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    Wainscott Warehouse and Showroom Space Title is generated by Realmo AI

    348 Montauk Highway Warehouse - Units 1 & 2, Wainscott, NY 11975

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    For Lease
    $20,416 SF/Yr $11,909,333/Mo (calc)

    Commercial - Wainscott, NY

    Property size:
    7,000 SF
    Lot size:
    0.35 Acres
    Added:
    Jan 1, 2025
    Days on Market:
    496
    Last Refresh:
    May 12 at 11:06 am

    Property Features for 348 Montauk Highway Warehouse - Units 1 & 2

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0300-197.000-0002-014.000
    Size
    7,000 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hal Zwick
    Hal Zwick

    Listing agent Hal Zwick

    Listing office Compass 63 Main Street, New York, NY

    Listing date Jan 1, 2025

    MLS# 11513339 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 on Montauk Highway, west of East Hampton Village, offering easy access to the South Fork.
    • Flexible 15,000sf retail complex suitable for various uses, including showroom, office, and warehouse.
    • Includes a 2,000sf showroom and office space, plus additional warehouse space on a 0.35‑acre site.
    • Features 4 overhead doors and 3 loading docks for efficient warehouse operations.
    • Offers ample parking with 26 spots and truck/trailer access.
    • Potential to reimagine the space as a large showroom or trade wholesale; can be delivered vacant.

    Overview

    Located in the commercial core of Wainscott, the property at 348 Montauk Highway features a 15,000 square foot retail complex with flexible uses. The current build-out includes a 2,000 square foot showroom and office space, along with additional warehouse space, situated on a 0.35-acre site. The location on Montauk Highway, just west of East Hampton Village, provides convenient access to the South Fork. The building features a showroom and office in the front, with a courtyard providing access to the warehouse bays. The warehouses include 4 overhead doors, 3 loading docks, and two levels of interior storage. The site offers a total of 26 parking spots and access for trucks and trailers. Potential uses include a large showroom or trade wholesale business. The property can be delivered vacant. Surrounding neighbors include Local TV Inc., Cedar Design, East End Excavating Corp., East Hampton Executive Terminal, Wainscott Farms, PODS Moving & Storage, Wainscott Inn, Wainscott Hardware, Mattress Firm, Aboff's Paints, Levain Bakery, and Goldberg's Famous Bagels. The property offers outdoor storage, a retail showroom, offices, and warehouse space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Hampton Plumbing ... Plumbing Service

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Hair Salon Law Firm Pharmacy Gym & Fitness Center Big Box & Wholesale Store Accounting Firm HVAC Service

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

    Similar Places Nearby

    • Home Sweet Home Moving & Storage — 342 montauk hwy, wainscott, ny 11975
    • Twin Forks Moving & Storage — 77 Industrial Rd, Wainscott, NY 11975

    Location Insight

    • Map
    • Local Demand
    City
    Wainscott
    County
    Suffolk
    State
    New York
    Longitude
    -72.245215
    Latitude
    40.948712

    Nearby Similar for Lease

    • $6,100/Mo

      Wainscott Retail & Office Building

      Retail and office building with warehouse space in central location.
      348 Montauk Highway (Showroom & Office), Wainscott, NY 11975
      View Details
    • $952,490 SF/Yr

      Wainscott Industrial Warehouse Opportunity

      Industrial warehouse with office suites and loading dock for lease.
      342 Montauk Highway, Wainscott, NY 11975
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile commercial space with showroom, office, and warehouse.
    Where is this warehouse located?
    The property is located at 348 Montauk Highway Warehouse - Units 1 & 2 Wainscott, NY.
    What is the lease rate?
    The lease rate is $20,416.
    What are key features of this property?
    This property features: Prime location on Montauk Highway, west of East Hampton Village, offering easy access to the South Fork.; Flexible 15,000sf retail complex suitable for various uses, including showroom, office, and warehouse.; Includes a 2,000sf showroom and office space, plus additional warehouse space on a 0.35‑acre site.
    (631) 678-2460
    We can help!
    Listing Contact
    Hal Zwick
    Hal Zwick
    Real Estate License ID: 40ZW1016031
    Learn More
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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.

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    348 Montauk Highway (Warehouse - Units 1 & 2), Wainscott, NY 11975
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