Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    231 Edison Ave West Babylon, NY 11704
    Back to Search
    Property profile & analytics

    231 Edison Ave West Babylon, NY 11704

    View on Map
    • Manufacturing properties
    • 12,000 SF
    • 0.63 lot acres
    For Sale
    $1,485,000
    View Listing →
    West Babylon Industrial Park Property For Sale
    $1,485,000
    12,760 SF

    West Babylon Industrial Park Property

    Industrial property in West Babylon with parking and easy access.

    231 Edison Ave, West Babylon, NY
    View Listing
    Property ID
    US63-0137518
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Columbia Dry Cleaning Machine / Distribution Center / Logistics Company

    Property Details for 231 Edison Ave

    Year built
    1982
    Lot size
    0.63 lot acres
    Property size
    12,000 SF
    Zone code
    GB
    Property type
    Manufacturing properties
    APN
    0100-074.00-02.00-024.014
    APU
    100074000200024014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,600,000
      ML approach
      $1,990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,409,000
      Market price range: $1.08M - $2.23M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.3879
    Latitude
    40.7307
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $1,580
    $6,370
    $7,950
    -
    $2,394
    $9,652
    $12,046

    Comparable in this City

    • Value Estimation
      $1,005,000
      0.25 Acres

      374-376 Neptune Ave

      MANUFACTURING (LIGHT) • 0.25 Acres
      374-376 Neptune Ave, West Babylon, NY 11704
      View Details
    • Value Estimation
      $1,340,000
      8,000 SF

      166 Cabot St

      MANUFACTURING (LIGHT) • 8,000 SF
      166 Cabot St, West Babylon, NY 11704-1140
      View Details
    • Value Estimation
      $2,145,000
      14,000 SF

      75 Dl St

      MANUFACTURING (LIGHT) • 14,000 SF
      75 Dl St, West Babylon, NY 11704-1103
      View Details
    • Value Estimation
      $2,120,000
      14,000 SF

      89 Eads St

      MANUFACTURING (LIGHT) • 14,000 SF
      89 Eads St, West Babylon, NY 11704-1105
      View Details
    • Value Estimation
      $1,300,000
      6,170 SF

      125 Edison Ave

      MANUFACTURING (LIGHT) • 6,170 SF
      125 Edison Ave, West Babylon, NY 11704-1015
      View Details
    • Value Estimation
      $7,945,000
      42,085 SF

      245 Farmingdale Rd

      MANUFACTURING (LIGHT) • 42,085 SF
      245 Farmingdale Rd, West Babylon, NY 11704-6216
      View Details

    Similar Nearby for Sale

    • $2,150,000

      West Babylon Warehouse For Sale

      Two-story warehouse with high ceilings on a 28,000 sqft lot.
      501-511 Broadway, West Babylon, NY 11704
      View Details
    • Contact for pricing

      West Babylon Warehouse Opportunity

      Warehouse property available for sale in West Babylon, New York.
      422-426 Great East Neck Rd, West Babylon, NY 11704
      View Details
    • Contact for pricing
      12,760 SF

      West Babylon Industrial Park Property

      Industrial property in West Babylon with parking and easy access.
      231 Edison Ave, West Babylon, NY 11704
      View Details
    • New
      $2,999,995
      Pending

      West Babylon Commercial Opportunity

      Two buildings on just shy of one acre in West Babylon.
      1250 Wellwood Ave, West Babylon, NY 11704
      View Details
    • $560,000
      0.11 Acres

      Commercial Property with Parking

      Commercial property featuring five rooms, parking, and convenient location.
      640 Sunrise Hwy, West Babylon, NY 11704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,400 SF

      West Babylon Warehouse Space Available

      7,500 SF warehouse space for lease in West Babylon.
      501551 Sheffield Ave, West Babylon, NY 11704
      View Details
    • Contact for pricing
      20,744 SF

      West Babylon Mixed-Use Opportunity

      25,764 SF mixed-use industrial and retail building for lease.
      422-426 Great East Neck Rd, West Babylon, NY 11704
      View Details
    • Contact for pricing
      7,000 SF

      West Babylon Freestanding Industrial Building

      7,000 SF West Babylon industrial building for lease.
      59 Nancy St, West Babylon, NY 11704
      View Details
    • Contact for pricing
      8,000 SF

      West Babylon Warehouse Space

      8,000 SF warehouse space available for rent.
      80 Kean St, West Babylon, NY 11704
      View Details
    • Contact for pricing
      4,368 SF

      West Babylon Industrial Space Available

      Industrial property in West Babylon, suitable for cannabis users.
      73 Nancy St, West Babylon, NY 11704
      View Details
    • $28 SF/Yr
      7,584 SF

      West Babylon Office Space Available

      Office space for lease in West Babylon, New York.
      1025-1033 E Nck Rd, West Babylon, NY 11704
      View Details
    View Listing
    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.
    231 Edison Ave
    West Babylon, NY 11704
    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

    Thank You for Inquiry
    231 Edison Ave, West Babylon, NY, 11704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!