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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$73,458,048
6.5%
$67,807,424
7%
$62,964,040
Comparable approach
Method
Valuation
Relative Method
$58,053,804
Geo Method
$58,053,804
Alternative Use
Use
Valuation
Residential
$84,081,208
Hospitality
$77,017,936
Educational
$64,078,016
Medical
$66,281,760
Retail
$99,676,920
Location Insight
City
Melville
County
Suffolk
State
New York
Latitude
40.7678
Longitude
-73.422
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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