Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    535 Broadhollow Rd Melville, NY 11747-3713
    Back to Search
    Property profile & analytics

    535 Broadhollow Rd Melville, NY 11747-3713

    View on Map
    • Office buildings
    • 10.20 lot acres
    Off-Market
    Property ID
    US63-0385678
    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

    • Narom Home Inspections / Home Inspector
    • Security USA, Inc / Security Service
    • Doukas Media / Advertising Agency / Marketing & Advertising
    • Eisenberg & Carton / Law Firm
    • Transparent Health Insurance / Insurance Agency

    Property Details for 535 Broadhollow Rd

    Lot size
    10.20 lot acres
    Zone code
    I1
    Property type
    Office buildings
    APN
    0400-268.00-01.00-021.000
    APU
    400268000100021000

    Description

    This exceptional two-story Class B office building in Melville, NY (11747), offers 50,000 square feet of versatile space, perfect for businesses of all sizes. Six suites are available, with flexible options ranging from 1,000 to 3,000 contiguous square feet. The building boasts 450 parking spaces, convenient access to the LIE and Northern State Parkway, and 24-hour access for ultimate flexibility. Amenities include complimentary conference and seminar rooms, an on-site restaurant, an impressive atrium, on-site property management, and convenient outgoing FedEx and mail services. Power is included. Custom build-outs are available to tailor the space to your specific needs. The building is strategically located at 535 Broadhollow Rd, Melville, NY, offering easy commuting and a prime business address. Pricing is dependent on space size and any build-out requirements. This property presents a unique opportunity to establish your business in a well-maintained, amenity-rich environment. Contact us today to learn more about leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Melville
    County
    Suffolk
    State
    New York
    Longitude
    -73.422
    Latitude
    40.7678
    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
    $50,000
    $30,000
    $80,000
    -
    $90,909
    $54,545
    $145,454

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      Spagnoli Rd

      OFFICE BUILDING • 0.36 Acres
      Spagnoli Rd, Melville, NY 11747
      View Details
    • Value Estimation by Request
      0.50 Acres

      1175 Walt Whitman Rd

      OFFICE BUILDING • 0.50 Acres
      1175 Walt Whitman Rd, Melville, NY 11747-3005
      View Details
    • Value Estimation by Request
      1.30 Acres

      734 Walt Whitman Rd

      OFFICE BUILDING • 1.30 Acres
      734 Walt Whitman Rd, Melville, NY 11747-2294
      View Details
    • Value Estimation by Request
      3.00 Acres

      555 Broadhollow Rd

      OFFICE BUILDING • 3.00 Acres
      555 Broadhollow Rd, Melville, NY 11747-5078
      View Details
    • Value Estimation
      $730,000
      0.25 Acres

      789 Walt Whitman Rd

      PROFESSIONAL BUILDING • 0.25 Acres
      789 Walt Whitman Rd, Melville, NY 11747-2207
      View Details
    • Value Estimation
      $15,200,000
      5.67 Acres

      263 Old Country Rd

      OFFICE BUILDING • 5.67 Acres
      263 Old Country Rd, Melville, NY 11747-2712
      View Details

    Similar Nearby for Sale

    • $5,200,000
      24,338 SF

      Melville Office Building For Sale

      Office building in Melville Business Corridor with ample parking.
      135 Maxess Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      54,000 SF

      Melville Office Building For Sale

      54,000 SF office building in Melville, NY.
      10 Melville Park Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      Pending

      Melville Office Building For Sale

      17,280 SF office building available in Melville, NY.
      60 Broadhollow Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      6,150 SF

      Melville Office Space Available

      Office space with shared amenities in Melville, New York.
      707 Walt Whitman Rd, Melville, NY 11747
      View Details
    • $1,100,000
      0.20 Acres

      Prime Corner Property on Route 110

      Well-maintained property with high visibility and R7 zoning potential.
      1 Arrowood Ln, Melville, NY 11747
      View Details
    • Contact for pricing

      Retail Land For Sale

      Commercial land available for retail development.
      93 Ruland Rd, Melville, NY 11747
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      123,011 SF

      Renovated Melville Office Building

      Recently renovated 400,000 SF office building with modern amenities.
      3 Huntington Quadrangle, Melville, NY 11747
      View Details
    • Contact for pricing
      36,370 SF

      Renovated Melville Office Space Available

      Recently renovated 50,000 sq ft office space for rent.
      3 Huntington Quadrangle, Melville, NY 11747
      View Details
    • Contact for pricing
      3,804 SF

      Melville Office and Retail Space

      Upscale cafe and executive fitness center available for rent.
      324 S Service Rd, Melville, NY 11747
      View Details
    • Contact for pricing

      Class A Office Building

      Three-story, 165,000 SF office building in Melville, NY.
      1305 Walt Whitman Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      5,505 SF

      Renovated Office Building with Café

      Fully renovated office building with café and highway access.
      255 Pinelawn Rd, Melville, NY 11747
      View Details
    • Contact for pricing
      2,900 SF

      90,390 SF Melville Office Building

      90,390 SF office building with furnished offices and covered parking.
      40 Marcus Dr, Melville, NY 11747
      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.
    535 Broadhollow Rd
    Melville, NY 11747-3713
    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
    535 Broadhollow Rd, Melville, NY, 11747
    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!