Hauppauge, NY
Commercial Real Estate Market Trends & Data

$339 per SF Avg asking sale price
$26 per SF Avg asking lease rate
10,703 SF Avg unit lease size
30,787 SF Avg building size for sale
8.49% Average cap rate

Hauppauge's Demographic Profile

Hauppauge has 7,038 households and a median income of $135,761, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 20,062
# Households 7,038
Median age 44
Median household income $135,761
Avg household size 3.0
Renter-occupied housing units 1,231
5-year population change -1%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hauppauge $378 11,500 SF 7.02%
Smithtown $405 6,267 SF 6.60%
Central Islip $374 33,699 SF 7.02%
Nearby Retail Markets Avg Cost/SF Typical Size
Hauppauge $362 5,789 SF
Smithtown $447 5,287 SF
Central Islip $268 9,753 SF
Nesconset $375 7,923 SF
Brentwood $1,065 8,443 SF

Commercial Properties For Sale in Hauppauge

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

821-823 Jericho Tpke

Smithtown, NY 11787

  • 13,934 SF Office Building
  • $3,500,000
For Sale

20 Manor Rd

Smithtown, NY 11787

  • 2,268 SF Office Building
  • $858,000
For Sale

Expressway Office

Hauppauge, NY 11788

  • 40,000 SF Office Building
  • $8,750,000
For Sale

198 Terry Rd

Smithtown, NY 11787

  • 1,683 SF Office Building
  • $948,000
For Sale

80 Davids Dr

Hauppauge, NY 11788

  • 33,988 SF Industrial Building
  • $9,000,000
For Sale

554 Route 111

Hauppauge, NY 11788

  • 2,600 SF Retail Building
  • $1,495,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Where Multifamily Asking Prices Are Rising and Falling in 2026
Where Multifamily Asking Prices Are Rising and Falling in 2026
LoopNet listing data from November 2025 through March 2026 reveals a supply-driven split in multifamily asking prices across U.S. markets, and what it means for investors deciding where to buy.
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
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Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hauppauge pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hauppauge $339 30,787 SF
Islandia $253 91,747 SF
Smithtown $428 7,914 SF
Central Islip $271 57,247 SF
Nesconset $490 4,738 SF

Regional Demographic Comparison

This comparison places Hauppauge alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hauppauge or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hauppauge 20,062 7,038 44 $135,761 3 1,231 -1%
Islandia 3,537 1,005 47 $106,182 3 121 -1%
Smithtown 25,028 8,151 46 $154,712 3 1,034 -2%
Central Islip 33,630 9,183 37 $94,496 3 2,791 -3%
Nesconset 12,800 4,360 44 $142,429 3 769 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hauppauge, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hauppauge

View All Commercial Real Estate For Sale in Hauppauge
Is Hauppauge a good market for a first-time commercial real estate investor?

Hauppauge offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hauppauge?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hauppauge. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hauppauge?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hauppauge. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hauppauge compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hauppauge. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hauppauge acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hauppauge, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends