a flexible layout suitable for a variety of businesses. This is a rare opportunity to acquire a fully leased, high-performing asset in the thriving Oceanside market. The strong cap rate and 100% occupancy make this an exceptional investment opportunity with immediate returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.6418
    Latitude
    40.6425

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      2940 Lincoln Ave Ste, Unit 201

      CONDOMINIUM OFFICES • 0.25 Acres
      2940 Lincoln Ave Ste, Oceanside, NY 11572-2195
      View Details
    • Value Estimation by Request
      64,640 SF

      70 Atlantic Ave

      Lifestyle centers • 64,640 SF
      70 Atlantic Ave, Oceanside, NY 11572
      View Details
    • Value Estimation by Request
      0.25 Acres

      2940 Lincoln Ave, Unit 1

      CONDOMINIUM OFFICES • 0.25 Acres
      2940 Lincoln Ave, Oceanside, NY 11572-2195
      View Details
    • Value Estimation by Request
      0.25 Acres

      2940 Lincoln Ave Ste, Unit 203

      CONDOMINIUM OFFICES • 0.25 Acres
      2940 Lincoln Ave Ste, Oceanside, NY 11572-2195
      View Details
    • Value Estimation by Request
      0.25 Acres

      2940 Lincoln Ave Ste, Unit 101

      CONDOMINIUM OFFICES • 0.25 Acres
      2940 Lincoln Ave Ste, Oceanside, NY 11572-2195
      View Details
    • Value Estimation by Request
      0.25 Acres

      2940 Lincoln Ave Ste, Unit 202

      CONDOMINIUM OFFICES • 0.25 Acres
      2940 Lincoln Ave Ste, Oceanside, NY 11572-2195
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,374 SF

      Mixed-Use Building in Oceanside

      Fully leased mixed-use building with strong income and value-add potential.
      311 Woods Ave, Oceanside, NY 11572
      View Details
    • $999,999
      2,200 SF

      Oceanside Mixed-Use Property For Sale

      Mixed-use property in Oceanside with residential and commercial spaces.
      3116 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      2,400 SF

      Auto Repair Shop For Sale

      Four-bay auto repair shop with owner financing available.
      3345 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $2,388,000
      4,616 SF

      Oceanside Retail Building - High Traffic!

      Prime Oceanside location, 4,616 sq ft restaurant/bar.
      3451 Long Beach Rd, Oceanside, NY 11572
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease at 70 Atlantic Ave.
      70 Atlantic Ave, Oceanside, NY 11572
      View Details
    • Contact for pricing

      Oceanside Business Center Office Suites

      Two professional office suites available for lease in Oceanside.
      3678 W Oceanside Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing

      Functional Flex/Warehouse Space Available

      4,000 SF flex/warehouse with office space for rent.
      3339 Lawson Blvd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      2,500 SF

      Oceanside Office Space Available

      Oceanside office space for lease, approximately 2500 square feet.
      3333-3345 Royal Ave, Oceanside, NY 11572
      View Details
    • $3,000 /Mo

      Oceanside Commercial Space For Lease

      Versatile lower-level commercial space in a prime Oceanside location.
      2816 Long Beach Rd, Oceanside, NY 11572
      View Details
    • Contact for pricing
      6,000 SF

      Oceanside Warehouse with Office Space

      6,000 SF warehouse with office, ideal for trailer trucks.
      3067 New St, Oceanside, NY 11572
      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.
    311 Woods Ave
    Oceanside, NY 11572
    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!