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    Ground Level Office-Storefront Suite Title is generated by Realmo AI

    131 Roanoke, Riverhead, NY 11901

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    Claim this Listing
    For Lease
    $2,300/Mo $38 SF/Yr (calc)

    COMMERCIAL - Riverhead, NY

    Type:Office
    Property size:
    723 SF
    Lot size:
    0.03 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 7 at 9:06 pm

    Property Features for 131 Roanoke

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    DC-1
    Parking features
    Open, Offsite, Parking Lot
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    600-128-6-30
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11840

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Ductless, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Wood
    Building materials
    Blown-In Insulation, Fiberglass Insulation, HardiPlank Type

    We can help!

    Listing Contact
    John L. Bagshaw Jr

    Listing agent John L. Bagshaw Jr License #10491202130

    Listing office Bagshaw Real Estate L.L.C 747 E Main St, Riverhead, NY

    Listing date Apr 22, 2026

    MLS# 989320

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ground‑level 723 sq. ft. office/storefront located on the west side of Roanoke Ave in downtown Riverhead
    • Hi‑visibility with plenty of parking, including offsite parking and parking lot access
    • Zoned DC‑1, allows many different uses, with assembly approval for up to 42 people
    • Utilities included in rent: gas, electric, and water
    • Public utilities: public water and public sewer; electric water heater
    • Cooling includes ductless and wall/window unit(s); heating includes electric and forced air

    Overview

    This ground level 723-square-foot office/storefront suite is designed for flexible day-to-day operations, combining an office layout with retail-style frontage. The space includes assembly approval for up to 42 people, making it suitable for user-facing environments such as classrooms. Rent includes gas, electric, and water, and the landlord is open to shared arrangements, including shared access to a handicap bathroom and the front door.

    The property is located on the west side of Roanoke Ave. in downtown Riverhead, with adjacent municipal parking nearby. It benefits from high visibility and on-site parking convenience for customers, students, or clients.

    Zoned DC-1, the suite allows many different uses, supporting a range of business models that need a ground level setup and clear public access. The approved occupancy for assembly events also provides a practical fit for operators planning structured instruction or other permitted small-group activities. Prospective tenants should contact the listing broker for details on permitted use specifics and shared access terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    East End Driving ... Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.6625298
    Latitude
    40.9174383

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    FAQs

    What type of property is this?
    Office units - Ground level office and storefront space with high visibility, ample parking, and DC-1 zoning with flexible use options.
    Where is this office units located?
    The property is located at 131 Roanoke Riverhead, NY.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: Ground‑level 723 sq. ft. office/storefront located on the west side of Roanoke Ave in downtown Riverhead; Hi‑visibility with plenty of parking, including offsite parking and parking lot access; Zoned DC‑1, allows many different uses, with assembly approval for up to 42 people
    (631) 727-3713
    We can help!
    Listing Contact
    John L. Bagshaw Jr
    Real Estate License ID: 10491202130
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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
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