Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Railroad Ave, Unit Offices East Hampton, NY 11937

    Sponsored
    For Lease
    $1.00 SF/Yr

    Commercial - East Hampton, NY

    Days on Market:
    2
    Last Refresh:
    Feb 3 at 1:06 am

    Property Features for 3 Railroad Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    0301-002.000-0002-005.000
    Parking features
    Garage

    Building Details

    Year built
    1985
    Year renovated
    1985
    Architectural style
    Other

    We can help!

    Listing Contact
    Hal Zwick

    Compass (212) 913-9058

    Listing agent Hal Zwick (212) 913-9058

    Listing date Feb 2, 2026

    MLS# 11513294 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.

    Learn more

    Property Insight Report

    Overview

    East Hampton Office Space Available

    Second floor office suites are available for rent. The property is conveniently located across from the East Hampton LIRR station and seconds from Main Street in East Hampton, NY. The location is in Suffolk County, with postal code 11937.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Professional Organizers Long ... Professional Organizer Hamptons Rentals Vacation Rental Hamptons Properties Real Estate Agency Fierce Grace East ... Gym & Fitness Center HAMPTONS VINYL WRAP ... Car Wash

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.191707
    Latitude
    40.964921

    Nearby Similar for Lease

    • $18,750 /Mo
      3,000 SF

      Unique Retail Space in East Hampton

      Renovated 3,000 SF retail space with indoor/outdoor feel.
      9 Railroad Ave, East Hampton, NY 11937
      View Details
    • New
      $8,500 /Mo
      1,500 SF

      East Hampton Office Suite for Rent

      1,500 SF office suite near East Hampton Village.
      300 Pantigo Rd, East Hampton, NY 11937
      View Details
    • New
      $5 SF/Yr
      1,418 SF

      East Hampton Office/Fitness Space

      Multi-level 1,418 SF space suitable for office or fitness use.
      16 Goodfriend Dr, East Hampton, NY 11937
      View Details
    • $20,000 /Mo
      1,600 SF

      East Hampton Retail Storefront For Lease

      Retail storefront in the core shopping district of East Hampton.
      53 The Cir, East Hampton, NY 11937
      View Details
    • $10,000 /Mo
      1,585 SF

      East Hampton Retail Space Available

      Prime location in East Hampton Village's shopping district.
      32 Park Pl, East Hampton, NY 11937
      View Details
    • New
      $3,250 /Mo

      East Hampton Renovated Private Offices

      Newly renovated private office suites in central East Hampton Village.
      47 Newtown Ln, East Hampton, NY 11937
      View Details
    • $80 SF/Yr
      474 SF

      East Hampton Office Space Available

      Light-filled office space overlooking Newtown Lane in East Hampton.
      66 Newtown Ln, East Hampton, NY 11937
      View Details
    • New
      $1.00 SF/Yr

      East Hampton Commercial Lease Opportunity

      Versatile commercial spaces available for lease in East Hampton, NY.
      3 Railroad Ave, East Hampton, NY 11937
      View Details
    • New
      $1.00 SF/Yr

      East Hampton Commercial Space Available

      Versatile commercial complex in East Hampton with warehouse and office space.
      3 Railroad Ave, East Hampton, NY 11937
      View Details
    • $10,000 /Mo

      East Hampton Boutique Retail Opportunity

      Premier retail space in East Hampton's coveted shopping district.
      23 Newtown Ln, East Hampton, NY 11937
      View Details
    • Contact for pricing
      1,418 SF

      East Hampton Retail Space For Lease

      Prime East Hampton Commercial Space Available
      16 Goodfriend Dr, East Hampton, NY 11937
      View Details
    • Contact for pricing
      3,000 SF

      East Hampton Commercial Gem

      Newly renovated, prime village location.
      30 Park Pl, East Hampton, NY 11937
      View Details

    FAQs

    What type of property is this?
    Office space - Second floor office suites near East Hampton LIRR station.
    Where is this office space located?
    The property is located at 3 Railroad Ave, Unit Offices East Hampton, NY.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location across from the East Hampton LIRR station.; - Seconds from Main Street.; - Garage parking available.
    (631) 678-2460
    Request Owner's contact information
    3 Railroad Ave, Unit Offices East Hampton, NY 11937
    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.
    3 Railroad Ave, Unit Offices
    East Hampton, NY 11937
    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
    3 Railroad Ave, Unit Offices East Hampton, NY 11937
    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

    We can help!
    Listing Contact
    Hal Zwick
    (631) 678-2460
    Learn more
    Google sign-in failed. Please try again or use another login method.