Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Southampton Commercial Building with Elevator Title is generated by Realmo AI

    16 Hampton Rd, Southampton, NY 11968

    View on Map
    Claim this Listing
    For Sale
    $6,500,000

    Commercial Building, Elevator - Southampton, NY

    Property size:
    5,200 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $1,250/SF
    Added:
    Jul 5, 2024
    Days on Market:
    701
    Last Refresh:
    Jun 5 at 3:06 am

    Property Features for 16 Hampton Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Parking features
    Garage
    Interior features
    Corner Unit
    Exterior features
    Corner Unit
    Basement Y/N
    1
    Standard status
    Active
    APN
    0904-006.000-0004-005.000
    Size
    5,200 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10000

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2017
    Year renovated
    2017
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Wood Siding
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Judi A. Desiderio

    Listing agent Judi A. Desiderio

    Listing office William Raveis (East Hampton) 46 Main Street, East Hampton, NY

    Listing date Jul 5, 2024

    MLS# 11319592 Listing URL

    Copyright © 2026 My State 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

    • Prime location in the heart of historic Southampton Village, between Main Street and Citarella's Market.
    • Newly built (2017) commercial building with three ground floor units and two second floor offices.
    • Elevator access to all floors, including the full basement.
    • Two reserved parking spaces in the village public parking lot.
    • Architecturally designed by John David Rose to blend with the historic village aesthetic.
    • Corner unit with hardwood floors, central air, and forced air heating.

    Overview

    Located in the heart of historic Southampton Village, between Main Street and Citarella's Market, this newly built commercial building features three ground floor units and two second floor offices, along with a full basement. An elevator services all floors, and a common area is available for loading. The building is situated on the public parking lot for the village and includes two reserved spaces. The architecture, designed by Southampton architect John David Rose, blends with the original buildings of this historic village. The building is graced with mature roses trellised and cared for by the Rose Society of Southampton. The property has a size of 5200 square feet and a lot size of 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    James Christian Cosmetics ... Spa & Massage Center Nicholas Borruso-U.S. Bank ... Loan Service Chad Vanderslice-U.S. Bank ... Loan Service U.S. Bank-Beth Hard-Mortgage ... Loan Service Town & Country Real ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.388814
    Latitude
    40.887

    Nearby Similar for Sale

    • $2,450,000
      2,640 SF

      Southampton Commercial Building with Parking

      Freestanding commercial building in Southampton Village core with private parking.
      28 Cameron Street, Southampton, NY 11968
      View Details
    • $3,500,000
      1,100 SF

      Southampton Market and Deli

      Turnkey market and deli with expansion potential in Southampton.
      926 Noyac Road, Southampton, NY 11968
      View Details
    • $3,500,000
      4,637 SF

      Southampton Commercial Property on County Road

      Commercial property on 0.92 acres with high visibility.
      715 County Road 39, Southampton, NY 11968
      View Details
    • $1,199,999

      Two Homes, Southampton Opportunity

      Two detached homes on a single lot in Southampton.
      33 Locust Avenue, Southampton, NY 11968
      View Details
    • $2,100,000
      1,584 SF

      Southampton Village Mixed-Use Building

      Mixed-use property in prime Southampton Village location.
      71 Jobs Lane, Southampton, NY 11968
      View Details
    • $11,995,000
      7,900 SF

      Southampton Commercial Building on Three Acres

      Prime commercial building in Southampton's Business District on 3 acres.
      729 County Road 39A, Southampton, NY 11968
      View Details
    • $4,250,000
      7,500 SF

      Southampton Village Industrial Warehouse Opportunity

      Industrial warehouse with expansion potential in Southampton Village.
      30 Mariner Drive, Southampton, NY 11968
      View Details
    • $2,450,000
      2,640 SF

      Southampton Village Commercial Building

      Freestanding commercial building with parking in Southampton Village core.
      28 Cameron St, Southampton, NY 11968
      View Details
    • $1,695,000
      2,347 SF

      Southampton Village Commercial Building For Sale

      Commercial property in Southampton Village with high visibility and foot traffic.
      25 N North Sea Rd, Southampton, NY 11968
      View Details
    • $6,750,000

      Turnkey Bistro in Southampton Village

      Newly transformed bistro with top-tier amenities in the Hamptons.
      210 Hampton Road, Southampton, NY 11968
      View Details
    • $4,500,000
      10,000 SF

      Industrial Property with Outside Storage

      Versatile industrial property with outside storage in prime location.
      A-196 Jagger Ln, Southampton, NY 11968
      View Details
    • $725,000
      952 SF

      Southampton Medical Condo For Sale

      Medical condo in Olde Town Medical Complex near Stonybrook Hospital.
      349 MEETING HOUSE LN, Southampton, NY 11968
      View Details

    FAQs

    What type of property is this?
    Office building - Newly built commercial building in the heart of Southampton Village.
    Where is this office building located?
    The property is located at 16 Hampton Rd Southampton, NY.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Prime location in the heart of historic Southampton Village, between Main Street and Citarella's Market.; Newly built (2017) commercial building with three ground floor units and two second floor offices.; Elevator access to all floors, including the full basement.
    (631) 324-8080
    We can help!
    Listing Contact
    Judi A. Desiderio
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16 Hampton Rd, Southampton, NY 11968
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!