Property profile

233 Willis Ave Mineola, NY 11501

OFF-MARKET
Office buildings
Property ID
US63-1625395
409 SF 0.24 ac lot Built 1993
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A 5,032-square-foot commercial building located in Mineola, New York, situated on a 10,576-square-foot lot with 19 parking spaces and two building entrances. The interior was previously configured for a large OB-GYN practice and includes a reception area with seating for 20, four bathrooms (including one ADA-compliant bathroom and one bathroom with a shower), a procedure room, a special testing room, and nine exam rooms measuring 8' x 10' each with sinks. Additional spaces include a manager’s office, a billing office with a file/records room that can function as a consultation or exam room, four to five doctors’ offices (including three primary consultation offices), a kitchenette, a nursing station, and three storage rooms/areas. The building has an elevator and two stairwells, with HVAC units located on the roof, and is connected to gas and sewer lines. The property is positioned near local amenities, the LIRR Mineola station, and NYU Langone Medical Center, and is generally configured for medical office use.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 409 SF
Lot 0.24 ac (10,576 SF)
APN 09-407-00-0256
UPID US63-1625395

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician Medical Clinic
  • Physician
  • Physician Medical Clinic

Location

233 Willis Ave Mineola, NY 11501-2432
Mineola metro Census 303600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$405k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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