1895 Walt Whitman RdMelville, NY 11747

Property Details for 1895 Walt Whitman Rd

Lot size

6.00 AC

Zone code

I2

Property type

Office buildings

APN

0400-265.00-01.00-007.000

APU

400265000100007000

Description

This exceptional single-story office building, situated at 1895 Walt Whitman Road in Melville, New York, offers 55,852 square feet of versatile space. Built in 1986 and extensively renovated in 2022, the property boasts a Class B rating and is situated on a six-acre lot. The building features two suites, with a minimum divisible space of 1,723 square feet and a maximum contiguous space of 4,271 square feet, making it suitable for a range of business needs, from medical offices to executive or creative office spaces. Located in the Western Suffolk submarket of Melville, Suffolk County (zip code 11747), this property enjoys convenient access via Broadhollow Road. The building's professional on-site management ensures a seamless and efficient operational experience. This prime location offers businesses the opportunity to establish a strong presence in a thriving commercial area. The property's recent renovation ensures modern amenities and a comfortable work environment. The flexible space allows for customization to meet specific business requirements. This is an excellent opportunity to secure high-quality office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $43,210,616

  6.5%

  $39,886,720

  7%

  $37,037,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,149,296

  Geo Method

  $34,149,296

• Alternative Use

  Use

  Valuation

  Residential

  $49,459,536

  Hospitality

  $45,304,668

  Educational

  $37,692,952

  Medical

  $38,989,272

  Retail

  $58,633,480

Location Insight

City

Melville

County

Suffolk

State

New York

Latitude

40.7665

Longitude

-73.425

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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