490 Wheeler RdHauppauge, NY 11788

Property Details for 490 Wheeler Rd

Lot size

2.30 AC

Zone code

BUS1

Property type

Office properties

Property subtype

Office buildings

APN

0500-024.00-01.00-008.001

APU

500024000100008001

Description

This exceptional executive office building at 490 Wheeler Road in Hauppauge, NY, offers 50,976 square feet of premium office space in a highly desirable Smithtown submarket. The two-story building features a total of 250 parking spaces, including a newly renovated parking garage equipped with electric vehicle charging stations. Security is provided onsite for peace of mind. The property boasts two elevators for convenient access to all floors. Currently, there are multiple tenancies available, with four individual suites ranging from 1,390 to 3,833 square feet. This presents a unique opportunity for businesses seeking flexible and modern office space. The building's strategic location provides easy access to major transportation arteries, including the Long Island Expressway, and is conveniently situated just 20 minutes from Long Island MacArthur Airport and 7 minutes from the LIRR Smithtown Station. Enjoy the convenience of nearby restaurants such as NOSH Kitchen & Cocktails, La Strada, and Butterfields. With its modern amenities, prime location, and readily available space, 490 Wheeler Road is an ideal choice for businesses seeking a thriving and accessible work environment in Hauppauge. The building's 2,410 square feet of vacant space offers immediate occupancy potential. This property is located at 490 Wheeler Rd, Hauppauge, NY 11788.

• CAP approach

  CAP return

  Valuation

  6%

  $16,564,069

  6.5%

  $15,289,910

  7%

  $14,197,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,090,564

  Geo Method

  $13,090,564

• Alternative Use

  Use

  Valuation

  Residential

  $18,959,488

  Hospitality

  $17,366,790

  Educational

  $14,448,965

  Medical

  $14,945,887

  Retail

  $22,476,168

Location Insight

City

Hauppauge

County

Suffolk

State

New York

Latitude

40.8138

Longitude

-73.2192

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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