Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40 Commerce Dr Hauppauge, NY 11788-3904

    • Distribution centers
    • 3.48 lot acres
    OFF-MARKET
    Value Estimations
    $80,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1639935
    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.

    Current Use by Public Records

    • D C Safety Sales Co Inc / Manufacturer
    • Plan B Technology / Computer Security Service / Telecommunications Service Provider
    • Lawrence Public School / School

    Property Details for 40 Commerce Dr

    Lot size
    3.48 lot acres
    Property type
    Distribution centers
    APN
    0800-181.00-03.00-001.027
    APU
    800181000300001027

    Description

    This exceptional Class A industrial warehouse, located at 40 Commerce Drive in Hauppauge, NY, offers 47,700 square feet of single-tenant space on a 3.48-acre lot. The building boasts an 18-foot ceiling height, three loading docks with three dock-high doors, and two drive-in doors, providing ample access for efficient operations. With 97 total parking spaces, employee and visitor parking is well accommodated. The property features 1,600 amps of 480V power, ensuring sufficient capacity for various industrial needs. Situated in the heart of the Hauppauge Industrial Park, this strategically located property benefits from easy access to major roadways via its convenient location on Commerce Drive and its proximity to Adams Avenue. The property is zoned for industrial use and is located in Suffolk County, NY, within the Hauppauge submarket cluster. The annual property taxes are $1.97 per square foot. This flexible building is ideal for a variety of manufacturing, distribution, or warehousing operations. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a high-quality, well-located industrial property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $80,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hauppauge
    County
    Suffolk
    State
    New York
    Longitude
    -73.2662
    Latitude
    40.8111
    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
    $2,760
    $36,240
    $39,000
    -
    $3,172
    $41,655
    $44,827

    Comparable in this City

    • Value Estimation
      $70,000
      2.70 Acres

      325 Rabro Dr

      DISTRIBUTION WAREHOUSE • 2.70 Acres
      325 Rabro Dr, Hauppauge, NY 11788-4247
      View Details
    • Value Estimation
      $155,000
      0.41 Acres

      555 Wireless Blvd

      DISTRIBUTION WAREHOUSE • 0.41 Acres
      555 Wireless Blvd, Hauppauge, NY 11788-3966
      View Details
    • Value Estimation
      $95,000
      1.30 Acres

      180 Adams Ave

      DISTRIBUTION WAREHOUSE • 1.30 Acres
      180 Adams Ave, Hauppauge, NY 11788-3677
      View Details
    • Value Estimation
      $115,000
      1.33 Acres

      200 Engineers Rd

      DISTRIBUTION WAREHOUSE • 1.33 Acres
      200 Engineers Rd, Hauppauge, NY 11788-4035
      View Details
    • Value Estimation
      $150,000
      2.00 Acres

      25 Engineers Rd

      DISTRIBUTION WAREHOUSE • 2.00 Acres
      25 Engineers Rd, Smithtown, NY 11788-4019
      View Details
    • Value Estimation
      $80,000
      1.75 Acres

      65 Engineers Rd

      DISTRIBUTION WAREHOUSE • 1.75 Acres
      65 Engineers Rd, Hauppauge, NY 11788-4003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Hauppauge Industrial Building with Yard

      6,000 SF industrial building with fenced yard in Hauppauge.
      263 Calebs Path, Hauppauge, NY 11788
      View Details
    • $5,531,350
      20,114 SF

      Pharmaceutical Manufacturing Facility For Sale

      20,114 SF Hauppauge facility ideal for pharmaceutical manufacturing.
      320 Oser Ave, Hauppauge, NY 11788
      View Details
    • Contact for pricing
      100,061 SF

      Hauppauge Manufacturing/Industrial Property Available

      100,061 SF Hauppauge property with specialized manufacturing features.
      75 Adams Ave, Hauppauge, NY 11788
      View Details
    • $8,893,500
      32,340 SF

      Hauppauge Flex / Industrial Building

      Flex/industrial building featuring office, R&D, loading dock, and drive-ins.
      135 Ricefield Ln, Hauppauge, NY 11788
      View Details
    • Contact for pricing
      140,000 SF

      Hauppauge Warehouse with Acreage

      140,000 SF warehouse on 7.10 acres in Hauppauge.
      2100 Pacific St, Hauppauge, NY 11788
      View Details
    • Contact for pricing
      30,000 SF

      Hauppauge Office Building For Sale

      30,000 SF Office Complex, 4 Units
      521 Route 111, Hauppauge, NY 11788
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      34,940 SF

      Hauppauge Warehouse with Loading Docks

      34,940 SF warehouse with offices and loading docks.
      55 Gilpin Ave, Hauppauge, NY 11788
      View Details
    • Contact for pricing

      Warehouse Redevelopment Available For Lease

      Redeveloped warehouse space available for lease, delivery Q3 2023.
      49 Wireless Blvd, Hauppauge, NY 11788
      View Details
    • Contact for pricing
      125,147 SF

      Hauppauge Industrial Space For Rent

      125,147 SF industrial space available on Ranick Rd.
      45 Ranick Rd, Hauppauge, NY 11788
      View Details
    • $13 SF/Yr
      32,750 SF

      Hauppauge Flex/Industrial Space Available

      Flex/Industrial space with parking for 400+ cars.
      100 Davids Dr, Hauppauge, NY 11788
      View Details
    • $16 SF/Yr
      9,200 SF

      Hauppauge Flex/Industrial Space Available

      Flex/industrial space for rent in Hauppauge, NY.
      40 Oser Ave, Hauppauge, NY 11788
      View Details
    • $17 SF/Yr
      4,500 SF

      Hauppauge Office/Flex Space Available

      Office/flex space featuring private offices, conference room, and kitchenette.
      400 Oser Ave, Hauppauge, NY 11788
      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.
    40 Commerce Dr
    Hauppauge, NY 11788-3904
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.