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501 William Floyd Pky 6,078 SF Vacant Office Building Shirley, NY 11967 $1,532,641 CAD ($252.16 CAD/SF) 11.36% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! Free Standing Building With A1 Zoning On A Huge 30,300+ Sqft. Lot On William Floyd Pkwy. For Sale!!!
- The Property Is Located In The Heart Of Shirley On Busy William Floyd Pkwy. Just Minutes From Sunrise Hwy.!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, 26 Parking Spaces, High 10’ Ceilings, A1 Zoning, J Business District, Kitchen, Sprinklers, +!
- Neighbors Include Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl’s, Marshalls, Dunkin’, Kay Jewelers, CVS, McDonald’s, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! Free Standing Building With A1 Zoning On A Huge 30,300+ Sqft. Lot On William Floyd Pkwy. For Sale!!! The Property Features Excellent Signage, Great Exposure, 26 Parking Spaces, High 10’ Ceilings, A1 Zoning, J Business District, Kitchen, Sprinklers, Skylights, Ramp, Conference Room, Multiple Offices, Accessible Parking, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Shirley On Busy William Floyd Pkwy. Just Minutes From Sunrise Hwy.!!! Neighbors Include Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl’s, Marshalls, Dunkin’, Kay Jewelers, CVS, McDonald’s, King Kullen, Taco Bell, Wendy’s, Sonic, Enterprise Rent-A-Car, Aldi, Lidl, Dollar Tree, STS Tire, Jersey Mike’s Subs, Carvel, KFC, +++!!! The Property Has 151’ Of Frontage On William Floyd Parkway!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
County Office (1,700 Sqft.): $42,000 Ann.; Lease Exp.: 9/1/26.
Taxi Co. (800 Sqft. LL): $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 12/1/30.
Finished LL (2,200 Sqft.): $36,000 Ann. (Available)
1st Floor (900 Sqft.): $24,000 Ann. (Available)
1st Floor (1,110 Sqft.) $28,800 Ann. (Available)
Pro Forma Gross Income: $148,800 Ann.
Expenses:
Oil: $2,350 Ann.
Electric: $2,139 Ann.
Water: $178 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,862 Ann.
Taxes: $15,037 Ann.
Total Expenses: $23,816 Ann.
Pro Forma Net Operating Income (NOI): $124,984 Ann. (11.36% Cap!!!)
Income:
County Office (1,700 Sqft.): $42,000 Ann.; Lease Exp.: 9/1/26.
Taxi Co. (800 Sqft. LL): $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 12/1/30.
Finished LL (2,200 Sqft.): $36,000 Ann. (Available)
1st Floor (900 Sqft.): $24,000 Ann. (Available)
1st Floor (1,110 Sqft.) $28,800 Ann. (Available)
Pro Forma Gross Income: $148,800 Ann.
Expenses:
Oil: $2,350 Ann.
Electric: $2,139 Ann.
Water: $178 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,862 Ann.
Taxes: $15,037 Ann.
Total Expenses: $23,816 Ann.
Pro Forma Net Operating Income (NOI): $124,984 Ann. (11.36% Cap!!!)
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$207,325
|
$34.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$207,325
|
$34.11
|
| Taxes |
$20,951
|
$3.45
|
| Operating Expenses |
$12,232
|
$2.01
|
| Total Expenses |
$33,183
|
$5.46
|
| Net Operating Income |
$174,141
|
$28.65
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $207,325 |
| Annual Per SF | $34.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $207,325 |
| Annual Per SF | $34.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,951 |
| Annual Per SF | $3.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,232 |
| Annual Per SF | $2.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,183 |
| Annual Per SF | $5.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $174,141 |
| Annual Per SF | $28.65 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,078 SF
Building Class
C
Year Built
1990
Price
$1,532,641 CAD
Price Per SF
$252.16 CAD
Cap Rate
11.36%
NOI
$174,141 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,078 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
0.75 AC
Zoning
A1 - J Business District
This area permits art galleries, studios, community centers, offices and/or retail.
Parking
26 Spaces (4.28 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 501 Properties, Ltd
- Real Estate
- -
- -
- -
- Academic Associates Reading Learning Center
- Educational Services
- -
- -
- -
- Local 342 Insurance Trust
- Services
- -
- -
- -
- Shirley Chrprctic Wellness Ctr
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 501 Properties, Ltd | Real Estate | - | - | - | ||
| Academic Associates Reading Learning Center | Educational Services | - | - | - | ||
| Local 342 Insurance Trust | Services | - | - | - | ||
| Shirley Chrprctic Wellness Ctr | Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
3 room office suite
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 350 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 350 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 350 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
3 room office suite
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0200-907-00-03-00-008-000 | Total Assessment | $5,241 CAD |
| Land Assessment | $637 CAD | Annual Taxes | $20,951 CAD ($3.45 CAD/SF) |
| Improvements Assessment | $4,604 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0200-907-00-03-00-008-000
Land Assessment
$637 CAD
Improvements Assessment
$4,604 CAD
Total Assessment
$5,241 CAD
Annual Taxes
$20,951 CAD ($3.45 CAD/SF)
Tax Year
2025
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501 William Floyd Pky
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