Melville, NY
Commercial Real Estate Market Trends & Data

$385 Avg asking sale price
$748 Avg asking lease rate
19,811 SF Avg unit lease size
34,226 SF Avg building size for sale
6.24% Average cap rate

Melville's Demographic Profile

Melville has 7,080 households and a median income of $125,567, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 18,730
# Households 7,080
Median age 51
Median household income $125,567
Avg household size 3.0
Renter-occupied housing units 1,120
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Melville, NY

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
South Huntington $387 11,500 SF 10.94%
Huntington Station $348 18,267 SF 10.94%
Nearby Retail Markets Avg Cost/SF Typical Size
Melville $526 7,487 SF
South Huntington $408 9,746 SF
Huntington Station $534 7,502 SF
Old Bethpage $786 2,546 SF
Plainview $334 7,476 SF

Commercial Properties For Sale in Melville

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

Hitemco, Old Bethpage, NY

Old Bethpage, NY 11804

  • 48,530 SF Industrial Building
  • $10,800,000
For Sale

Fortunoff Backyard Store

Huntington Station, NY 11746

  • 9,600 SF Retail Building
  • 6.01% Cap Rate
  • $5,600,000
For Sale

20' - 21' | Wide Open Warehouse

Farmingdale, NY 11735

  • 8,915 SF Industrial Building
  • $3,195,000
For Sale

516 Route 110 Center

Melville, NY 11747

  • 10,200 SF Retail Building
  • $3,600,000
For Sale

21Ft High Ceiling, Rear Yard, Vacant BY LIE

Farmingdale, NY 11735

  • 16,500 SF Industrial Building
  • $4,850,000
For Sale

175-183 Bethpage Sweet Hollow Rd

Old Bethpage, NY 11804

  • 18,850 SF Industrial Building
  • $5,250,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Melville $385 34,226 SF
South Huntington $471 11,566 SF
Wyandanch $386 20,898 SF
Huntington Station $520 8,027 SF

Regional Demographic Comparison

This comparison places Melville 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 Melville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Melville 18,730 7,080 51 $125,567 3 1,120 -2%
Wheatley Heights 4,993 1,384 39 $140,803 3 194 -2%
South Huntington 8,920 3,007 45 $137,261 3 350 -3%
Wyandanch 12,545 3,150 33 $80,336 4 1,393 -3%
Huntington Station 31,339 9,368 38 $113,179 3 2,951 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Melville, 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 Melville

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

Melville 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 Melville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Melville. 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 Melville?

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

How does Melville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Melville. 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 Melville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Melville, 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.

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