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    For Sale (19)

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    Flanders Commercial Property for Sale
    $2,399,900
    1.50 Acres

    Flanders Commercial Property for Sale

    1.5-acre property with income potential in Flanders, NY.

    669 Flanders Rd, Flanders, NY 11901
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    Land in Mastic Beach
    $100,000
    0.46 Acres

    Land in Mastic Beach

    Half acre of land available in Mastic Beach, NY.

    Vl Shoreham Rd, Mastic Beach, NY 11951
    View details
    Vacant Land Near Amenities
    $125,000
    0.38 Acres

    Vacant Land Near Amenities

    Available vacant land in Smithtown, New York.

    Vl Highland St, Smithtown, NY 11787
    View details
    Commercial Land on Montauk Highway
    $950,000
    0.55 Acres

    Commercial Land on Montauk Highway

    0.55-acre commercial lot with high visibility on Montauk Highway.

    1467 Montauk Hwy, Mastic, NY 11950
    View details
    Residential Lot in Copiague, NY
    $89,000
    0.09 Acres

    Residential Lot in Copiague, NY

    Residential land available in a vibrant Copiague community.

    Simmons St, Copiague, NY 11726
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    Rocky Point Commercial Investment Opportunity
    $749,000
    0.32 Acres

    Rocky Point Commercial Investment Opportunity

    Two-story corner lot in Rocky Point business district.

    697 Route 25A, Rocky Point, NY 11778
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    Residential Land in Mastic, NY
    $399,000
    1.00 Acre

    Residential Land in Mastic, NY

    One-acre vacant residential land with 217 feet of frontage.

    Vl Meadowmere Ave, Mastic, NY 11950
    View details
    Middle Island Land Opportunity
    $235,000
    100.00 Acres

    Middle Island Land Opportunity

    One acre lot for builders and investors in Middle Island.

    Daniel Ln, Middle Island, NY 11953
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    Middle Island Land Opportunity
    $170,000
    0.50 Acres

    Middle Island Land Opportunity

    Half-acre lot available for building in Middle Island, NY.

    Vl Daniel Ln, Middle Island, NY 11953
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    Residential Land in Mastic, NY
    $239,000
    0.18 Acres

    Residential Land in Mastic, NY

    Three new build opportunities with sewer access in Mastic.

    Vl 46&47 Bedford Ave, Mastic, NY 11950
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    Yaphank Land for Custom Residence
    $300,000
    1.32 Acres

    Yaphank Land for Custom Residence

    1.3-acre wooded lot ideal for building a custom home.

    Vl Yaphank-Middle Is Rd, Yaphank, NY 11980
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    Yaphank Land for Custom Residence
    $300,000
    1.30 Acres

    Yaphank Land for Custom Residence

    1.3-acre wooded lot ideal for building a custom home.

    Vl Yaphank-Middle Is Rd, Yaphank, NY 11980
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    Shovel-Ready Lots in Mastic, NY
    $239,000
    0.20 Acres

    Shovel-Ready Lots in Mastic, NY

    Two residential lots for new construction in Mastic, NY.

    1 Bedford Ave, Mastic, NY 11950
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    Buildable Lots in Growing Location
    $239,000
    0.20 Acres

    Buildable Lots in Growing Location

    Three prime residential lots in Mastic, NY, for sale.

    2 Bedford Ave, Mastic, NY 11950
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    Mastic, NY Vacant Lots
    $239,000
    0.14 Acres

    Mastic, NY Vacant Lots

    Five vacant lots in Mastic, NY, prime development opportunity.

    Vl Mastic Blvd, Mastic, NY 11950
    View details
    Mastic, NY Vacant Lots
    $239,000
    0.23 Acres

    Mastic, NY Vacant Lots

    Five vacant lots in Mastic, NY, prime development opportunity.

    36 Mastic Blvd, Mastic, NY 11950
    View details
    Bayfront Property with Water Access
    $190,000
    0.50 Acres

    Bayfront Property with Water Access

    Bayfront property featuring 90 feet of direct waterfront frontage.

    Vl Johns Nck Rd, Shirley, NY 11967
    View details
    Land Near Water, Mastic Beach
    $150,000
    0.19 Acres

    Land Near Water, Mastic Beach

    Land for sale near the water in Mastic Beach.

    Dahlia Dr, Mastic Beach, NY 11951
    View details
    Flanders Road Land Opportunity
    $2,400,000

    Flanders Road Land Opportunity

    Land available in Flanders, NY, Suffolk County.

    669 Flanders Rd, Flanders, NY 11901
    View details

    For Lease (8)

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    Corner Lot on Busy Road
    $1,500 / Mo
    7,841 SF

    Corner Lot on Busy Road

    High-visibility commercial land for lease on a busy road.

    574 Montauk Hwy, Shirley, NY 11967
    View details
    Commercial Land on Montauk Highway
    $2,500 / Mo
    23,958 SF

    Commercial Land on Montauk Highway

    0.55-acre commercial lot on busy Montauk Highway.

    1467 Montauk Hwy, Mastic, NY 11967
    View details
    Prime Commercial Space in Patchogue
    $1,975 / Mo

    Prime Commercial Space in Patchogue

    Thriving location, versatile space, high visibility in Patchogue, NY.

    66A Medford Ave, Patchogue, NY 11772
    View details
    Retail Space in Wading River
    $2,200 / Mo

    Retail Space in Wading River

    Retail space available at The Shoppes At East Wind.

    5768 Route 25A, Wading River, NY 11792
    View details
    Shirley Commercial Land For Lease
    $10,000 / Mo
    11,326 SF

    Shirley Commercial Land For Lease

    20,245 sq ft land for lease in Shirley, NY.

    550 William Floyd Pkwy, Shirley, NY 11967
    View details
    Calverton Commercial Office Space
    $24 SF/Yr
    43,560 SF

    Calverton Commercial Office Space

    Versatile office space in a convenient, accessible location.

    446 Edwards Ave, Calverton, NY 11933
    View details
    Commercial Land in High-Traffic Area
    $1,000 / Mo
    7,841 SF

    Commercial Land in High-Traffic Area

    0.18 acre vacant lot with high visibility and traffic.

    586 Montauk Hwy, Shirley, NY 11967
    View details
    Prime Retail Corridor Land Lease
    $10,000 / Mo

    Prime Retail Corridor Land Lease

    20,245 sq ft land for lease in Shirley, NY.

    550 William Floyd Pkwy, Shirley, NY 11967
    View details

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    Coldwell Banker M&D Good Life
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Coldwell Banker M&D Good Life
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